Children’s Place (NASDAQ:PLCE – Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.82) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.93) by $0.11, Zacks reports. The business had revenue of $241.80 million for the quarter, compared to the consensus estimate of $268.48 million.
Children’s Place Stock Performance
Shares of PLCE traded up $0.04 during trading hours on Monday, hitting $2.47. 78,155 shares of the company were exchanged, compared to its average volume of 362,905. The company has a market cap of $54.93 million, a PE ratio of -0.51 and a beta of 1.97. The firm’s 50 day moving average is $2.65 and its 200-day moving average is $3.18. Children’s Place has a 52 week low of $2.04 and a 52 week high of $9.56.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Children’s Place in a report on Thursday, July 2nd. UBS Group lowered their price objective on shares of Children’s Place from $4.00 to $3.25 and set a “neutral” rating on the stock in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $3.25.
About Children’s Place
The Children’s Place, Inc (NASDAQ: PLCE) is a leading specialty retailer of children’s apparel, footwear and accessories, operating an omnichannel platform that serves families across North America. Headquartered in Secaucus, New Jersey, the company combines an extensive network of brick-and-mortar stores with a full-service e-commerce site to deliver a wide range of private-label products for newborns, toddlers and kids up to pre-teen. By focusing on value-priced, fashion-forward merchandise, The Children’s Place has built a recognizable brand in the youth apparel market.
The company’s product portfolio encompasses core categories such as tops, bottoms, sleepwear and outerwear, along with footwear and seasonal accessories.
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