Children's Place (NASDAQ:PLCE - Get Free Report) released its earnings results on Friday. The company reported ($1.52) earnings per share for the quarter, RTT News reports. Children's Place had a negative return on equity of 4,732.98% and a negative net margin of 12.47%.
Children's Place Stock Up 4.1%
NASDAQ PLCE traded up $0.27 during trading on Friday, reaching $6.86. 955,980 shares of the stock traded hands, compared to its average volume of 416,381. Children's Place has a fifty-two week low of $4.77 and a fifty-two week high of $19.74. 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 price is $6.10 and its 200 day moving average price is $8.98.
Hedge Funds Weigh In On Children's Place
An institutional investor recently raised its position in Children's Place stock. Goldman Sachs Group Inc. boosted its stake in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 145.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 47,419 shares of the company's stock after buying an additional 28,075 shares during the period. Goldman Sachs Group Inc. owned approximately 0.37% of Children's Place worth $414,000 as of its most recent filing with the SEC.
Analyst Ratings Changes
Separately, UBS Group dropped their target price on shares of Children's Place from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th.
Get Our Latest Research Report on Children's Place
About Children's Place
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Children's Place, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Children's Place wasn't on the list.
While Children's Place currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
