Children’s Place (PLCE) Set to Announce Quarterly Earnings on Thursday

Children’s Place (NASDAQ:PLCEGet Free Report) will be announcing its earnings results on Thursday, April 4th.

Children’s Place Stock Performance

Shares of PLCE opened at $10.29 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.19 and a current ratio of 0.85. Children’s Place has a twelve month low of $8.30 and a twelve month high of $41.91. The firm’s 50 day moving average price is $17.75 and its two-hundred day moving average price is $21.82. The firm has a market cap of $128.42 million, a P/E ratio of -1.66 and a beta of 1.98.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Telsey Advisory Group dropped their price target on shares of Children’s Place from $24.00 to $13.00 and set a “market perform” rating on the stock in a research report on Monday, February 12th. B. Riley lowered shares of Children’s Place from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $19.00 to $4.00 in a research report on Tuesday, February 13th. StockNews.com lowered shares of Children’s Place from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Monness Crespi & Hardt lowered shares of Children’s Place from a “buy” rating to a “neutral” rating in a research report on Friday, February 9th.

View Our Latest Report on Children’s Place

Insider Buying and Selling

In related news, major shareholder Mithaq Capital Spc bought 1,849,397 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $11.02 per share, with a total value of $20,380,354.94. Following the completion of the acquisition, the insider now owns 3,097,268 shares of the company’s stock, valued at $34,131,893.36. The purchase was disclosed in a document filed with the SEC, which is available through this link. 4.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PLCE. Advisor Group Holdings Inc. raised its holdings in Children’s Place by 426.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,505 shares of the company’s stock valued at $271,000 after buying an additional 4,459 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Children’s Place by 35.3% in the 1st quarter. JPMorgan Chase & Co. now owns 44,948 shares of the company’s stock valued at $2,216,000 after buying an additional 11,734 shares during the last quarter. American Century Companies Inc. raised its holdings in Children’s Place by 72.5% in the 1st quarter. American Century Companies Inc. now owns 47,008 shares of the company’s stock valued at $2,317,000 after buying an additional 19,761 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Children’s Place by 54.9% in the 1st quarter. MetLife Investment Management LLC now owns 8,398 shares of the company’s stock valued at $414,000 after buying an additional 2,976 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Children’s Place by 8.2% in the 1st quarter. Rhumbline Advisers now owns 34,539 shares of the company’s stock valued at $1,703,000 after buying an additional 2,618 shares during the last quarter.

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.

See Also

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

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