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.

Children's Place Stock Down 0.5 %

Shares of Children's Place stock traded down $0.27 during trading on Monday, hitting $48.98. The company's stock had a trading volume of 1,324 shares, compared to its average volume of 480,846. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.19 and a current ratio of 0.96. The company has a fifty day simple moving average of $43.60 and a two-hundred day simple moving average of $50.53. The company has a market capitalization of $645.26 million, a PE ratio of 4.47 and a beta of 1.97. Children's Place has a 52 week low of $36.97 and a 52 week high of $113.50.

Children's Place (NASDAQ:PLCE - Get Rating) last released its quarterly earnings data on Thursday, May 19th. The company reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.66 by ($0.61). The firm 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 for the quarter was down 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.25 earnings per share. Equities research analysts predict that Children's Place will post 10.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup lowered shares of Children's Place from a "neutral" rating to a "sell" rating and reduced their target price for the company from $48.00 to $36.00 in a report on Monday, May 23rd. StockNews.com cut shares of Children's Place from a "buy" rating to a "hold" rating in a research report on Wednesday, May 18th. Telsey Advisory Group dropped their target price on shares of 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. B. Riley dropped their target price on shares of 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. Finally, UBS Group dropped their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $73.60.

Insider Buying and Selling at Children's Place

In related news, Director John E. Bachman purchased 1,500 shares of Children's Place stock in a transaction dated Wednesday, June 29th. The stock was purchased 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 directly owns 20,182 shares of the company's stock, valued at approximately $777,007. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.57% of the stock is owned by company insiders.