Children's Place (NASDAQ:PLCE) Announces Quarterly Earnings Results, Misses Expectations By $1.44 EPS

Children's Place (NASDAQ:PLCE - Get Free Report) announced its earnings results on Friday. The company reported ($1.52) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($1.44), RTT News reports. The business had revenue of $242.13 million for the quarter, compared to analysts' expectations of $313.85 million. Children's Place had a negative return on equity of 4,732.98% and a negative net margin of 12.47%.

Children's Place Trading Down 32.2%

PLCE traded down $2.21 during midday trading on Monday, hitting $4.65. 5,964,181 shares of the company were exchanged, compared to its average volume of 999,899. The company's 50 day simple moving average is $5.97 and its 200 day simple moving average is $8.75. The firm has a market capitalization of $59.45 million, a price-to-earnings ratio of -0.33 and a beta of 1.81. Children's Place has a 1-year low of $4.62 and a 1-year high of $19.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen raised Children's Place from a "sell" rating to a "hold" rating in a research report on Friday. UBS Group cut their price target on Children's Place from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday.

Institutional Investors Weigh In On Children's Place

A hedge fund recently raised its stake in Children's Place stock. Goldman Sachs Group Inc. increased its holdings in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 145.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,419 shares of the company's stock after acquiring 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 SEC filing.

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.