Long Position on PLCE @ $95.00 on 5/25/2021 (Momentum)

The Children's Place, Inc. (PLCE) operates as a children's specialty apparel retailer.

The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree brand names.

As of January 30, 2021, the company operated 640 stores in the United States, 101 stores in Canada, and 8 stores in Puerto Rico; and 230 international points of distribution operated by its eight franchise partners in 19 countries. It also sells its products through online stores, including childrensplace.com and gymboree.com.

The company was formerly known as The Children's Place Retail Stores, Inc. and changed its name to The Children's Place, Inc. in June 2014.

Please note this stock reported earnings last May 2022.

Children's Place reported 1st Quarter April 2021 earnings of $3.25 per share on revenue of $435.5 million. The consensus earnings estimate was $0.03 per share on revenue of $333.1 million. Revenue grew 70.6% on a year-over-year basis.

With a strong earnings report and the new child tax credit this July, families will have extra spending income, which should drive sales higher over the next quarter and into fall.

Entry Point: $95.00

Stop Loss: $90.25

Trading Range: $17.78 - $103.33

Target Price: $104.50

Updates

11/5/2021 9:58:35 AM

PLCE closed at $102.5

Position closed on 11/5/2021 at price of $102.50 with a 7.89% gain in 164 days.

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