Children’s Place (NASDAQ:PLCE) Posts Earnings Results, Beats Expectations By $1.40 EPS

Children’s Place (NASDAQ:PLCE) announced its quarterly earnings results on Wednesday. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates 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

NASDAQ:PLCE opened at $9.10 on Thursday. The firm has a market capitalization of $115.64 million, a PE ratio of -0.70 and a beta of 2.15. The stock’s fifty day moving average is $7.07 and its 200 day moving average is $9.61. Children’s Place has a fifty-two week low of $4.77 and a fifty-two week high of $38.03.

Analyst Ratings Changes

A number of research analysts have recently commented on PLCE shares. StockNews.com downgraded Children’s Place from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. UBS Group dropped their price objective on shares of Children’s Place from $24.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, June 11th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $9.00 target price on shares of Children’s Place in a report on Wednesday, May 22nd. 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.com, the company has an average rating of “Hold” and a consensus price target of $14.50.

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.