Children’s Place (NASDAQ:PLCE) Issues Earnings Results, Misses Estimates By $0.95 EPS

Children’s Place (NASDAQ:PLCE) announced its quarterly earnings data on Friday. The company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.95), Zacks reports. Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. The company had revenue of $380.91 million for the quarter, compared to analysts’ expectations of $374.32 million. During the same quarter in the previous year, the firm posted ($7.38) EPS.

Children’s Place Price Performance

Children’s Place stock opened at $6.78 on Friday. Children’s Place has a one year low of $4.77 and a one year high of $19.74. The business’s fifty day moving average is $8.44 and its 200 day moving average is $11.07. The stock has a market capitalization of $86.68 million, a PE ratio of -0.48 and a beta of 2.03.

Analysts Set New Price Targets

Separately, UBS Group dropped their price target on shares of Children’s Place from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th.

About Children’s Place

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.