The Children's Place, Inc. (NASDAQ:PLCE - Free Report) - Stock analysts at B. Riley raised their FY2024 earnings estimates for Children's Place in a report released on Wednesday, April 24th. B. Riley analyst J. Lick now forecasts that the company will earn ($3.45) per share for the year, up from their prior estimate of ($3.47). B. Riley has a "Neutral" rating and a $7.00 price objective on the stock. The consensus estimate for Children's Place's current full-year earnings is ($3.50) per share. B. Riley also issued estimates for Children's Place's Q4 2024 earnings at ($2.56) EPS, Q1 2025 earnings at ($1.03) EPS, Q2 2025 earnings at ($1.26) EPS, Q4 2025 earnings at ($0.11) EPS, FY2025 earnings at $0.00 EPS, Q1 2026 earnings at ($0.34) EPS, Q2 2026 earnings at ($0.72) EPS, Q4 2026 earnings at $0.41 EPS and FY2026 earnings at $2.33 EPS.
PLCE has been the subject of several other research reports. Telsey Advisory Group lowered their price objective on shares of Children's Place from $24.00 to $13.00 and set a "market perform" rating for the company in a research note on Monday, February 12th. StockNews.com cut shares of Children's Place from a "hold" rating to a "sell" rating in a report on Tuesday, February 20th. Finally, Monness Crespi & Hardt lowered shares of Children's Place from a "buy" rating to a "neutral" rating in a research report on Friday, February 9th.
View Our Latest Research Report on PLCE
Children's Place Price Performance
Shares of NASDAQ PLCE traded up $0.24 during mid-day trading on Friday, reaching $7.09. The company's stock had a trading volume of 312,380 shares, compared to its average volume of 1,384,132. The stock has a 50-day moving average of $13.15 and a two-hundred day moving average of $19.69. The stock has a market capitalization of $88.48 million, a P/E ratio of -1.14 and a beta of 1.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.19 and a current ratio of 0.85. Children's Place has a 1-year low of $6.68 and a 1-year high of $38.03.
Institutional Investors Weigh In On Children's Place
Several institutional investors have recently made changes to their positions in PLCE. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Children's Place by 47.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,124 shares of the company's stock valued at $73,000 after acquiring an additional 999 shares during the period. Headlands Technologies LLC grew its holdings in shares of Children's Place by 26.6% during the fourth quarter. Headlands Technologies LLC now owns 3,584 shares of the company's stock worth $83,000 after buying an additional 753 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Children's Place by 2,016.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,550 shares of the company's stock valued at $106,000 after purchasing an additional 4,335 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Children's Place in the fourth quarter valued at approximately $137,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Children's Place in the third quarter valued at approximately $166,000.
Insider Activity at Children's Place
In related news, major shareholder Mithaq Capital Spc purchased 1,566,475 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $15.80 per share, with a total value of $24,750,305.00. Following the purchase, the insider now owns 4,663,743 shares of the company's stock, valued at approximately $73,687,139.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.80% of the company's stock.
About Children's Place
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The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.
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