The Children’s Place (PLCE) stock drops like market profits: what you need to know

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This story originally appeared on Zacks

The Children’s Place (PLCE) closed at $ 66.15 in the most recent trading session, marking a -1.56% move from the previous day. This change left the S&P 500 up 0.52% on the day. Meanwhile, the Dow lost 0.06%, and the Nasdaq, a tech-heavy index, added 0.37%.

– Zacks

Prior to today’s trading, shares of the children’s clothing and accessories chain lost 10.83% in the past month. It was smaller than the retail wholesale sector’s loss of 11.17% and at that time was behind the S&P 500’s loss of 6.51%.

Wall Street will seek positivity from The Children’s Place as it approaches its next earnings report date. In that report, analysts expect The Children’s Place to earn $ 3.12 a share. This will be a year-on-year growth of 208.91%. Meanwhile, the Zacks consensus estimate for revenue predicts net sales of $ 538.2 million, 13.81% higher than the year ago.

Investors should also take note of any recent changes to analysts’ estimates for The Children’s Place. Recent reviews tend to reflect the latest business trends in the short term. As such, positive rating reviews reflect analysts’ optimism about the company’s business and profitability.

Our research shows that these estimate changes are directly correlated with short-term stock prices. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimation changes into account and provides a workable rating system.

The Zacks Rank system ranges from # 1 (Strong Buy) to # 5 (Strong Sell). It has a remarkable, unaudited record of success, with # 1 stocks delivering an average annual return of + 25% since 1988. Within the last 30 days, our consensus EPS projection has moved 3.53% lower. The Children’s Place currently has a Zacks ranking of # 4 (Sales).

Investors should also note The Children’s Place’s current valuation benchmarks, including its 5.23 P / E ratio. By comparison, its industry has an average forward P / E of 10.38, meaning The Children’s Place trades at a discount for the group.

The Retail – Clothing and Footwear industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 186, which places it among the bottom 28% of all 250+ industries.

The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use to track all of these stock-shifting metrics, and more, in the upcoming trading sessions.

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The Children’s Place, Inc. (PLCE): Free Inventory Analysis Report

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