Childrens Place Inc (NASDAQ:PLCE)’s share price fell 8% during mid-day trading on Wednesday . The stock traded as low as $76.15 and last traded at $76.28, 832,952 shares traded hands during mid-day trading. An increase of 19% from the average session volume of 698,980 shares. The stock had previously closed at $82.87.
Several research firms have recently issued reports on PLCE. Wedbush set a $130.00 price objective on shares of Childrens Place and gave the stock a “buy” rating in a research report on Friday, June 21st. B. Riley set a $122.00 price objective on shares of Childrens Place and gave the stock a “buy” rating in a research report on Tuesday, May 14th. ValuEngine downgraded shares of Childrens Place from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Telsey Advisory Group restated an “outperform” rating and issued a $126.00 target price (up from $100.00) on shares of Childrens Place in a research note on Monday, May 13th. Finally, DA Davidson assumed coverage on shares of Childrens Place in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $135.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $124.67.
The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.64 and a beta of 0.83. The company’s 50 day simple moving average is $93.77. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.79 and a quick ratio of 0.22.
Childrens Place (NASDAQ:PLCE) last announced its earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.89. The business had revenue of $412.40 million during the quarter, compared to the consensus estimate of $399.40 million. Childrens Place had a net margin of 3.86% and a return on equity of 27.26%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 earnings per share. Equities analysts expect that Childrens Place Inc will post 6.34 EPS for the current year.
In other news, SVP Claudia Lima-Guinehut sold 932 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $107.00, for a total value of $99,724.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in PLCE. FMR LLC boosted its stake in Childrens Place by 65.4% during the 1st quarter. FMR LLC now owns 2,115,024 shares of the company’s stock valued at $205,749,000 after acquiring an additional 836,154 shares during the last quarter. Vanguard Group Inc. boosted its stake in Childrens Place by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,648,768 shares of the company’s stock valued at $157,259,000 after acquiring an additional 9,423 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Childrens Place by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock valued at $68,708,000 after acquiring an additional 6,015 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in Childrens Place during the 1st quarter valued at $71,212,000. Finally, Royce & Associates LP boosted its stake in Childrens Place by 24.9% during the 1st quarter. Royce & Associates LP now owns 625,100 shares of the company’s stock valued at $60,810,000 after acquiring an additional 124,540 shares during the last quarter.
Childrens Place Company Profile (NASDAQ:PLCE)
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through 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, and Baby Place brand names.
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