The Children’s Place, Inc. (PLCE): Great Progress On All Fronts?

The stock of The Children’s Place, Inc. (NASDAQ:PLCE) has been Reiterated to Outperform by Telsey Advisory Group in its latest research note that was published on May 13. PLCE has given a price target of $126 by Telsey Advisory Group, with other Wall Street analysts also giving their reports regarding the stock. BofA/Merrill analysts again handed out a Neutral rating to PLCE stock but they lifted target price for the shares in a flash note to investors on May 01. The price target has been raised from $105 to $115

The’s stock is covered by 9 analysts, with 4 of them rating the stock as Buy. It has been deemed to have strong buy by 2 of the analysts, 3 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 4 analysts. 2 of them rated it as strong buy with 3 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that PLCE has an average analyst rating of 1.89.

The Children’s Place, Inc., which has current market capitalization of above $1 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $412.38 million in revenue. This figure is $12.71 million more than what analysts had expected which was $399.67 million. During the first quarter of the year, The also recorded $0.36 earnings per share (EPS) which is $0.83 above the $-0.47 estimated by Thomson Reuter’s analyst, leading to a surprise factor of -176.01%.

PLCE surged by $6.50 during the normal trading session on Tuesday and reaching a high of $87.12 during the day while it closed the day at $82.87. The The stock had a low trading volume of 0.85 million shares on that day, which is low compared to the average daily volume of 674.69M shares. PLCE has also lost 4.35% of its value over the past 7 days. However, the stock has declined by 26.08% in the 3 months of the year. Over the past six months meanwhile, it has lost 9.16% while it has lost 8.01% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -26.53% from its 3 months high price. However, taking another look at PLCE will indicate that it is trading +4.13% away from its 90-day low. Looking at the bigger picture, the The Children’s Place, Inc. stock has dropped by -48.28% from its 52-week high while it has surged by +4.13% from its 52-week low price.

On May 20, 2019 Lima-Guinehut Claudia, SVP, GLOBAL MERCHANDISING sold 932 shares of the company. The average price for that transaction was $107 per share, which meant that Lima-Guinehut Claudia earned $99724 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with VP, FINANCE & ACCOUNTING (CAO), Helm Robert F selling 227 shares of this stock on May 07, 2019. The average selling price for the stock was $110.79 per share, with the sold stock accruing $25149.33. Following this transaction, the VP, FINANCE & ACCOUNTING (CAO) Helm Robert F now holds 1190 shares of the company, which is worth around $95937.8.

The has around 66 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $600 Billion. The The stock is bringing in revenue of over 12 months, which is roughly 260 Billion. Despite all that, The Children’s Place, Inc. is seeing things declining very much as their y-o-y quarterly revenue dropped by -5.69%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 14.32%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 14.32%. Over the past 20 days, The’s Stochastic %K stood at 7.05% while its Stochastic %D was revealed to be 7.34%.