Children’s Place (NASDAQ:PLCE) Posts Earnings Results, Beats Expectations By $0.31 EPS

Children’s Place (NASDAQ:PLCEGet Rating) posted its quarterly earnings results on Thursday. The company reported ($3.87) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.18) by $0.31, Briefing.com reports. Children’s Place had a net margin of 5.02% and a return on equity of 43.35%. The company had revenue of $456.10 million for the quarter, compared to the consensus estimate of $455.34 million. During the same period last year, the company posted $3.02 EPS. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year.

Children’s Place Trading Down 1.4 %

Children’s Place stock traded down $0.55 during mid-day trading on Friday, hitting $38.05. 1,634,646 shares of the stock were exchanged, compared to its average volume of 491,260. The company has a quick ratio of 0.17, a current ratio of 0.97 and a debt-to-equity ratio of 0.23. Children’s Place has a 12 month low of $29.20 and a 12 month high of $57.00. The firm’s fifty day simple moving average is $42.08 and its two-hundred day simple moving average is $39.08. The stock has a market capitalization of $465.35 million, a price-to-earnings ratio of 5.98 and a beta of 2.00.

Institutional Trading of Children’s Place

Several hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors increased its stake in shares of Children’s Place by 25.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $43,000 after acquiring an additional 226 shares in the last quarter. State of Wyoming increased its stake in shares of Children’s Place by 45.7% in the 4th quarter. State of Wyoming now owns 858 shares of the company’s stock valued at $31,000 after acquiring an additional 269 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Children’s Place by 1.1% in the 4th quarter. Legal & General Group Plc now owns 33,056 shares of the company’s stock valued at $1,204,000 after acquiring an additional 348 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Children’s Place by 17.0% in the 1st quarter. Royal Bank of Canada now owns 2,667 shares of the company’s stock valued at $132,000 after acquiring an additional 388 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Children’s Place by 51.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,171 shares of the company’s stock valued at $43,000 after acquiring an additional 399 shares in the last quarter. Institutional investors own 98.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Telsey Advisory Group dropped their price objective on shares of Children’s Place from $46.00 to $44.00 and set a “market perform” rating for the company in a report on Friday. Monness Crespi & Hardt dropped their price objective on shares of Children’s Place to $50.00 in a report on Monday, November 21st. TheStreet lowered shares of Children’s Place from a “c” rating to a “d+” rating in a report on Thursday. Finally, StockNews.com began coverage on shares of Children’s Place in a report on Thursday. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Children’s Place has an average rating of “Hold” and a consensus price target of $48.40.

Children’s Place Company Profile

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The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. The firm operates through the following segments: Children’s Place U.S.

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Earnings History for Children's Place (NASDAQ:PLCE)

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