Children's Place (NASDAQ:PLCE - Get Free Report) announced its quarterly earnings data on Friday. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.86) by ($1.00), Zacks reports. The business had revenue of $329.23 million for the quarter, compared to analysts' expectations of $366.60 million.
Children's Place Stock Up 10.3%
Shares of PLCE opened at $3.97 on Friday. The stock has a market capitalization of $88.01 million, a P/E ratio of -0.99 and a beta of 2.01. The company has a 50 day moving average of $3.81 and a 200-day moving average of $5.53. Children's Place has a twelve month low of $2.95 and a twelve month high of $9.56.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. UBS Group reiterated a "neutral" rating on shares of Children's Place in a report on Wednesday, March 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Children's Place in a report on Friday, January 9th. One research 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, Children's Place has an average rating of "Reduce" and a consensus price target of $4.50.
View Our Latest Research Report on Children's Place
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP lifted its stake in Children's Place by 2,181.2% in the fourth quarter. Marshall Wace LLP now owns 297,921 shares of the company's stock valued at $1,186,000 after buying an additional 284,861 shares during the period. Shay Capital LLC increased its stake in shares of Children's Place by 897.1% in the 2nd quarter. Shay Capital LLC now owns 308,322 shares of the company's stock valued at $1,366,000 after acquiring an additional 277,401 shares in the last quarter. 683 Capital Management LLC acquired a new position in shares of Children's Place during the 4th quarter valued at $315,000. Bank of America Corp DE lifted its position in shares of Children's Place by 147.8% during the 3rd quarter. Bank of America Corp DE now owns 98,851 shares of the company's stock valued at $614,000 after acquiring an additional 58,954 shares during the period. Finally, Prentice Capital Management LP acquired a new stake in Children's Place in the third quarter worth $358,000.
About Children's Place
(
Get Free Report)
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.
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