Children’s Place (NASDAQ:PLCE) Announces Earnings Results

Children’s Place (NASDAQ:PLCE) released its quarterly earnings results on Friday. The company reported ($2.00) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.15) by $0.15, Zacks reports. The firm had revenue of $215.23 million for the quarter, compared to analyst estimates of $198.32 million.

Children’s Place Stock Performance

PLCE opened at $3.48 on Friday. The firm has a 50 day moving average price of $3.45 and a 200 day moving average price of $4.28. The company has a market cap of $77.29 million, a PE ratio of -0.87 and a beta of 1.90. Children’s Place has a 1 year low of $2.76 and a 1 year high of $9.56.

Institutional Trading of Children’s Place

Several large investors have recently bought and sold shares of PLCE. Goldman Sachs Group Inc. grew its position in Children’s Place by 145.1% in the first quarter. Goldman Sachs Group Inc. now owns 47,419 shares of the company’s stock valued at $414,000 after acquiring an additional 28,075 shares in the last quarter. Geode Capital Management LLC grew its position in Children’s Place by 3.8% in the second quarter. Geode Capital Management LLC now owns 154,654 shares of the company’s stock valued at $685,000 after acquiring an additional 5,630 shares in the last quarter. Murchinson Ltd. grew its position in Children’s Place by 96.9% in the second quarter. Murchinson Ltd. now owns 59,983 shares of the company’s stock valued at $266,000 after acquiring an additional 29,527 shares in the last quarter. Bank of America Corp DE grew its position in Children’s Place by 372.8% in the second quarter. Bank of America Corp DE now owns 39,897 shares of the company’s stock valued at $177,000 after acquiring an additional 31,458 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in Children’s Place in the second quarter valued at approximately $178,000.

Analysts Set New Price Targets

Separately, UBS Group boosted their target price on shares of Children’s Place from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $4.00.

Children’s Place Company Profile

The Children’s Place, Inc (NASDAQ: PLCE) is a leading specialty retailer of children’s apparel, footwear and accessories, operating an omnichannel platform that serves families across North America. Headquartered in Secaucus, New Jersey, the company combines an extensive network of brick-and-mortar stores with a full-service e-commerce site to deliver a wide range of private-label products for newborns, toddlers and kids up to pre-teen. By focusing on value-priced, fashion-forward merchandise, The Children’s Place has built a recognizable brand in the youth apparel market.

The company’s product portfolio encompasses core categories such as tops, bottoms, sleepwear and outerwear, along with footwear and seasonal accessories.