BidaskClub Upgrades Childrens Place (NASDAQ:PLCE) to “Hold”

Childrens Place (NASDAQ:PLCE) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday, BidAskClub reports.

Several other equities research analysts also recently issued reports on the stock. Wedbush set a $130.00 price objective on shares of Childrens Place and gave the stock a “buy” rating in a research note on Friday, June 21st. TheStreet downgraded shares of Weibo from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. B. Riley set a $30.00 price objective on shares of Customers Bancorp and gave the stock a “buy” rating in a research note on Tuesday, May 14th. DA Davidson reiterated a “neutral” rating on shares of Bank of Marin Bancorp in a research note on Tuesday, April 23rd. Finally, ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $124.67.

PLCE stock traded up $1.06 on Tuesday, hitting $94.37. 319,400 shares of the company were exchanged, compared to its average volume of 713,289. Childrens Place has a twelve month low of $82.05 and a twelve month high of $160.23. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.79 and a quick ratio of 0.22. The company has a fifty day simple moving average of $95.90. The firm has a market cap of $1.49 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.97 and a beta of 0.83.

Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of ($0.53) by $0.89. Childrens Place had a net margin of 3.86% and a return on equity of 27.26%. The firm had revenue of $412.40 million during the quarter, compared to analyst estimates of $399.40 million. During the same quarter in the prior year, the business posted $1.87 earnings per share. Childrens Place’s revenue for the quarter was down 5.5% compared to the same quarter last year. Sell-side analysts predict that Childrens Place will post 6.34 earnings per share for the current year.

In other news, SVP Claudia Lima-Guinehut sold 932 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $107.00, for a total value of $99,724.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert F. Helm sold 227 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total transaction of $25,149.33. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Childrens Place by 30.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 953 shares of the company’s stock valued at $86,000 after purchasing an additional 223 shares during the period. Wedbush Securities Inc. bought a new position in Childrens Place during the 1st quarter valued at $201,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Childrens Place during the 1st quarter valued at $211,000. Everence Capital Management Inc. bought a new position in Childrens Place during the 1st quarter valued at $237,000. Finally, Amalgamated Bank bought a new position in Childrens Place during the 4th quarter valued at $226,000.

About Childrens Place

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. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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