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

Children’s Place (NASDAQ:PLCE – Get Rating) announced its quarterly earnings results on Thursday. The company reported ($3.87) EPS for the quarter, beating the consensus estimate of ($4.18) by $0.31, Briefing.com reports. The business had revenue of $456.10 million for the quarter, compared to analyst estimates of $455.34 million. Children’s Place had a return on equity of 43.35% and a net margin of 5.02%. Children’s Place’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.02 EPS.

Children’s Place Price Performance

Children’s Place stock traded down $0.55 on Friday, reaching $38.05. The company’s stock had a trading volume of 1,634,646 shares, compared to its average volume of 444,758. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a current ratio of 0.97. The company has a market cap of $465.35 million, a price-to-earnings ratio of 5.98 and a beta of 2.00. The business’s fifty day moving average price is $42.11 and its 200 day moving average price is $39.05. Children’s Place has a twelve month low of $29.20 and a twelve month high of $57.00.

Hedge Funds Weigh In On Children’s Place

Institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors lifted its stake in shares of Children’s Place by 25.5% during the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $43,000 after acquiring an additional 226 shares during the period. State of Wyoming lifted its stake in shares of Children’s Place by 45.7% during the fourth quarter. State of Wyoming now owns 858 shares of the company’s stock valued at $31,000 after acquiring an additional 269 shares during the period. Legal & General Group Plc lifted its stake in shares of Children’s Place by 1.1% during the fourth 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 during the period. Royal Bank of Canada lifted its stake in shares of Children’s Place by 17.0% during the first 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 during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Children’s Place by 51.7% during the fourth 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 during the period. Institutional investors and hedge funds own 98.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on PLCE shares. StockNews.com started coverage on Children’s Place in a research note on Thursday. They issued a “hold” rating on the stock. Telsey Advisory Group decreased their price target on Children’s Place from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Friday. TheStreet lowered Children’s Place from a “c” rating to a “d+” rating in a research note on Thursday. Finally, Monness Crespi & Hardt reduced their price objective on Children’s Place to $50.00 in a research note on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.