In the latest trading session, 1.49 million Childrens Place Inc (NASDAQ:PLCE) shares changed hands as the company’s beta touched 2.11. With the company’s most recent per share price at $18.03 changed hands at -$1.08 or -5.65% at last look, the market valuation stands at $225.01M. PLCE’s current price is a discount, trading about -171.1% off its 52-week high of $48.88. The share price had its 52-week low at $14.27, which suggests the last value was 20.85% up since then. When we look at Childrens Place Inc’s average trading volume, we note the 10-day average is 1.1 million shares, with the 3-month average coming to 564.40K.
Analysts gave the Childrens Place Inc (PLCE) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended PLCE as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Childrens Place Inc’s EPS for the current quarter is expected to be $1.18.
Childrens Place Inc (NASDAQ:PLCE) trade information
Instantly PLCE was in red as seen in intraday trades today. With action -26.47%, the performance over the past five days has been red. The drop to weekly highs of 28.92 on Friday, 11/17/23 subtracted -5.65% to the stock’s daily price. The company’s shares are showing year-to-date downside of -50.49%, with the 5-day performance at -26.47% in the red. However, in the 30-day time frame, Childrens Place Inc (NASDAQ:PLCE) is -37.33% down. Looking at the short shares, we see there were 2.45 million shares sold at short interest cover period of 5.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is $24.25, meaning bulls need an upside of 25.65% from its recent market value. According to analyst projections, PLCE’s forecast low is $19.00 with $30.00 as the target high. To hit the forecast high, the stock’s price needs a -66.39% plunge from its current level, while the stock would need to soar -5.38% for it to hit the projected low.
Childrens Place Inc (PLCE) estimates and forecasts
Data shows that the Childrens Place Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -23.41% over the past 6 months, a 1,150.00% in annual growth rate that is considerably higher than the industry average of -8.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Childrens Place Inc will rise 130.50%, while the growth in revenue is estimated to hit 73.50% for the next quarter. Year-over-year growth is forecast to reach -7.80% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $441.16 million. 2 analysts are of the opinion that Childrens Place Inc’s revenue for the quarter ending Apr 2024 will be $309.53 million. The company’s revenue for the corresponding quarters a year ago was $456.13 million and $338.46 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.30%. The estimates for the next quarter sales put growth at -8.50%.
The 2023 estimates are for Childrens Place Inc earnings to decrease by -650.68%, but the outlook for the next 5-year period is at -7.10% per year.
Childrens Place Inc is expected to release its next quarterly earnings report on November 16.
Childrens Place Inc (NASDAQ:PLCE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.81% of Childrens Place Inc shares while 115.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 123.57%. There are 115.15% institutions holding the Childrens Place Inc stock share, with Franklin Resources, Inc. the top institutional holder. As of Jun 29, 2023, the company held 10.44% of the shares, roughly 1.3 million PLCE shares worth $30.23 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.45% or 0.93 million shares worth $21.57 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were Franklin Value Investors Trust-Franklin Small Cap Value and Price (T.Rowe) Small-Cap Value Fund. With 0.89 million shares estimated at $27.83 million under it, the former controlled 7.09% of total outstanding shares. On the other hand, Price (T.Rowe) Small-Cap Value Fund held about 3.44% of the shares, roughly 0.43 million shares worth around $9.97 million.