Children’s Place (NASDAQ:PLCE) Posts Earnings Results, Beats Estimates By $0.11 EPS

Children’s Place (NASDAQ:PLCE) issued its quarterly earnings data on Monday. The company reported ($0.82) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.11, Zacks reports. The company had revenue of $241.80 million for the quarter, compared to the consensus estimate of $268.48 million.

Children’s Place Stock Up 1.6%

Shares of Children’s Place stock opened at $2.47 on Tuesday. Children’s Place has a twelve month low of $2.04 and a twelve month high of $9.56. The business has a 50-day moving average price of $2.63 and a 200-day moving average price of $3.17. The firm has a market cap of $54.93 million, a price-to-earnings ratio of -0.51 and a beta of 1.97.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PLCE shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Children’s Place in a report on Thursday, July 2nd. UBS Group decreased their price objective on shares of Children’s Place from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $3.25.

Children’s Place Company Profile

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.