The Children’s Place Inc. (NASDAQ:PLCE) went down by -6.67% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Apparel Retail giant went up by $43.27 to trade ended Wednesday trading at $46.36. This is down from the $46.36 price recorded on Tuesday’s trading session. Thanks to this latest performance, PLCE is closer to the higher price 52-week target of $55.00 and further from the lowest price target of $28.00. Its performance from the start of the year has also been negative, with PLCE down by -30.79% year-to-date.
The Children’s Place Inc. (PLCE) started the day trading at $46.62 and recorded an intraday high of $46.62. It also recorded an intraday low of $43.18 during Wednesday’s trading session. The Children’s Place Inc. is a very active stock that recorded a trading volume that is less than -56.11% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 762263, which is less than -56.11 of the total average daily trading volume of 1.19 million.
The Children’s Place Inc. (NASDAQ:PLCE) 2020 Performance Impressive
The increase in PLCE’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of PLCE currently stands at $102.55, which is higher than the current trading price of the stock by 57.81%. However, PLCE’s current trading price is -367.78% lower than the 52-week low price of $9.25. In terms of trading volume, The Children’s Place Inc. currently experienced healthy participation during the last trading session. 762263 shares of The Children’s Place Inc. were traded on the stock exchange on Wednesday, which is less than -56.11% of the 1.19 million average trading volume of the stock.
The performance of the stock has been positive over the past year. PLCE’s performance over the past one year has seen it plunge by -53.84%, while the stock has gone down by -25.63% in the last six months. The quarterly performance of PLCE currently stands at 196.57%, and it is up by 23.63% in the last month. The only negative figure was from the weekly performance, which currently reads -7.98%. At the time of writing PLCE’s report, the company has a total market cap of $604.05M, making it one of the largest publicly-traded companies in the world.The Children’s Place Inc. also has over 2000 employees all over the world.
PLCE Insider Activities
For The Children’s Place Inc., insiders hold 95.00% of all company shares. The insider transactions over the past six months are up by 161.00%. During that period, insiders bought 325,448 shares in 27 transactions. In that same period, insiders sold 19,624 of their shares in 26 transactions. After these transactions, insiders at The Children’s Place Inc. now hold 530.92k shares, which is over 147.03% of the total company stocks. Institutional investors currently hold a large chunk of the PLCE shares, as they control 3.64% of the company’s total stock.
PLCE Fundamental Analysis
For The Children’s Place Inc., the stock’s diluted earnings per share (EPS) stands at -3.39. In the coming year, analysts expect the EPS to be 3.95. The stock’s EPS growth this year is -21.90%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, The Children’s Place Inc.’s quarterly sales (YOY) is shrinking at -1.02, which is lower than the average annual revenue of 12.50% over the past half a decade.
The Return on Investment (ROI) on The Children’s Place Inc.’s stock currently stands at 20.00%, and it has a net profit margin of 3.60%. The operating margin of the company is 4.70%, and its gross margin is 28.20%.
PLCE Analysts Prediction
In May 19, 2020, several analysts reiterated their positions on the The Children’s Place Inc. stock and predicted its performance to their investors. The analysts at Monness Crespi & Hardt believe PLCE is still a Buy and set the price target between $38 and $45. The Monness Crespi & Hardt also has a Buy rating for The Children’s Place Inc., predicting the stock price to stay between $50 and $38. Another analyst that has a Outperform rating for PLCE is Telsey Advisory Group, which set a price target of between $80 and $40. DA Davidson reiterate their Neutral position on the stock ($80 and $30)
Analysts at Telsey Advisory Group believe that PLCE is Outperform, and they have a price target of between $105 and $70. Odeon and Monness Crespi & Hardt also believe that The Children’s Place Inc.’s stock is outperforming at the moment. PLCE received a positive rating from Wedbush, which set a price target of $130-$60 for the stock.
PLCE Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PLCE currently stands at -2.98%, while the SMA50 is 26.74%. The biggest one is the SMA200, which is currently reading -24.65% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 52.59.