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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Children's Place in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PLCE shares.
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4 Wall Street analysts have issued 1 year price objectives for Children's Place's stock. Their PLCE share price forecasts range from $20.00 to $45.00. On average, they anticipate the company's stock price to reach $30.75 in the next year. This suggests a possible upside of 13.5% from the stock's current price.
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Children's Place's stock was trading at $36.42 at the start of the year. Since then, PLCE stock has decreased by 25.6% and is now trading at $27.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
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The Children's Place, Inc. (NASDAQ:PLCE) released its earnings results on Thursday, August, 17th. The company reported ($2.12) earnings per share for the quarter, beating the consensus estimate of ($2.13) by $0.01. The company had revenue of $345.60 million for the quarter, compared to analysts' expectations of $342.20 million. Children's Place had a negative trailing twelve-month return on equity of 37.87% and a negative net margin of 4.40%. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.89) EPS.

Children's Place issued an update on its third quarter 2023 earnings guidance on Thursday, August, 17th. The company provided EPS guidance of $3.55-$3.65 for the period, compared to the consensus estimate of $3.67. The company issued revenue guidance of $470.00 million-$475.00 million, compared to the consensus revenue estimate of $466.39 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 many different retail and institutional investors. Top institutional investors include Franklin Resources Inc. (10.43%), BlackRock Inc. (7.45%), Royal Bank of Canada (0.00%), Dimensional Fund Advisors LP (3.17%), Meros Investment Management LP (2.89%) and State Street Corp (2.22%). Insiders that own company stock include Claudia Lima-Guinehut, 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 $27.09.

Children's Place (NASDAQ:PLCE) has a market capitalization of $338.08 million and generates $1.71 billion in revenue each year. The company earns $-1,140,000.00 in net income (profit) each year or ($5.99) 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.