Childrens Place Inc (NASDAQ: PLCE): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that The Company Announces That It Has Entered Into a Non-Binding Term Sheet for $130 Million Term Loan.

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Stocks Info

PLCE belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Apparel Retail industry. At the end of the last regular session, the stock closed at $19.92 and fluctuated between $24.09 as its day high and $19.60 as its day low. The current market capitalization of Childrens Place Inc is $248.60M. A total of 1.26 million shares were traded on the day, compared to an average of 1.32M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PLCE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 7 SELLs from insiders. Insiders purchased 398,244 shares during that period but sold 180,078.

In the most recent transaction, Mithaq Capital SPC bought 966,344 shares of PLCE for 11.15 per share on Feb 13. After the transaction, the 10% Owner now owns 6,751,387 company shares. In a previous transaction on Feb 12, Mithaq Capital SPC bought 1,566,475 shares at 15.80 per share. PLCE shares that 10% Owner owns now total 4,663,743.

Among the insiders who bought shares, Mithaq Capital SPC acquired of 1,849,397 shares on Feb 09 at a per-share price of $11.02. This resulted in the 10% Owner holding 3,097,268 shares of PLCE after the transaction. In another insider transaction, ELFERS JANE T bought 43,000 shares at $23.70 per share on Jul 05. Company shares held by the President and CEO now total 370,033.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PLCE in the last 3 months, the mean price target is $13.67 with high estimates of $24.00 and low estimates of $4.00. In terms of 52-week highs and lows, PLCE has a high of $45.03 and a low of $8.30.

As of this writing, PLCE has an earnings estimate of -$1.14 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.35 per share and a lower estimate of -$2.61. The company reported an EPS of -$2.12 in the last quarter, which was 0.50% higher than expectations of -$2.13.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. PLCE’s latest balance sheet shows that the firm has $54.79M in Cash & Short Term Investments as of fiscal 2022. There were $450.86M in debt and $591.83M in liabilities at the time. Its Book Value Per Share was $9.46, while its Total Shareholder’s Equity was $225.47M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PLCE is Buy with a score of 2.50.

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