Children's Place (PLCE, Financial) experienced a significant stock movement, with its shares rising by 5.37%. At the latest pricing, the stock was valued at $13.55 per share, with a trading volume of 196,276 shares. The stock's turnover rate stood at 1.54%, and it showed a price volatility of 7.55%.
Financial reports indicate the company reported revenue of $320 million, with a net loss of $32.11 million, equating to an earnings per share of -$2.51. Notably, the company's gross profit was $102 million, and it reported a negative price-to-earnings ratio of -1.06.
Institutional ratings reveal that out of the two firms that evaluated the stock, all recommended a hold position, with no suggestions for buying or selling.
Within the apparel manufacturing industry, which saw an overall rise of 0.47%, Children's Place, Sihuan International, and Figs, Inc. were among the top performers. Children's Place, along with Sihuan International and Under Armour-A, showed significant trading activity, with turnover rates of 1.55%, 1.28%, and 0.85% respectively.
Children's Place is a retailer specializing in children's accessories, footwear, and various other products. The company operates over a thousand stores across North America, selling through its website and wholesale channels. Internationally, it partners with franchisees to expand its reach. All its stores are leased, primarily situated in large shopping malls, with distribution centers in the U.S. and Canada supporting its operations. The company sources its products from over 100 suppliers, mainly located in Asia.
