Brokerages Set The Children’s Place, Inc. (NASDAQ:PLCE) Target Price at $91.29

Shares of The Children’s Place, Inc. (NASDAQ:PLCEGet Rating) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $76.40.

PLCE has been the topic of several recent research reports. Citigroup cut shares of Children’s Place from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $48.00 to $36.00 in a research note on Monday. Telsey Advisory Group dropped their price objective on shares of Children’s Place from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, May 20th. B. Riley dropped their price objective on shares of Children’s Place from $105.00 to $84.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. UBS Group decreased their target price on shares of Children’s Place from $85.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 23rd. Finally, StockNews.com lowered shares of Children’s Place from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th.

In other Children’s Place news, Director John E. Bachman acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 23rd. The shares were acquired at an average cost of $48.83 per share, for a total transaction of $122,075.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.01% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in PLCE. Franklin Resources Inc. lifted its holdings in Children’s Place by 266.6% in the 3rd quarter. Franklin Resources Inc. now owns 695,880 shares of the company’s stock valued at $52,372,000 after purchasing an additional 506,079 shares in the last quarter. Impala Asset Management LLC acquired a new position in shares of Children’s Place during the 4th quarter valued at about $14,225,000. Renaissance Technologies LLC increased its stake in shares of Children’s Place by 816.2% during the 4th quarter. Renaissance Technologies LLC now owns 200,760 shares of the company’s stock valued at $15,918,000 after acquiring an additional 178,847 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Children’s Place by 125.6% during the 4th quarter. JPMorgan Chase & Co. now owns 33,214 shares of the company’s stock valued at $2,634,000 after acquiring an additional 163,048 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Children’s Place during the 4th quarter valued at about $7,778,000. Institutional investors own 99.58% of the company’s stock.

Shares of Children’s Place stock traded up $0.80 during trading on Friday, reaching $47.92. The company’s stock had a trading volume of 513,445 shares, compared to its average volume of 561,683. The company has a 50-day moving average price of $49.09 and a two-hundred day moving average price of $66.10. The firm has a market cap of $647.83 million, a PE ratio of 4.35 and a beta of 2.00. Children’s Place has a fifty-two week low of $36.97 and a fifty-two week high of $113.50. The company has a current ratio of 0.96, a quick ratio of 0.26 and a debt-to-equity ratio of 0.23.

Children’s Place (NASDAQ:PLCEGet Rating) last announced its earnings results on Thursday, May 19th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.41). The business had revenue of $362.40 million during the quarter, compared to analyst estimates of $401.59 million. Children’s Place had a net margin of 8.78% and a return on equity of 79.55%. The business’s revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.25 earnings per share. On average, analysts predict that Children’s Place will post 10.82 earnings per share for the current fiscal year.

About Children’s Place (Get Rating)

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in 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, Baby Place, Gymboree, and Sugar & Jade brand names.

See Also

Receive News & Ratings for Children's Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Children's Place and related companies with MarketBeat.com's FREE daily email newsletter.