Childrens Place Inc (NASDAQ:PLCE) has a beta value of 2.31 and has seen 1.15 million shares traded in the last trading session. The company, currently valued at $118.74M, closed the last trade at $10.83 per share which meant it lost -$1.79 on the day or -14.18% during that session. The PLCE stock price is -251.15% off its 52-week high price of $38.03 and 55.96% 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 0.64 million shares traded. The 3-month trading volume is 1.07 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 0.12.
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Childrens Place Inc (NASDAQ:PLCE) trade information
Sporting -14.18% in the red in last session, 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 $10.83 or saw a rise of 28.75%. Year-to-date, Childrens Place Inc shares have moved -53.36%, while the 5-day performance has seen it change -8.30%. Over the past 30 days, the shares of Childrens Place Inc (NASDAQ:PLCE) have changed -23.73%. Short interest in the company has seen 2.94 million shares shorted with days to cover at 6.19.
Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 39.83% from current levels. The projected low price target is $18.0 while the price target rests at a high of $18.0. In that case, then, we find that the current price level is -66.2% off the targeted high while a plunge would see the stock gain -66.2% from current levels.
Childrens Place Inc (PLCE) estimates and forecasts
The company’s shares have gained 30.96% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -15.57%.
1 analysts offering their estimates for the company have set an average revenue estimate of 375.25M for the current quarter. 1 have an estimated revenue figure of 249.23M for the next ending quarter. Year-ago sales stood 455.03M and 267.88M respectively for this quarter and the next, and analysts expect sales will shrink by -17.53% for the current quarter and -15.57% for the next.
Earnings growth for 2024 is a modest 117.31% 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 in January 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 9.04% of the company shares, while shares held by institutions stand at 83.01% with a share float percentage of 91.26%. Investors are also buoyed by the number of investors in a company, with Childrens Place Inc having a total of 90.0 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 Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 1.81% shares in the company for having 230.98 shares of worth $2.5 million while later fund manager owns 191.07 shares of worth $2.07 million as of Sep 30, 2024 , which makes it owner of about 1.50% of company’s outstanding stock.
