Children’s Place (NASDAQ:PLCE) Posts Earnings Results, Misses Estimates By $0.59 EPS

Children’s Place (NASDAQ:PLCE) issued its quarterly earnings data on Tuesday. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.63 by ($0.59), RTT News reports. Children’s Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%. During the same period in the previous year, the company earned $3.22 earnings per share.

Children’s Place Stock Performance

NASDAQ:PLCE traded down $3.90 on Tuesday, reaching $12.25. The stock had a trading volume of 1,390,176 shares, compared to its average volume of 1,426,739. The company has a 50-day moving average of $14.20 and a 200 day moving average of $10.75. Children’s Place has a 12-month low of $4.77 and a 12-month high of $38.03.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com lowered Children’s Place from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. UBS Group reduced their target price on Children’s Place from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.00.

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.