In the latest trading session, 0.67 million Childrens Place Inc (NASDAQ:PLCE) shares changed hands as the company’s beta touched 2.30. With the company’s most recent per share price at $12.87 changed hands at -$3.28 or -20.31% at last look, the market valuation stands at $163.68M. PLCE’s current price is a discount, trading about -195.49% off its 52-week high of $38.03. The share price had its 52-week low at $4.77, which suggests the last value was 62.94% up since then. When we look at Childrens Place Inc’s average trading volume, we note the 10-day average is 0.25 million shares, with the 3-month average coming to 2.40 million.
Analysts gave the Childrens Place Inc (PLCE) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 1 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended PLCE as a Hold, 0 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 0.91.
Childrens Place Inc (NASDAQ:PLCE) trade information
Instantly PLCE was in red as seen in intraday trades today. With action -19.71%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -44.57%, with the 5-day performance at -19.71% in the red. However, in the 30-day time frame, Childrens Place Inc (NASDAQ:PLCE) is -8.53% down. Looking at the short shares, we see there were 2.94 million shares sold at short interest cover period of 6.19 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13.5, meaning bulls need an upside of 4.67% from its recent market value. According to analyst projections, PLCE’s forecast low is 7 with 48 as the target high. To hit the forecast high, the stock’s price needs a -272.96% plunge from its current level, while the stock would need to tank 45.61% for it to hit the projected low.
Childrens Place Inc (PLCE) estimates and forecasts
Year-over-year growth is forecast to reach -10.58% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 422.68M. 1 analysts are of the opinion that Childrens Place Inc’s revenue for the current quarter will be 259.66M. The company’s revenue for the corresponding quarters a year ago was 455.03M and 267.88M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -7.11%. The estimates for the next quarter sales put growth at -3.07%.
The 2024 estimates are for Childrens Place Inc earnings to increase by 124.94%, but the outlook for the next 5-year period is at -7.10% per year.
PLCE Dividends
Childrens Place Inc is expected to release its next quarterly earnings report in January. During the past 5 years, the average dividend yield was 2.11 per year.
Childrens Place Inc (NASDAQ:PLCE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.04% of Childrens Place Inc shares while 83.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.26%. There are 83.01% institutions holding the Childrens Place Inc stock share, with MITHAQ CAPITAL SPC the top institutional holder. As of 2024-06-30, the company held 55.3807% of the shares, roughly 7.0 million PLCE shares worth $55.71 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 2.95% or 0.37 million shares worth $3.04 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Invesco ETF Tr II-Invesco Dorsey Wright SmallCap Momentum ETF and Vanguard Extended Market Index Fund. With 230.98 shares estimated at $2.91 million under it, the former controlled 1.82% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.50% of the shares, roughly 191.07 shares worth around $2.41 million.
