The Children’s Place, Inc. to Post Q1 2024 Earnings of $1.15 Per Share, Telsey Advisory Group Forecasts (NASDAQ:PLCE)

The Children’s Place, Inc. (NASDAQ:PLCEGet Rating) – Investment analysts at Telsey Advisory Group cut their Q1 2024 earnings per share estimates for Children’s Place in a research report issued on Friday, November 18th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings of $1.15 per share for the quarter, down from their previous estimate of $1.21. Telsey Advisory Group has a “Outperform” rating and a $50.00 price objective on the stock. The consensus estimate for Children’s Place’s current full-year earnings is $4.18 per share. Telsey Advisory Group also issued estimates for Children’s Place’s Q3 2024 earnings at $3.96 EPS.

Several other brokerages also recently commented on PLCE. UBS Group lowered their target price on Children’s Place from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Tuesday, November 15th. B. Riley lowered their target price on Children’s Place from $84.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, August 16th. Finally, StockNews.com initiated coverage on Children’s Place in a research note on Wednesday, October 12th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.50.

Children’s Place Stock Up 2.5 %

Shares of NASDAQ PLCE opened at $39.89 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.17 and a debt-to-equity ratio of 0.23. The company has a market cap of $519.69 million, a price-to-earnings ratio of 6.27 and a beta of 2.07. Children’s Place has a 12 month low of $29.20 and a 12 month high of $113.47. The stock has a 50-day moving average price of $37.23 and a two-hundred day moving average price of $41.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alpha Paradigm Partners LLC bought a new stake in Children’s Place in the third quarter valued at approximately $49,000. Neuberger Berman Group LLC boosted its holdings in Children’s Place by 4.7% in the third quarter. Neuberger Berman Group LLC now owns 636,800 shares of the company’s stock valued at $19,689,000 after acquiring an additional 28,620 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Children’s Place by 7.7% in the third quarter. Thrivent Financial for Lutherans now owns 13,618 shares of the company’s stock valued at $421,000 after acquiring an additional 972 shares during the last quarter. Twinbeech Capital LP boosted its holdings in Children’s Place by 58.5% in the third quarter. Twinbeech Capital LP now owns 35,294 shares of the company’s stock valued at $1,090,000 after acquiring an additional 13,032 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new stake in Children’s Place in the third quarter valued at approximately $274,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

About Children’s Place

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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.

Further Reading

Earnings History and Estimates for Children's Place (NASDAQ:PLCE)

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