The Children’s Place Inc. (NASDAQ:PLCE) saw a downside of -2.26% to close Friday at $27.62 after subtracting -$0.64 on the day. The 5-day average trading volume is 817,880 shares of the company’s common stock. It has gained $31.23 in the past week and touched a new high 2 times within the past 5 days. An average of 536,380 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 737,366.
PLCE’s 1-month performance is -2.68% or -$0.76 on its low of $25.22 reached on 08/15/23. The company’s shares have touched a 52-week low of $14.27 and high of $51.23, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, PLCE has lost -24.16% or -$8.80 and has reached a new high 11 times. However, the current price is down -46.09% from the 52-week high price.
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Valuation Metrics
PLCE stock has a beta of 2.16. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.21 while the price-to-book (PB) in the most recent quarter is 2.72.
The Children’s Place Inc.’s quick ratio for the period ended July 30 was 0.10, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.40, while the total debt to equity was 2.79. In terms of profitability, the gross margin trailing 12 months is 28.10%. The trailing 12-month EBITDA margin is 8.45% while for the period ending July 30, The Children’s Place Inc.’s operating margin was -0.10%. The firm’s gross profit as reported stood at $514.16 million against revenue of $1.71 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 168.78% to -$28.83 million, while revenue of -$50.53 million was -75.27% off the previous quarter. Analysts expected PLCE to announce -$2.13 per share in earnings in its latest quarter, but it posted -$2.12, representing a 0.50% surprise. EBITDA for the quarter stood at more than -$18.22 million. PLCE stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 889.05 million, with total debt at $526.31 million. Shareholders hold equity totaling $12.48 million.
Let’s look briefly at The Children’s Place Inc. (PLCE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 47.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 75.25%.
The stock’s 5-day moving average is $27.03, reflecting a +6.85% or $1.77 change from its current price. PLCE is currently trading -0.50% above its 20-day SMA, -27.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +47.15% and SMA200 by-31.77%.
Stochastic %K and %D was 32.03% and 23.97% and the average true range (ATR) pointed at 1.79. The RSI (14) points at 49.61%, while the 14-day stochastic is at 34.83% with the period’s ATR at 1.67. The stock’s 9-day MACD Oscillator is pointing at 0.40 and -1.08 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The Children’s Place Inc. (NASDAQ: PLCE), Monness Crespi & Hardt reiterated its a Buy rating for the company but lifted their price target by $30 to $36. Analysts offering their rating for PLCE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PLCE as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is PLCE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $20.00 and a high of $45.00, with their median price target at $33.50. Looking at these predictions, the average price target given by analysts is for The Children’s Place Inc. (PLCE) stock is $33.00.
