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

Children’s Place (NASDAQ:PLCE) posted its quarterly earnings results on Tuesday. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.59), RTT News reports. Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same period in the prior year, the firm earned $3.22 EPS.

Children’s Place Trading Down 4.9 %

Shares of PLCE opened at $11.66 on Thursday. Children’s Place has a 12 month low of $4.77 and a 12 month high of $38.03. The stock has a fifty day moving average price of $14.10 and a 200-day moving average price of $10.75.

Analyst Ratings Changes

PLCE has been the topic of several research reports. StockNews.com cut Children’s Place from a “hold” rating to a “sell” rating in a report 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 report on Monday, November 18th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.