Children’s Place (NASDAQ:PLCE) Updates Q4 Earnings Guidance

Children’s Place (NASDAQ:PLCEGet Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.25-0.45 for the period, compared to the consensus earnings per share estimate of $1.39. The company issued revenue guidance of $460-465 million, compared to the consensus revenue estimate of $436.47 million.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of Children’s Place from a hold rating to a sell rating in a research report on Tuesday, October 24th. Monness Crespi & Hardt increased their target price on shares of Children’s Place from $30.00 to $36.00 and gave the stock a buy rating in a research report on Friday, August 18th. Telsey Advisory Group reaffirmed a market perform rating and issued a $31.00 price objective on shares of Children’s Place in a research report on Wednesday. Finally, B. Riley increased their price objective on shares of Children’s Place from $43.00 to $45.00 and gave the company a buy rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $33.00.

Read Our Latest Analysis on Children’s Place

Children’s Place Stock Up 6.5 %

Shares of NASDAQ:PLCE opened at $28.56 on Thursday. The company has a quick ratio of 0.15, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. Children’s Place has a 52-week low of $14.27 and a 52-week high of $48.88. The company has a 50 day moving average of $25.90 and a two-hundred day moving average of $25.17. The company has a market capitalization of $356.43 million, a price-to-earnings ratio of -4.77 and a beta of 2.27.

Children’s Place (NASDAQ:PLCEGet Free Report) last issued its quarterly earnings data on Thursday, August 17th. The company reported ($2.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.13) by $0.01. Children’s Place had a negative net margin of 4.40% and a negative return on equity of 37.87%. The company had revenue of $345.60 million during the quarter, compared to the consensus estimate of $342.20 million. During the same quarter last year, the company earned ($0.89) earnings per share. Children’s Place’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, analysts forecast that Children’s Place will post 0.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Children’s Place

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Wyoming boosted its stake in shares of Children’s Place by 45.7% during the 4th quarter. State of Wyoming now owns 858 shares of the company’s stock valued at $31,000 after buying an additional 269 shares during the last quarter. Western Standard LLC purchased a new position in shares of Children’s Place during the 4th quarter valued at approximately $40,000. PNC Financial Services Group Inc. boosted its stake in shares of Children’s Place by 51.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,171 shares of the company’s stock valued at $43,000 after buying an additional 399 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Children’s Place by 25.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $43,000 after buying an additional 226 shares during the last quarter. Finally, Alpha Paradigm Partners LLC purchased a new position in shares of Children’s Place during the 3rd quarter valued at approximately $49,000. 94.47% of the stock is currently owned by hedge funds and other institutional investors.

Children’s Place Company Profile

(Get Free Report)

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.

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

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