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

Children’s Place (NASDAQ:PLCE) posted its earnings results on Friday. The company reported ($1.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($1.44), RTT News reports. Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. The business had revenue of $242.13 million during the quarter, compared to analyst estimates of $313.85 million.

Children’s Place Price Performance

Shares of Children’s Place stock opened at $6.86 on Friday. The firm has a market cap of $87.71 million, a price-to-earnings ratio of -0.48 and a beta of 1.81. The stock’s 50-day moving average is $6.07 and its 200-day moving average is $8.88. Children’s Place has a one year low of $4.77 and a one year high of $19.74.

Analyst Ratings Changes

A number of research analysts have issued reports on PLCE shares. UBS Group decreased their target price on Children’s Place from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Wall Street Zen raised Children’s Place from a “sell” rating to a “hold” rating in a research note on Friday.

Institutional Trading of Children’s Place

An institutional investor recently raised its position in Children’s Place stock. Goldman Sachs Group Inc. grew its position in The Children’s Place, Inc. (NASDAQ:PLCE) by 145.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,419 shares of the company’s stock after purchasing an additional 28,075 shares during the period. Goldman Sachs Group Inc. owned approximately 0.37% of Children’s Place worth $414,000 at the end of the most recent quarter.

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.