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Childrens Place (PLCE)

The Children’s Place is the largest pure-play children’s specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise predominantly at value prices, primarily under the proprietary “The Children’s Place”, “Place”, “Baby Place,” and “Gymboree” brand names. As of August 1, 2020, the Company had 824 stores in the United States, Canada and Puerto Rico, online stores, and the Company’s eight international franchise partners had 276 international points of distribution in 19 countries.

Company profile

Ticker
PLCE
Exchange
CEO
Jane Elfers
Employees
Location
Fiscal year end
Former names
CHILDRENS PLACE RETAIL STORES INC
SEC CIK
Subsidiaries
THE CHILDREN’S PLACE, INC. • TCP Canada, Inc. • TCP Ethiopia Holding Company, LLC • TCP Global Sourcing Holdings, S.A R.L. • TCP IH II LLC • TCP International Product Holdings, LLC • TCP Investment Canada I Corp. • TCP Investment Canada II Corp. • TCP Real Estate Holdings, LLC • TCP Worldwide Holdings Limited ...
IRS number
311241495

PLCE stock data

Calendar

1 Jun 22
12 Aug 22
1 Feb 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 58.49M 58.49M 58.49M 58.49M 58.49M 58.49M
Cash burn (monthly) (no burn) 573.5K (no burn) (no burn) 6.28M (no burn)
Cash used (since last report) n/a 1.97M n/a n/a 21.58M n/a
Cash remaining n/a 56.52M n/a n/a 36.92M n/a
Runway (months of cash) n/a 98.6 n/a n/a 5.9 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Aug 22 Matthews Norman S Common Stock, par value $0.10 per share Grant Acquire A No No 46.52 1,034 48.1K 114,253
4 Aug 22 Joseph A Alutto Common Stock, par value $0.10 per share Grant Acquire A No No 46.52 564 26.24K 38,463
29 Jun 22 Bachman John E. Common Stock, par value $0.10 per share Buy Acquire P No No 38.5 1,500 57.75K 20,182
1 Jun 22 Joseph A Alutto Common Stock, par value $0.10 per share Sell Dispose S No Yes 48.5 6,115 296.58K 37,899
31 May 22 Lima-Guinehut Claudia Common Stock, par value $0.10 per share Payment of exercise Dispose F No No 47.48 4,261 202.31K 20,858
13F holders Current Prev Q Change
Total holders 190 207 -8.2%
Opened positions 27 44 -38.6%
Closed positions 44 19 +131.6%
Increased positions 52 65 -20.0%
Reduced positions 78 67 +16.4%
13F shares Current Prev Q Change
Total value 1.2B 1.47B -18.3%
Total shares 16.52M 16.44M +0.4%
Total puts 992.1K 523.2K +89.6%
Total calls 828.4K 740K +11.9%
Total put/call ratio 1.2 0.7 +69.4%
Largest owners Shares Value Change
BLK Blackrock 2.09M $157.62M -6.6%
Vanguard 1.33M $100.06M -2.9%
IVZ Invesco 1.24M $93.31M -7.9%
FMR 1.03M $77.45M +367.1%
D. E. Shaw & Co 790.94K $39.63M 0.0%
BEN Franklin Resources 695.88K $52.37M +266.6%
STT State Street 572.39K $43.08M -3.2%
Nuveen Asset Management 571.23K $42.99M +37.8%
ATAC Neuberger Berman 495.25K $37.09M +22.7%
Tiaa Cref Investment Management 402.16K $20.15M 0.0%
Largest transactions Shares Bought/sold Change
FMR 1.03M +808.75K +367.1%
BEN Franklin Resources 695.88K +506.08K +266.6%
Cooper Creek Partners Management 191.34K +191.34K NEW
Citadel Advisors 217.97K +173.63K +391.6%
GS Goldman Sachs 96.54K -170.69K -63.9%
Renaissance Technologies 21.91K -166.55K -88.4%
Nuveen Asset Management 571.23K +156.71K +37.8%
Arrowstreet Capital, Limited Partnership 80.06K -155.12K -66.0%
Two Sigma Investments 82.04K -149.86K -64.6%
BLK Blackrock 2.09M -148.74K -6.6%

