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

Children’s Place (NASDAQ:PLCE) posted its quarterly earnings results on Friday. The company reported ($2.00) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.15) by $0.15, Zacks reports. The company had revenue of $215.23 million during the quarter, compared to analyst estimates of $198.32 million.

Children’s Place Stock Performance

Shares of Children’s Place stock opened at $3.48 on Friday. The firm’s 50-day simple moving average is $3.45 and its 200-day simple moving average is $4.28. Children’s Place has a twelve month low of $2.76 and a twelve month high of $9.56. The firm has a market cap of $77.29 million, a P/E ratio of -0.87 and a beta of 1.90.

Analysts Set New Price Targets

Separately, UBS Group raised their price target on shares of Children’s Place from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Children’s Place presently has an average rating of “Reduce” and a consensus target price of $4.00.

Institutional Trading of Children’s Place

Several institutional investors have recently made changes to their positions in PLCE. Marshall Wace LLP boosted its position in shares of Children’s Place by 2,181.2% during the 4th quarter. Marshall Wace LLP now owns 297,921 shares of the company’s stock valued at $1,186,000 after acquiring an additional 284,861 shares in the last quarter. Shay Capital LLC boosted its position in shares of Children’s Place by 897.1% during the 2nd quarter. Shay Capital LLC now owns 308,322 shares of the company’s stock valued at $1,366,000 after acquiring an additional 277,401 shares in the last quarter. 683 Capital Management LLC acquired a new stake in shares of Children’s Place during the 4th quarter valued at about $315,000. Bank of America Corp DE boosted its position in shares of Children’s Place by 147.8% during the 3rd quarter. Bank of America Corp DE now owns 98,851 shares of the company’s stock valued at $614,000 after acquiring an additional 58,954 shares in the last quarter. Finally, Prentice Capital Management LP acquired a new stake in shares of Children’s Place during the 3rd quarter valued at about $358,000.

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.