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

Children’s Place (NASDAQ:PLCE) announced its earnings results on Tuesday. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.88), Zacks reports. The company had revenue of $339.47 million during the quarter, compared to the consensus estimate of $370.29 million.

Children’s Place Stock Performance

Shares of NASDAQ:PLCE traded down $2.80 during mid-day trading on Wednesday, reaching $4.55. 3,025,920 shares of the company traded hands, compared to its average volume of 610,117. The company’s 50 day moving average price is $7.80 and its 200-day moving average price is $6.19. The firm has a market cap of $100.81 million, a PE ratio of -5.33 and a beta of 1.84. Children’s Place has a 52 week low of $3.66 and a 52 week high of $11.99. The company has a debt-to-equity ratio of 75.63, a current ratio of 0.93 and a quick ratio of 0.17.

Analyst Upgrades and Downgrades

PLCE has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Children’s Place in a research report on Tuesday, October 14th. UBS Group boosted their target price on shares of Children’s Place from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $8.00.

Insider Buying and Selling at Children’s Place

In other Children’s Place news, CEO Muhammad Umair purchased 7,143 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were acquired at an average cost of $7.00 per share, with a total value of $50,001.00. Following the completion of the acquisition, the chief executive officer directly owned 277,667 shares in the company, valued at $1,943,669. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by insiders.

Institutional Trading of Children’s Place

Hedge funds have recently bought and sold shares of the stock. Shay Capital LLC grew its position in Children’s Place by 897.1% in the second quarter. Shay Capital LLC now owns 308,322 shares of the company’s stock worth $1,366,000 after acquiring an additional 277,401 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Children’s Place by 147.8% in the 3rd quarter. Bank of America Corp DE now owns 98,851 shares of the company’s stock valued at $614,000 after purchasing an additional 58,954 shares during the last quarter. Prentice Capital Management LP purchased a new position in shares of Children’s Place in the 3rd quarter worth approximately $358,000. Oxford Asset Management LLP bought a new position in shares of Children’s Place during the 2nd quarter valued at approximately $178,000. Finally, Murchinson Ltd. raised its holdings in Children’s Place by 96.9% during the 2nd quarter. Murchinson Ltd. now owns 59,983 shares of the company’s stock valued at $266,000 after buying an additional 29,527 shares during the period.

Children’s Place Company Profile

The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm 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. It operates through The Children’s Place U.S.