PLCE - Is It Time to Buy Stock in The Children's Place?
The Children's Place (NASDAQ: PLCE) is trading near 52-week lows on concerns over competition from value retailers, declining mall traffic, and the success of the Gymboree relaunch. Investors sent the stock down over 20% after the retailer's third-quarter earnings report on Dec. 11. Analysts also cited concerns that Target's (NYSE: TGT) strong share gains might hurt Gymboree's future sales growth.
However, with shares of the consumer discretionary company trading lower, and the upcoming relaunch of well-loved children's brand Gymboree, could this be a good time to consider buying shares in The Children's Place?
Image source: The Children's Place.