Financial report summary

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Competition
TargetTJX CompaniesTarget
Risks
  • The COVID-19 pandemic has significantly disrupted, and is expected to continue to significantly disrupt, our business, which in turn could have a material adverse effect on our business, financial position, results of operations, and cash flows.
  • We may not be able to successfully execute our business strategies.
  • We depend on generating sufficient cash flows, together with our existing cash balances and availability under our credit facility, to fund our ongoing operations, capital expenditures, debt service requirements, share repurchases and, prior to its temporary suspension due to the COVID-19 pandemic, payment of dividends.
  • Damage to, or a prolonged interruption of activities at, any facility that we use in our business operations could have a material adverse effect on our business.
  • We depend on our relationships with unaffiliated manufacturers, suppliers, and transportation companies, both domestically and internationally. Our inability to maintain relationships with any of these entities, the disruption to or failure of any of their businesses, their failure to operate in a lawful or ethical manner, and the risks associated with international business, could have a material adverse effect on our business, financial position, results of operations, and cash flows.
  • We may experience disruptions at ports used to export our products from Asia, Africa, and other regions, or along the various shipping routes, or used as ports of entry in the United States and Canada.
  • Because certain of our subsidiaries operate outside of the United States, some of our revenues, product costs, and other expenses are subject to foreign economic and currency risks.
  • Acts of terrorism, effects of war, pandemics or other health issues, such as COVID-19, natural disasters, other catastrophes, or political unrest could have a material adverse effect on our business.
  • Our success depends upon the service and capabilities of our management team. Changes in management or in our organizational structure, particularly in the most senior positions, or inadequate or ineffective management, could have a material adverse effect on our business.
  • Any disruption in, or changes to, our consumer credit arrangements, including our private label credit card agreement, may adversely affect the ability of our customers to obtain consumer credit.
  • We are subject to customer payment-related risks that could increase our operating costs, expose us to fraud or theft, subject us to potential liability and potentially disrupt our business.
  • We may suffer material adverse business consequences if we are unable to anticipate, identify, and respond to merchandise trends, marketing and promotional trends, changes in technology, or customer shopping patterns. Profitability and our reputation could be materially negatively impacted if we do not adequately forecast the demand for our products and, as a result, create significant levels of excess inventory or insufficient levels of inventory.
  • A wide variety of factors can cause a decline in consumer confidence and spending which could have a material adverse effect on the retail and apparel industries and our operating results.
  • Fluctuations in the prices of raw materials, labor, energy, and services could result in increased product and/or delivery costs. Our profitability may decline as a result of increasing pressure on margins.
  • Product liability costs, related claims, and the cost of compliance with consumer product safety laws in the U.S and in Canada or our inability to comply with such laws could have a material adverse effect on our business and reputation.
  • We face significant competition in the retail and apparel industries, which could negatively impact our business.
  • If our landlords should suffer financial difficulty or if we are unable to successfully negotiate acceptable lease terms, including resulting from actions taken by the Company in response to the COVID-19 pandemic, it could have a material adverse effect on our business, financial position, results of operations, and cash flows.
  • A privacy breach, through a cybersecurity incident or otherwise, or failure to comply with privacy laws could have a material adverse effect on our business.
  • Our failure to successfully manage our e-commerce business could have a material adverse effect on our business.
  • A material disruption in, failure of, inability to upgrade, or inability to properly implement disaster recovery plans for, our information technology or other business systems could have a material adverse effect on our business, financial position, results of operations, and cash flows.
  • Changes in our sales, comparable retail sales, margins, operating income, earnings per share, cash flows, and/or other results of operations could have a material adverse effect on the market price of our common stock.
  • The highly concentrated nature of our stock holdings could facilitate the approval by stockholders of proposals which are contrary to positions supported by our Board of Directors or management.
  • Our share price may be volatile.
  • We may be unable to protect our trademarks and other intellectual property rights.
  • Federal tax and other legislation has had and will continue to have a material effect on our business, financial position, results of operations, and cash flows. In addition, changes in current tax law could adversely impact our business, financial position, results of operations, and cash flows. Other legislative, regulatory, and other actions which might be taken by federal or state governments are unpredictable and could have unforeseen consequences having a material adverse effect on our business.
  • Our failure to comply with federal, state or local law, and litigation involving such laws, or changes in such laws, could materially increase our expenses and expose us to legal risks and liability.
  • Legal and regulatory actions are inherent in our business and could have a material adverse effect on our business, reputation, financial position, results of operations, and cash flows.
  • Legislative actions and new accounting pronouncements could result in us having to increase our administrative expenses to remain compliant and could have other material adverse effects.
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
  • This Quarterly Report on Form 10-Q contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to the Company’s strategic initiatives and adjusted net income per diluted share. Forward-looking statements typically are identified by use of terms such as “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements are expressed differently. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results and performance to differ materially. Some of these risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission, including in the “Risk Factors” section of its annual report on Form 10-K for the fiscal year ended January 29, 2022. Included among the risks and uncertainties that could cause actual results and performance to differ materially are the risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, the risks resulting from the highly competitive nature of the Company’s business and its dependence on consumer spending patterns, which may be affected by changes in economic conditions, the risks related to the COVID-19 pandemic, including the impact of the COVID-19 pandemic on our business or the economy in general (including decreased customer traffic, schools adopting remote and hybrid learning models, closures of businesses and other activities causing decreased demand for our products and negative impacts on our customers’ spending patterns due to decreased income or actual or perceived wealth, and the impact of legislation related to the COVID-19 pandemic, including any changes to such legislation), the risk that the Company’s strategic initiatives to increase sales and margin are delayed or do not result in anticipated improvements, the risk of delays, interruptions and disruptions in the Company’s global supply chain, including resulting from the COVID-19 pandemic or other disease outbreaks, foreign sources of supply in less developed countries, more politically unstable countries, or countries where vendors fail to comply with industry standards or ethical business practices, including the use of forced, indentured or child labor, the risk that the cost of raw materials or energy prices will increase beyond current expectations or that the Company is unable to offset cost increases through value engineering or price increases, various types of litigation, including class action litigations brought under consumer protection, employment, and privacy and information security laws and regulations, the imposition of regulations affecting the importation of foreign-produced merchandise, including duties and tariffs, and the uncertainty of weather patterns. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
  • •SEC — U.S. Securities and Exchange Commission

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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