B. Riley Comments on The Children’s Place, Inc.’s FY2024 Earnings (NASDAQ:PLCE)

The Children’s Place, Inc. (NASDAQ:PLCE) – B. Riley raised their FY2024 EPS estimates for shares of Children’s Place in a research report issued on Wednesday, April 24th. B. Riley analyst J. Lick now forecasts that the company will post earnings of ($3.45) per share for the year, up from their previous estimate of ($3.47). B. Riley currently has a “Neutral” rating and a $7.00 target price on the stock. The consensus estimate for Children’s Place’s current full-year earnings is ($3.50) per share. B. Riley also issued estimates for Children’s Place’s Q4 2024 earnings at ($2.56) EPS, Q1 2025 earnings at ($1.03) EPS, Q2 2025 earnings at ($1.26) EPS, Q4 2025 earnings at ($0.11) EPS, FY2025 earnings at $0.00 EPS, Q1 2026 earnings at ($0.34) EPS, Q2 2026 earnings at ($0.72) EPS, Q4 2026 earnings at $0.41 EPS and FY2026 earnings at $2.33 EPS.

PLCE has been the topic of several other research reports. Monness Crespi & Hardt cut Children’s Place from a “buy” rating to a “neutral” rating in a research report on Friday, February 9th. Telsey Advisory Group cut their price target on Children’s Place from $24.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, February 12th. Finally, StockNews.com downgraded Children’s Place from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th.

Children’s Place Price Performance

PLCE stock opened at $7.09 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $88.46 million, a P/E ratio of -1.14 and a beta of 1.98. The business has a 50 day simple moving average of $13.15 and a 200-day simple moving average of $19.69. Children’s Place has a twelve month low of $6.68 and a twelve month high of $38.03.

Hedge Funds Weigh In On Children’s Place

A number of institutional investors have recently made changes to their positions in PLCE. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Children’s Place by 47.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,124 shares of the company’s stock worth $73,000 after buying an additional 999 shares in the last quarter. Headlands Technologies LLC grew its stake in Children’s Place by 26.6% in the 4th quarter. Headlands Technologies LLC now owns 3,584 shares of the company’s stock worth $83,000 after acquiring an additional 753 shares during the period. Tower Research Capital LLC TRC raised its holdings in Children’s Place by 2,016.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,550 shares of the company’s stock valued at $106,000 after acquiring an additional 4,335 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Children’s Place during the 4th quarter worth $137,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Children’s Place during the third quarter worth $166,000.

Insider Buying and Selling

In other news, major shareholder Mithaq Capital Spc purchased 1,566,475 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $15.80 per share, with a total value of $24,750,305.00. Following the purchase, the insider now directly owns 4,663,743 shares of the company’s stock, valued at approximately $73,687,139.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.80% of the stock is currently owned by insiders.

About Children’s Place

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.