FY2024 EPS Estimates for The Children’s Place, Inc. Boosted by Analyst (NASDAQ:PLCE)

The Children’s Place, Inc. (NASDAQ:PLCE) – Analysts at B. Riley upped their FY2024 earnings per share estimates for Children’s Place in a note issued to investors on Wednesday, April 24th. B. Riley analyst J. Lick now forecasts that the company will post earnings per share of ($3.45) for the year, up from their previous forecast of ($3.47). B. Riley currently has a “Neutral” rating and a $7.00 price target on the stock. The consensus estimate for Children’s Place’s current full-year earnings is ($3.50) per share. B. Riley also issued estimates for Children’s Place’s Q4 2024 earnings at ($2.56) EPS, Q1 2025 earnings at ($1.03) EPS, Q2 2025 earnings at ($1.26) EPS, Q4 2025 earnings at ($0.11) EPS, FY2025 earnings at $0.00 EPS, Q1 2026 earnings at ($0.34) EPS, Q2 2026 earnings at ($0.72) EPS, Q4 2026 earnings at $0.41 EPS and FY2026 earnings at $2.33 EPS.

Several other equities research analysts also recently weighed in on PLCE. Monness Crespi & Hardt downgraded Children’s Place from a “buy” rating to a “neutral” rating in a report on Friday, February 9th. StockNews.com downgraded Children’s Place from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, Telsey Advisory Group reduced their target price on Children’s Place from $24.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, February 12th.

Children’s Place Price Performance

Shares of NASDAQ PLCE opened at $7.09 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.19. The stock has a fifty day moving average price of $13.15 and a 200 day moving average price of $19.64. Children’s Place has a 1-year low of $6.68 and a 1-year high of $38.03. The company has a market cap of $88.48 million, a PE ratio of -1.14 and a beta of 1.98.

Insider Transactions at Children’s Place

In other news, major shareholder Mithaq Capital Spc purchased 1,566,475 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $15.80 per share, with a total value of $24,750,305.00. Following the purchase, the insider now directly owns 4,663,743 shares of the company’s stock, valued at approximately $73,687,139.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of Children’s Place

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mithaq Capital SPC increased its position in Children’s Place by 1,932.4% during the 1st quarter. Mithaq Capital SPC now owns 7,001,387 shares of the company’s stock worth $80,796,000 after purchasing an additional 6,656,894 shares in the last quarter. Partnership Wealth Management LLC increased its position in Children’s Place by 80.3% during the 1st quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company’s stock worth $1,496,000 after purchasing an additional 57,740 shares in the last quarter. Virtu Financial LLC increased its position in Children’s Place by 8.5% during the 4th quarter. Virtu Financial LLC now owns 8,793 shares of the company’s stock worth $204,000 after purchasing an additional 692 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Children’s Place by 2,016.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,550 shares of the company’s stock worth $106,000 after purchasing an additional 4,335 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in Children’s Place by 122.0% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 68,706 shares of the company’s stock worth $1,595,000 after purchasing an additional 37,754 shares in the last quarter.

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.