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

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

Children’s Place Stock Performance

Children’s Place stock opened at $1.90 on Wednesday. Children’s Place has a fifty-two week low of $1.82 and a fifty-two week high of $9.56. The firm’s 50-day simple moving average is $2.61 and its 200 day simple moving average is $3.15. The stock has a market cap of $42.26 million, a PE ratio of -0.32 and a beta of 1.97.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLCE. UBS Group cut their price target on shares of Children’s Place from $4.00 to $3.25 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Children’s Place in a research report on Thursday, July 2nd. One research 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, the company currently has an average rating of “Reduce” and a consensus 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.