Stocks of The Children’s Place Inc. (NASDAQ:PLCE) traded higher last session on Wall Street, down -6.27% to $38.60.
According to the data, The Children’s Place Inc. (NASDAQ:PLCE) has 3 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $45.00, we find $46.00. Given the previous closing price of $41.18, this indicates a potential upside of 11.7 percent. PLCE stock price is now -7.61% away from the 50-day moving average and -5.31% away from the 200-day moving average. The market capitalization of the company currently stands at $477.48M.
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A total of 2 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $47.00 as their price target over the next twelve months.
With the price target reduced from $50 to $46, Telsey Advisory Group Downgraded its rating from Outperform to Market Perform for The Children’s Place Inc. (NASDAQ: PLCE). On August 18, 2022, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $70 to quote $65, while ‘B. Riley Securities’ rates the stock as ‘Buy’.
In other news, BACHMAN JOHN E., Director bought 1,500 shares of the company’s stock on Jun 29. The stock was bought for $57,750 at an average price of $38.50. Upon completion of the transaction, the Director now directly owns 20,182 shares in the company, valued at $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Director ALUTTO JOSEPH A sold 6,115 shares of the business’s stock. A total of $296,578 was realized by selling the stock at an average price of $48.50. This leaves the insider owning 37,899 shares of the company worth $1.46 million. Insiders disposed of 64,247 shares of company stock worth roughly $2.48 million over the past 1 year. A total of 2.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PLCE stock. A new stake in The Children’s Place Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $21,508,000. EVR RESEARCH LP invested $4,246,000 in shares of PLCE during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in The Children’s Place Inc. valued at approximately $4,094,000. MAN GROUP PLC acquired a new stake in PLCE for approximately $1,106,000. ERGOTELES LLC purchased a new stake in PLCE valued at around $824,000 in the second quarter. In total, there are 244 active investors with 95.00% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $40.87 for The Children’s Place Inc. (NASDAQ: PLCE). During the past 12 months, The Children’s Place Inc. has had a low of $29.20 and a high of $57.00. As of last week, the company has a debt-to-equity ratio of 1.48, a current ratio of 1.00, and a quick ratio of 0.20. The fifty day moving average price for PLCE is $41.78 and a two-hundred day moving average price translates $40.77 for the stock.
The latest earnings results from The Children’s Place Inc. (NASDAQ: PLCE) was released for Oct, 2022. According to the Apparel Retail Company, earnings per share came in at $3.33, missing analysts’ expectations of $3.73 by -0.4. This compares to $5.30 EPS in the same period last year. The net profit margin was 5.00% and return on equity was 42.30% for PLCE. The company reported revenue of $509.12 million for the quarter, compared to $558.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.8 percent. For the current quarter, analysts expect PLCE to generate $455.33M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/27/2019. Investors who held shares on 12/16/2019 were paid a $0.56 dividend.
The Children’s Place Inc.(PLCE) Company Profile
The Children’s Place, Inc. operates as a children’s specialty apparel retailer. The company operates in two segments, The Children’s Place U.S. and The Children’s Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children’s Place, Place, Baby Place, Gymboree, and Sugar & Jade brand names. The company was formerly known as The Children’s Place Retail Stores, Inc. and changed its name to The Children’s Place, Inc. in June 2014. The Children’s Place, Inc. was founded in 1969 and is headquartered in Secaucus, New Jersey.
