Children’s Place (NASDAQ:PLCE) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

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

Children’s Place Stock Performance

Shares of PLCE opened at $3.48 on Friday. The company’s 50 day moving average price is $3.45 and its 200 day moving average price is $4.28. Children’s Place has a 52 week low of $2.76 and a 52 week high of $9.56. The company has a market capitalization of $77.29 million, a PE ratio of -0.72 and a beta of 1.90.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of Children’s Place during the 4th quarter worth $208,000. Invesco Ltd. raised its holdings in shares of Children’s Place by 8.5% during the 4th quarter. Invesco Ltd. now owns 68,004 shares of the company’s stock valued at $271,000 after purchasing an additional 5,313 shares in the last quarter. Prentice Capital Management LP lifted its stake in shares of Children’s Place by 21.5% in the 4th quarter. Prentice Capital Management LP now owns 70,124 shares of the company’s stock valued at $279,000 after purchasing an additional 12,427 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Children’s Place in the 4th quarter valued at $81,000. Finally, 683 Capital Management LLC bought a new stake in Children’s Place in the fourth quarter worth $315,000.

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.