Children’s Place (NASDAQ:PLCE – Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.82) EPS for the quarter, beating analysts’ consensus estimates of ($0.93) by $0.11, Zacks reports. The company had revenue of $241.80 million during the quarter, compared to the consensus estimate of $268.48 million.
Children’s Place Price Performance
Shares of PLCE traded up $0.04 during trading hours on Monday, hitting $2.47. The stock had a trading volume of 78,155 shares, compared to its average volume of 362,905. The firm has a 50 day simple moving average of $2.65 and a 200-day simple moving average of $3.18. The firm has a market capitalization of $54.93 million, a P/E ratio of -0.51 and a beta of 1.97. Children’s Place has a 1-year low of $2.04 and a 1-year high of $9.56.
Analyst Ratings Changes
A number of research firms have weighed in on PLCE. UBS Group decreased their target price on shares of Children’s Place from $4.00 to $3.25 and set a “neutral” rating for the company in a research report on Wednesday, September 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Children’s Place in a research note on Thursday, July 2nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target 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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