In the last trading session, 10.87 million shares of the Childrens Place Inc (NASDAQ:PLCE) were traded, and its beta was 2.02. Most recently the company’s share price was $14.52, and it changed around $3.18 or 28.04% from the last close, which brings the market valuation of the company to $184.69M. PLCE currently trades at a discount to its 52-week high of $38.03, offering almost -161.91% off that amount. The share price’s 52-week low was $4.77, which indicates that the current value has risen by an impressive 67.15% since then. We note from Childrens Place Inc’s average daily trading volume that its 10-day average is 10.14 million shares, with the 3-month average coming to 1.94 million.
Childrens Place Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended PLCE as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Childrens Place Inc is expected to report earnings per share of 3.36 for the current quarter.
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Childrens Place Inc (NASDAQ:PLCE) trade information
Instantly PLCE has showed a green trend with a performance of 28.04% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 15.43 on recent trading dayincreased the stock’s daily price by 5.9%. The company’s shares are currently down -37.47% year-to-date, but still up 185.83% over the last five days. On the other hand, Childrens Place Inc (NASDAQ:PLCE) is 136.48% up in the 30-day period. We can see from the shorts that 2.82 million shares have been sold at a short interest cover period of 8.2 day(s).
The consensus price target as assigned by Wall Street analysts is $10.5, which translates to bulls needing to decrease their stock price by -38.29% from its current value. Analyst projections state that PLCE is forecast to be at a low of $7 and a high of $48.
Childrens Place Inc (PLCE) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 4.30% in revenue this quarter, and will report an increase of 76.80% in the next quarter. The year-over-year growth rate is expected to be -3.30%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 460.04M in revenue for the current quarter. 1 analysts expect Childrens Place Inc to make 458.71M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 0.80%.
Childrens Place Inc earnings are expected to increase by 95.78% in 2024, but the outlook is negative -7.10% per year for the next five years.
PLCE Dividends
Childrens Place Inc’s next quarterly earnings report is expected to be released in October. The average dividend yield for the past five years averaged 2.11 per year.
Childrens Place Inc (NASDAQ:PLCE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.62% of Childrens Place Inc shares, and 81.91% of them are in the hands of institutional investors. The stock currently has a share float of 88.66%. Childrens Place Inc stock is held by 115.0 institutions, with MITHAQ CAPITAL SPC being the largest institutional investor. By 2024-06-30, it held 55.3807% of the shares, which is about 7.0 million shares worth $55.71 million.
VANGUARD GROUP INC, with 2.95% or 0.37 million shares worth $3.04 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
