Children’s Place (NASDAQ:PLCE) Issues FY 2023 Earnings Guidance

Children’s Place (NASDAQ:PLCE – Get Rating) updated its FY 2023 earnings guidance on Thursday. The company provided EPS guidance of $2.50-$3.00 for the period, compared to the consensus EPS estimate of $3.35. The company issued revenue guidance of $1.62 billion-$1.66 billion, compared to the consensus revenue estimate of $1.71 billion. Children’s Place also updated its FY24 guidance to $2.50-3.00 EPS.

Analysts Set New Price Targets

Several research firms have recently issued reports on PLCE. StockNews.com began coverage on shares of Children’s Place in a report on Thursday. They set a hold rating on the stock. TheStreet downgraded shares of Children’s Place from a c rating to a d+ rating in a report on Thursday. Telsey Advisory Group cut their price objective on shares of Children’s Place from $46.00 to $44.00 and set a market perform rating on the stock in a report on Friday. Finally, Monness Crespi & Hardt cut their price objective on shares of Children’s Place to $50.00 in a report on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Children’s Place has an average rating of Hold and an average price target of $48.40.

Children’s Place Trading Down 1.4 %

Shares of NASDAQ PLCE opened at $38.05 on Friday. The business’s 50 day moving average price is $42.11 and its 200 day moving average price is $39.05. Children’s Place has a 52 week low of $29.20 and a 52 week high of $57.00. The company has a current ratio of 0.87, a quick ratio of 0.17 and a debt-to-equity ratio of 0.31.

Children’s Place (NASDAQ:PLCE – Get Rating) last issued its earnings results on Thursday, March 16th. The company reported ($3.87) EPS for the quarter, beating analysts’ consensus estimates of ($4.18) by $0.31. The firm had revenue of $456.10 million for the quarter, compared to analyst estimates of $455.34 million. Children’s Place had a negative return on equity of 0.57% and a negative net margin of 0.07%. Children’s Place’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.02 earnings per share. On average, equities analysts predict that Children’s Place will post 2.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Children’s Place

A number of large investors have recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in Children’s Place by 25.5% in the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $43,000 after buying an additional 226 shares during the last quarter. State of Wyoming boosted its position in Children’s Place by 45.7% in the fourth quarter. State of Wyoming now owns 858 shares of the company’s stock valued at $31,000 after buying an additional 269 shares during the last quarter. Legal & General Group Plc boosted its position in Children’s Place by 1.1% in the 4th quarter. Legal & General Group Plc now owns 33,056 shares of the company’s stock worth $1,204,000 after purchasing an additional 348 shares in the last quarter. Royal Bank of Canada boosted its position in Children’s Place by 17.0% in the 1st quarter. Royal Bank of Canada now owns 2,667 shares of the company’s stock worth $132,000 after purchasing an additional 388 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Children’s Place by 51.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,171 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 98.73% of the company’s stock.

About Children’s Place

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The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. The firm operates through the following segments: Children’s Place U.S.