Childrens Place (NASDAQ:PLCE)‘s stock had its “buy” rating reiterated by equities research analysts at Chardan Capital in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $156.00 target price on the stock, up from their previous target price of $130.00. Chardan Capital’s target price suggests a potential upside of 2.33% from the company’s current price.
PLCE has been the subject of several other research reports. FBR & Co reissued a “buy” rating and issued a $127.00 price target on shares of Childrens Place in a report on Monday, October 2nd. Buckingham Research lifted their target price on Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. BidaskClub raised Childrens Place from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. B. Riley set a $130.00 target price on Childrens Place and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $112.00 target price on shares of Childrens Place in a report on Thursday, November 2nd. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Childrens Place currently has a consensus rating of “Buy” and a consensus target price of $139.15.
Shares of Childrens Place (NASDAQ PLCE) traded up $2.70 during midday trading on Wednesday, reaching $152.45. The company’s stock had a trading volume of 548,617 shares, compared to its average volume of 665,999. The firm has a market capitalization of $2,650.00, a P/E ratio of 21.62, a PEG ratio of 2.19 and a beta of 0.31. Childrens Place has a fifty-two week low of $92.95 and a fifty-two week high of $153.40.
Institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC raised its position in Childrens Place by 18.0% during the second quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock valued at $311,000 after acquiring an additional 465 shares in the last quarter. Stifel Financial Corp raised its position in Childrens Place by 42.7% during the second quarter. Stifel Financial Corp now owns 36,929 shares of the company’s stock valued at $3,773,000 after acquiring an additional 11,056 shares in the last quarter. Legato Capital Management LLC purchased a new position in Childrens Place during the third quarter valued at approximately $680,000. Vanguard Group Inc. raised its position in Childrens Place by 1.3% during the second quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock valued at $247,660,000 after acquiring an additional 32,057 shares in the last quarter. Finally, Boston Advisors LLC purchased a new position in Childrens Place during the third quarter valued at approximately $10,325,000.
About Childrens Place
The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.
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