Childrens Place Inc (NASDAQ:PLCE): Buy, Sell Or Hold At $9.33?

In recent trading session, Childrens Place Inc (NASDAQ:PLCE) saw 4.25 million shares changing hands at last check today with its beta currently measuring 2.07. Company’s recent per share price level of $9.33 trading at -$10.42 or -52.76% at last check today assigns it a market valuation of $116.44M. That most recent trading price of PLCE’s stock is at a discount of -404.72% from its 52-week high price of $47.09 and is indicating a discount of -52.95% from its 52-week low price of $14.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.52 million shares which gives us an average trading volume of 639.62K if we extend that period to 3-months.

Childrens Place Inc (NASDAQ:PLCE) trade information

Upright in the red during last session for losing -52.76%, in the last five days PLCE remained trading in the red while hitting it’s week-highest on Monday, 02/05/24 when the stock touched $9.33 price level, adding 55.72% to its value on the day. Childrens Place Inc’s shares saw a change of -59.82% in year-to-date performance and have moved -56.38% in past 5-day. Childrens Place Inc (NASDAQ:PLCE) showed a performance of -56.83% in past 30-days. Number of shares sold short was 2.13 million shares which calculate 5.08 days to cover the short interests.

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Childrens Place Inc (PLCE) estimates and forecasts

Statistics highlight that Childrens Place Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -64.85% of value to its shares in past 6 months, showing an annual growth rate of -662.50% while that of industry is -5.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 105.70% in the current quarter and calculating 75.00% increase in the next quarter. This year revenue growth is estimated to fall -5.80% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $462.88 million for the same. And 2 analysts are in estimates of company making revenue of $320.73 million in the next quarter that will end on Apr 2024. Company posted $456.13 million and $338.46 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 1.50% while estimating it to be -5.20% for the next quarter.

PLCE Dividends

Childrens Place Inc is more likely to be releasing its next quarterly report on February 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Childrens Place Inc (NASDAQ:PLCE)’s Major holders

Insiders are in possession of 7.18% of company’s total shares while institution are holding 87.75 percent of that, with stock having share float percentage of 94.54%. Investors also watch the number of corporate investors in a company very closely, which is 87.75% institutions for Childrens Place Inc that are currently holding shares of the company. Franklin Resources, Inc. is the top institutional holder at PLCE for having 1.3 million shares of worth $30.23 million. And as of Jun 29, 2023, it was holding 10.44% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 0.93 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.45% of outstanding shares, having a total worth of $21.57 million.

On the other hand, Franklin Value Investors Trust-Franklin Small Cap Value and Price (T.Rowe) Small-Cap Value Fund are the top two Mutual Funds which own company’s shares. As of Jul 30, 2023, the former fund manager was holding 0.89 million shares of worth $27.83 million or 7.09% of the total outstanding shares. The later fund manager was in possession of 0.43 million shares on Jun 29, 2023, making its stake of worth around $9.97 million in the company or a holder of 3.44% of company’s stock.

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