Childrens Place Inc (NASDAQ:PLCE) has a beta value of 2.24 and has seen 0.87 million shares traded in the recent trading session. The company, currently valued at $139.42M, closed the recent trade at $10.96 per share which meant it lost -$3.08 on the day or -21.93% during that session. The PLCE stock price is -246.99% off its 52-week high price of $38.03 and 56.48% above the 52-week low of $4.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.59 million shares traded. The 3-month trading volume is 2.36 million shares.
The consensus among analysts is that Childrens Place Inc (PLCE) is Hold stock at the moment, with a recommendation rating of 3.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.63.
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Childrens Place Inc (NASDAQ:PLCE) trade information
Sporting -21.93% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PLCE stock price touched $10.96 or saw a rise of 25.95%. Year-to-date, Childrens Place Inc shares have moved -52.80%, while the 5-day performance has seen it change -14.37%. Over the past 30 days, the shares of Childrens Place Inc (NASDAQ:PLCE) have changed -37.01%. Short interest in the company has seen 2.7 million shares shorted with days to cover at 0.42.
Wall Street analysts have a consensus price target for the stock at $13.5, which means that the shares’ value could jump 18.81% from the levels at last check today. The projected low price target is $7.0 while the price target rests at a high of $48.0. In that case, then, we find that the latest price level in today’s session is -337.96% off the targeted high while a plunge would see the stock lose 36.13% from the levels at last check today.
Childrens Place Inc (PLCE) estimates and forecasts
The company’s shares have gained 32.38% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -9.40%.
1 analysts offering their estimates for the company have set an average revenue estimate of 437.12M for the current quarter. 1 have an estimated revenue figure of 427.23M for the next ending quarter.
Earnings growth for 2024 is a modest 125.93% while over the next 5 years, the company’s earnings are expected to decrease by -7.10%.
PLCE Dividends
Childrens Place Inc is expected to release its next earnings report on 2024-Nov-14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Childrens Place Inc (NASDAQ:PLCE)’s Major holders
Insiders own 7.62% of the company shares, while shares held by institutions stand at 83.52% with a share float percentage of 90.41%. Investors are also buoyed by the number of investors in a company, with Childrens Place Inc having a total of 108.0 institutions that hold shares in the company. The top two institutional holders are MITHAQ CAPITAL SPC with over 7.0 million shares worth more than $55.71 million. As of 2024-06-30, MITHAQ CAPITAL SPC held 55.3807% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 0.37 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.04 million and represent 2.95% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco ETF Tr II-Invesco Dorsey Wright SmallCap Momentum ETF and Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF. As of Sep 30, 2024, the former fund manager holds about 1.82% shares in the company for having 230.98 shares of worth $2.54 million while later fund manager owns 194.75 shares of worth $2.14 million as of May 31, 2024, which makes it owner of about 1.53% of company’s outstanding stock.
