The Children’s Place, Inc. (NASDAQ:PLCE – Get Rating) Director John E. Bachman purchased 1,500 shares of the stock in a transaction on Wednesday, June 29th. The shares were purchased at an average price of $38.50 per share, with a total value of $57,750.00. Following the acquisition, the director now directly owns 20,182 shares in the company, valued at $777,007. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of PLCE stock traded down $2.30 during mid-day trading on Wednesday, hitting $38.56. 333,257 shares of the stock were exchanged, compared to its average volume of 529,741. The stock’s fifty day simple moving average is $45.94 and its two-hundred day simple moving average is $57.87. The stock has a market capitalization of $507.99 million, a price-to-earnings ratio of 3.50 and a beta of 2.00. The Children’s Place, Inc. has a 12-month low of $36.97 and a 12-month high of $113.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.19 and a current ratio of 0.96.
Children’s Place (NASDAQ:PLCE – Get Rating) last issued its quarterly earnings data on Thursday, May 19th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.41). The firm had revenue of $362.40 million for the quarter, compared to analysts’ expectations of $401.59 million. Children’s Place had a return on equity of 79.55% and a net margin of 8.78%. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.25 EPS. On average, research analysts expect that The Children’s Place, Inc. will post 10.01 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Captrust Financial Advisors grew its holdings in shares of Children’s Place by 125.4% during the first quarter. Captrust Financial Advisors now owns 888 shares of the company’s stock worth $44,000 after purchasing an additional 494 shares during the last quarter. US Asset Management LLC purchased a new position in shares of Children’s Place during the first quarter worth about $49,000. FourThought Financial LLC grew its holdings in shares of Children’s Place by 78.8% during the first quarter. FourThought Financial LLC now owns 1,162 shares of the company’s stock worth $57,000 after buying an additional 512 shares during the last quarter. Point72 Hong Kong Ltd grew its holdings in shares of Children’s Place by 1,517.3% during the first quarter. Point72 Hong Kong Ltd now owns 1,213 shares of the company’s stock worth $60,000 after buying an additional 1,138 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Children’s Place during the fourth quarter worth about $61,000. 99.58% of the stock is currently owned by institutional investors.
Several research firms have commented on PLCE. B. Riley lowered their price target on shares of Children’s Place from $105.00 to $84.00 and set a “na” rating for the company in a report on Tuesday, May 17th. UBS Group lowered their price target on shares of Children’s Place from $85.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, March 23rd. StockNews.com cut shares of Children’s Place from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. Citigroup cut shares of Children’s Place from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $48.00 to $36.00 in a report on Monday, May 23rd. Finally, Telsey Advisory Group lowered their target price on shares of Children’s Place from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, May 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Children’s Place currently has a consensus rating of “Hold” and an average price target of $76.40.
Children’s Place Company Profile (Get Rating)
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.