The Children's Place, Inc. PLCE was a big mover last session, as the company saw its shares rise 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 29.2% in the past one-month time frame.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Children's Place currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
The Children's Place, Inc. Price
The Children's Place, Inc. price | The Children's Place, Inc. Quote
A better-ranked stock in the Retail - Apparel and Shoes industry is H & M Hennes & Mauritz AB HNNMY, holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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