Children's Place - PLCE Stock Forecast, Price & News

The Children's Place, Inc. operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, and Sugar & Jade brand names. As of January 29, 2022, the company had 672 stores in the United States, Canada, and Puerto Rico; online stores at childrensplace.com, gymboree.com, and sugarandjade.com; and seven international franchise partners operated 211 international points of distribution in 16 countries. The company was formerly known as The Children's Place Retail Stores, Inc. and changed its name to The Children's Place, Inc. in June 2014. The Children's Place, Inc. was founded in 1969 and is headquartered in Secaucus, New Jersey.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PLCE shares. Citigroup cut Children's Place from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $48.00 to $36.00 in a research report on Monday, May 23rd. UBS Group reduced their target price on Children's Place from $56.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, July 15th. StockNews.com cut Children's Place from a "buy" rating to a "hold" rating in a research report on Wednesday, May 18th. Telsey Advisory Group reduced their target price on Children's Place from $80.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, May 20th. Finally, B. Riley reduced their target price on Children's Place from $105.00 to $84.00 and set a "na" rating for the company in a research report on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $73.60.

Children's Place Price Performance

Shares of NASDAQ:PLCE traded up $0.41 during midday trading on Friday, reaching $49.25. 263,352 shares of the company traded hands, compared to its average volume of 480,846. The firm has a market cap of $648.82 million, a PE ratio of 4.47 and a beta of 1.97. The stock's 50-day simple moving average is $43.60 and its 200-day simple moving average is $50.81. Children's Place has a 12 month low of $36.97 and a 12 month high of $113.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.19 and a current ratio of 0.96.

Children's Place (NASDAQ:PLCE - Get Rating) last issued its quarterly earnings data on Thursday, May 19th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.66 by ($0.61). The company had revenue of $362.40 million for the quarter, compared to the consensus estimate of $401.59 million. Children's Place had a net margin of 8.78% and a return on equity of 79.55%. The firm's revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.25 earnings per share. As a group, equities analysts anticipate that Children's Place will post 10.05 earnings per share for the current fiscal year.

Insider Activity

In other Children's Place news, Director John E. Bachman bought 1,500 shares of the stock in a transaction dated Wednesday, June 29th. The stock was bought at an average cost of $38.50 per share, for a total transaction of $57,750.00. Following the completion of the purchase, the director now owns 20,182 shares in the company, valued at approximately $777,007. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is currently owned by corporate insiders.