The Childrens Place Inc (PLCE) released its first quarter results on Thursday, May 20, 2021. The company reported net earnings of $3.01 per share for the first quarter ending April 30, 2021. Earnings for this past quarter were up 138 percent compared to the same period a year ago.
The Children's Place, Inc. was founded in 1969 and is headquartered in Secaucus, New Jersey. The Children's Place, Inc. 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.
Childrens Place's revenue decreased 1 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 43.45% for the first quarter compared to the same period in the previous year, and operating margins increased to 15.79% over the same period. Net earnings for past trailing twelve months were $19.65 million, up 143% from the prior year.
Moving on to the balance sheet, Childrens Place's cash levels dropped 9% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 38.95% this past year. The current ratio for Childrens Place now stands at 0.86. The company decreased shares outstanding by 0.86%.
Shares of PLCE are currently trading around $92.94. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 73.67 and price to book ratio of 9.62.