Childrens Place (PLCE) Given “Buy” Rating at Chardan Capital

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.

Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.12. The business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $2.29 earnings per share. equities analysts anticipate that Childrens Place will post 7.54 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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