Children’s Place (NASDAQ:PLCE) Releases Earnings Results, Misses Expectations By $0.59 EPS

Children’s Place (NASDAQ:PLCE) posted its quarterly earnings results on Tuesday. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.63 by ($0.59), RTT News reports. Children’s Place had a negative return on equity of 4,732.98% and a negative net margin of 10.52%. During the same period in the previous year, the business posted $3.22 earnings per share.

Children’s Place Trading Down 24.1 %

Shares of PLCE stock traded down $3.90 during mid-day trading on Tuesday, reaching $12.25. 1,390,176 shares of the company’s stock traded hands, compared to its average volume of 1,426,739. Children’s Place has a 12 month low of $4.77 and a 12 month high of $38.03. The firm has a 50 day moving average price of $14.20 and a two-hundred day moving average price of $10.75.

Analyst Ratings Changes

A number of research firms have recently commented on PLCE. UBS Group cut their price target on shares of Children’s Place from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. StockNews.com lowered Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Children’s Place presently has a consensus rating of “Hold” and an average target price of $11.00.

About Children’s Place

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.