Children’s Place (NASDAQ:PLCE) Announces Quarterly Earnings Results

Children’s Place (NASDAQ:PLCE) issued its earnings results on Wednesday. The company reported $0.30 EPS for the quarter, topping the consensus estimate of ($1.10) by $1.40, Yahoo Finance reports. Children’s Place had a negative return on equity of 233.44% and a negative net margin of 10.56%.

Children’s Place Stock Performance

PLCE opened at $9.10 on Thursday. Children’s Place has a fifty-two week low of $4.77 and a fifty-two week high of $38.03. The firm has a 50-day moving average of $7.07 and a 200 day moving average of $9.61. The firm has a market cap of $115.64 million, a P/E ratio of -0.70 and a beta of 2.15.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $9.00 price objective on shares of Children’s Place in a research note on Wednesday, May 22nd. StockNews.com lowered shares of Children’s Place from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Finally, UBS Group decreased their target price on shares of Children’s Place from $24.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Children’s Place currently has an average rating of “Hold” and a consensus target price of $14.50.

Children’s Place Company Profile

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.