Children's Place (PLCE) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Children's Place in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PLCE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PLCE, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued twelve-month price targets for Children's Place's shares. Their PLCE share price forecasts range from $20.00 to $50.00. On average, they anticipate the company's share price to reach $41.00 in the next year. This suggests a possible upside of 129.8% from the stock's current price.
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Children's Place's stock was trading at $36.42 on January 1st, 2023. Since then, PLCE stock has decreased by 51.0% and is now trading at $17.84.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
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The Children's Place, Inc. (NASDAQ:PLCE) announced its earnings results on Wednesday, May, 24th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.77) by $0.23. The company earned $321.60 million during the quarter, compared to analyst estimates of $338.46 million. Children's Place had a negative trailing twelve-month return on equity of 23.70% and a negative net margin of 2.99%. Children's Place's revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share.

ETFs with the largest weight of Children's Place (NASDAQ:PLCE) stock in their portfolio include SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), Nuveen Small Cap Select ETF (NSCS), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Royce Quant Small-Cap Quality Value ETF (SQLV), Invesco S&P SmallCap Quality ETF (XSHQ) and Invesco S&P SmallCap Consumer Discretionary ETF (PSCD).

Children's Place updated its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of -$2.20--$2.15 for the period, compared to the consensus earnings per share estimate of -$1.56. The company issued revenue guidance of $340.00 million-$345.00 million, compared to the consensus revenue estimate of $358.28 million.

815 employees have rated Children's Place Chief Executive Officer Jane Elfers on Glassdoor.com. Jane Elfers has an approval rating of 56% among the company's employees. This puts Jane Elfers in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Children's Place investors own include Energy Transfer (ET), Boeing (BA), NVIDIA (NVDA), AT&T (T), Alibaba Group (BABA), Coty (COTY), Broadcom (AVGO), Exxon Mobil (XOM), Walt Disney (DIS) and Marathon Petroleum (MPC).

Children's Place trades on the NASDAQ under the ticker symbol "PLCE."

Children's Place's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.12%), Franklin Resources Inc. (10.51%), State Street Corp (4.90%), Dimensional Fund Advisors LP (4.56%), Balyasny Asset Management L.P. (4.27%) and Fund 1 Investments LLC (3.72%). Insiders that own company stock include Claudia Lima-Guinehut, Elizabeth J Boland, Jane T Elfers, John E Bachman, Joseph A Alutto, Leah Swan, Marla Malcolm Beck and Robert F Helm.
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Shares of PLCE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PLCE stock can currently be purchased for approximately $17.84.

Children's Place (NASDAQ:PLCE) has a market capitalization of $222.64 million and generates $1.71 billion in revenue each year. The company earns $-1,140,000.00 in net income (profit) each year or ($4.18) on an earnings per share basis.

The company employs 11,300 workers across the globe.

Children's Place's mailing address is 500 Plaza Drive, Secaucus NJ, 07094. The official website for the company is www.childrensplace.com. The company can be reached via phone at (201) 558-2400, via email at investor_relations@childrensplace.com, or via fax at 201-227-0321.