Childrens Place Inc (PLCE): These Numbers Show Where NASDAQ:PLCE Stock Is Going Next

Childrens Place Inc (NASDAQ: PLCE) is -29.41% lower on its value in year-to-date trading and has touched a low of $8.30 and a high of $47.09 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLCE stock was last observed hovering at around $12.51 in the last trading session, with the day’s gains setting it 3.88%.

Currently trading at $16.39, the stock is -24.44% and -26.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.02 million and changing 31.07% at the moment leaves the stock -32.71% off its SMA200. PLCE registered -61.25% loss for a year compared to 6-month loss of -36.60%. The firm has a 50-day simple moving average (SMA 50) of $0.46 and a 200-day simple moving average (SMA200) of -$19.02.

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The stock witnessed a -22.87% gain in the last 1 month and extending the period to 3 months gives it a -32.50%, and is -18.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 20.16% over the week and 8.90% over the month.

Childrens Place Inc (PLCE) has around Dec 13 2019 employees, a market worth around $204.55M and $1.60B in sales. Fwd P/E is 13.95. Profit margin for the company is -4.75%. Distance from 52-week low is 97.47% and -65.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.18%).

Childrens Place Inc quarterly earnings per share for the current quarter are estimated at $0.22 with sales reaching $462.88M over the same period.The EPS is expected to shrink by -2509.14% this year, but quarterly earnings will post -5.80% year-over-year. Quarterly sales are estimated to grow 1.50% in year-over-year returns.

Childrens Place Inc (PLCE) Top Institutional Holders

199 institutions hold shares in Childrens Place Inc (PLCE), with institutional investors hold 95.06% of the company’s shares. The shares outstanding are 12.22M, and float is at 11.66M with Short Float at 17.80%. Institutions hold 88.24% of the Float.

The top institutional shareholder in the company is Franklin Resources, Inc. with over 1.3 million shares valued at $30.23 million. The investor’s holdings represent 10.44% of the PLCE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 0.93 million shares valued at $21.57 million to account for 7.45% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 0.86 million shares representing 6.88% and valued at over $19.94 million, while T. Rowe Price Investment Management, Inc. holds 5.60% of the shares totaling 0.7 million with a market value of $16.21 million.

Childrens Place Inc (PLCE) Insider Activity

A total of 1 insider transactions have happened at Childrens Place Inc (PLCE) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by ELFERS JANE T,the company’sPresident and CEO. SEC filings show that ELFERS JANE T bought 43,000 shares of the company’s common stock on Jul 05 at a price of $23.70 per share for a total of $1.02 million. Following the purchase, the insider now owns 0.37 million shares.

Childrens Place Inc (PLCE): Who are the competitors?

The company’s main competitors (and peers) include Carter’s Inc. (CRI) that is trading 3.74% up over the past 12 months. Gap Inc. (GPS) that is 49.75% higher over the same period.