Childrens Place (NASDAQ:PLCE) Upgraded by ValuEngine to “Buy”

Childrens Place (NASDAQ:PLCE) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday, ValuEngine reports.

PLCE has been the subject of a number of other reports. B. Riley set a $122.00 price target on shares of Childrens Place and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Wolfe Research reduced their price objective on shares of Childrens Place from $137.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Bank of America set a $115.00 price objective on shares of Childrens Place and gave the stock a “hold” rating in a research report on Monday, August 12th. DA Davidson set a $135.00 price objective on shares of Childrens Place and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Finally, BidaskClub lowered Childrens Place from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $116.00.

NASDAQ:PLCE traded up $2.00 during midday trading on Wednesday, hitting $94.15. 572,399 shares of the company traded hands, compared to its average volume of 746,825. The firm has a market capitalization of $1.37 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.96 and a beta of 0.85. The firm’s fifty day moving average is $86.52 and its 200-day moving average is $95.80. Childrens Place has a 12-month low of $70.43 and a 12-month high of $160.23. The company has a current ratio of 0.77, a quick ratio of 0.20 and a debt-to-equity ratio of 1.37.



Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Childrens Place had a net margin of 3.60% and a return on equity of 26.03%. The company had revenue of $420.50 million during the quarter, compared to analyst estimates of $428.28 million. During the same period in the previous year, the firm earned $0.70 earnings per share. Childrens Place’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, research analysts expect that Childrens Place will post 5.62 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Park West Asset Management LLC increased its stake in Childrens Place by 13.6% in the 2nd quarter. Park West Asset Management LLC now owns 125,000 shares of the company’s stock worth $11,923,000 after buying an additional 15,000 shares during the period. Colony Group LLC lifted its holdings in Childrens Place by 1.8% during the 2nd quarter. Colony Group LLC now owns 16,680 shares of the company’s stock valued at $1,591,000 after buying an additional 300 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Childrens Place in the 2nd quarter valued at about $9,941,000. Royal Bank of Canada boosted its position in Childrens Place by 120.7% in the 2nd quarter. Royal Bank of Canada now owns 2,777 shares of the company’s stock valued at $265,000 after buying an additional 1,519 shares during the period. Finally, Verition Fund Management LLC bought a new position in Childrens Place in the 2nd quarter worth about $452,000.

Childrens Place Company Profile

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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