Children’s Place (NASDAQ:PLCE) Releases Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Children’s Place (NASDAQ:PLCE) issued its quarterly earnings results on Wednesday. The company reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.05) by ($0.13), Briefing.com reports. The business had revenue of $267.88 million for the quarter, compared to the consensus estimate of $327.38 million. Children’s Place had a negative return on equity of 143.79% and a negative net margin of 10.56%. Children’s Place’s revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the business posted ($2.12) earnings per share.

Children’s Place Trading Down 6.0 %

NASDAQ PLCE opened at $8.27 on Friday. The company’s 50-day simple moving average is $9.81 and its two-hundred day simple moving average is $16.26. Children’s Place has a one year low of $6.58 and a one year high of $38.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.73 and a quick ratio of 0.15.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLCE. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 target price on shares of Children’s Place in a research report on Wednesday, May 22nd. B. Riley raised shares of Children’s Place from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $12.00 to $7.00 in a research report on Wednesday, April 24th. UBS Group decreased their price target on shares of Children’s Place from $24.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, StockNews.com raised Children’s Place from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.50.

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.