The Children’s Place, Inc. (NASDAQ:PLCE – Get Rating) – Equities researchers at B. Riley dropped their FY2025 earnings estimates for Children’s Place in a note issued to investors on Tuesday, June 20th. B. Riley analyst J. Lick now anticipates that the company will post earnings of $5.66 per share for the year, down from their previous forecast of $6.05. B. Riley currently has a “Buy” rating and a $50.00 target price on the stock. The consensus estimate for Children’s Place’s current full-year earnings is $1.06 per share.
Other equities research analysts have also recently issued research reports about the stock. TheStreet cut shares of Children’s Place from a “c” rating to a “d+” rating in a research note on Thursday, March 16th. StockNews.com initiated coverage on shares of Children’s Place in a research note on Thursday, May 18th. They set a “hold” rating for the company. Telsey Advisory Group decreased their price objective on Children’s Place from $46.00 to $44.00 and set a “market perform” rating for the company in a report on Friday, March 17th. Finally, UBS Group reduced their target price on shares of Children’s Place from $40.00 to $20.00 in a report on Thursday, May 25th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.00.
Children’s Place Stock Performance
Children’s Place (NASDAQ:PLCE – Get Rating) last announced its quarterly earnings data on Wednesday, May 24th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.77) by ($0.23). Children’s Place had a negative net margin of 2.99% and a negative return on equity of 23.70%. The business had revenue of $321.60 million during the quarter, compared to analysts’ expectations of $338.46 million. During the same period last year, the company posted $1.05 EPS. Children’s Place’s revenue for the quarter was down 11.3% on a year-over-year basis.
Hedge Funds Weigh In On Children’s Place
Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. raised its stake in shares of Children’s Place by 363.1% during the third quarter. Point72 Asset Management L.P. now owns 209,323 shares of the company’s stock worth $6,466,000 after purchasing an additional 164,123 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Children’s Place by 227.4% during the 3rd quarter. Engineers Gate Manager LP now owns 28,281 shares of the company’s stock valued at $874,000 after acquiring an additional 19,643 shares in the last quarter. EVR Research LP acquired a new position in Children’s Place in the 4th quarter worth $4,006,000. Long Focus Capital Management LLC grew its position in shares of Children’s Place by 108.8% during the 3rd quarter. Long Focus Capital Management LLC now owns 23,030 shares of the company’s stock valued at $711,000 after buying an additional 12,000 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Children’s Place in the 4th quarter worth about $711,000.
Children’s Place Company Profile
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.
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