UBS Group Lowers Children’s Place (NASDAQ:PLCE) Price Target to $6.00

Children’s Place (NASDAQ:PLCE) had its price objective lowered by equities researchers at UBS Group from $7.00 to $6.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 26.18% from the stock’s current price.

Separately, Wall Street Zen raised shares of Children’s Place from a “sell” rating to a “hold” rating in a research note on Friday.

Children’s Place Trading Down 30.7%

Shares of Children’s Place stock traded down $2.11 during trading hours on Monday, reaching $4.76. 4,371,565 shares of the company’s stock were exchanged, compared to its average volume of 993,809. The company has a 50 day moving average of $6.07 and a two-hundred day moving average of $8.83. The stock has a market cap of $60.79 million, a P/E ratio of -0.34 and a beta of 1.81. Children’s Place has a fifty-two week low of $4.73 and a fifty-two week high of $19.74.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Friday, June 6th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($1.44). Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. The business had revenue of $242.13 million for the quarter, compared to analyst estimates of $313.85 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLCE. State of Wyoming bought a new position in shares of Children’s Place in the fourth quarter valued at approximately $37,000. Tower Research Capital LLC TRC purchased a new stake in shares of Children’s Place during the 4th quarter valued at $44,000. Covestor Ltd boosted its holdings in shares of Children’s Place by 156.3% in the 4th quarter. Covestor Ltd now owns 4,408 shares of the company’s stock worth $46,000 after buying an additional 2,688 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Children’s Place by 192.0% in the 1st quarter. Headlands Technologies LLC now owns 6,231 shares of the company’s stock worth $54,000 after buying an additional 4,097 shares during the last quarter. Finally, Man Group plc bought a new position in Children’s Place during the fourth quarter valued at about $111,000.

About Children’s Place

The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S.