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

Children’s Place (NASDAQ:PLCE) posted its quarterly earnings results on Tuesday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.89), FiscalAI reports. The business had revenue of $339.47 million for the quarter, compared to analyst estimates of $370.29 million.

Children’s Place Price Performance

Shares of Children’s Place stock traded up $0.11 on Tuesday, reaching $7.35. The company’s stock had a trading volume of 636,425 shares, compared to its average volume of 598,734. The company has a market capitalization of $162.93 million, a P/E ratio of -8.55 and a beta of 1.84. The stock has a 50-day moving average price of $7.81 and a 200-day moving average price of $6.18. The company has a quick ratio of 0.17, a current ratio of 0.93 and a debt-to-equity ratio of 75.63. Children’s Place has a 52-week low of $3.66 and a 52-week high of $12.62.

Analyst Ratings Changes

A number of equities analysts have issued reports on PLCE shares. UBS Group raised their price target on shares of Children’s Place from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Children’s Place in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Children’s Place presently has an average rating of “Reduce” and a consensus price target of $8.00.

Insider Activity

In related news, CEO Muhammad Umair purchased 7,143 shares of the company’s stock in a transaction dated Wednesday, October 8th. The stock was acquired at an average cost of $7.00 per share, for a total transaction of $50,001.00. Following the completion of the transaction, the chief executive officer directly owned 277,667 shares of the company’s stock, valued at approximately $1,943,669. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of Children’s Place

Hedge funds have recently made changes to their positions in the company. Prelude Capital Management LLC acquired a new position in Children’s Place during the 3rd quarter worth approximately $99,000. Two Sigma Investments LP purchased a new stake in Children’s Place during the third quarter worth about $166,000. Quantbot Technologies LP acquired a new position in shares of Children’s Place during the 3rd quarter worth $168,000. Bank of America Corp DE raised its holdings in shares of Children’s Place by 372.8% in the second quarter. Bank of America Corp DE now owns 39,897 shares of the company’s stock worth $177,000 after acquiring an additional 31,458 shares during the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in shares of Children’s Place during the second quarter worth $178,000.

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.