Children’s Place (NASDAQ:PLCE) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Children’s Place (NASDAQ:PLCE) from a strong sell rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

PLCE has been the topic of several other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Children’s Place in a research report on Thursday, July 2nd. UBS Group reduced their price target on Children’s Place from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Children’s Place presently has a consensus rating of “Reduce” and a consensus price target of $3.25.

Children’s Place Stock Up 1.5%

Shares of NASDAQ:PLCE opened at $2.04 on Friday. The firm has a fifty day moving average of $2.54 and a two-hundred day moving average of $3.11. The firm has a market capitalization of $45.37 million, a P/E ratio of -0.34 and a beta of 1.97. Children’s Place has a 12-month low of $1.82 and a 12-month high of $9.56.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings results on Monday, September 14th. The company reported ($0.82) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.11. The company had revenue of $241.80 million during the quarter, compared to analyst estimates of $268.48 million.

Institutional Investors Weigh In On Children’s Place

Several institutional investors and hedge funds have recently modified their holdings of PLCE. Two Sigma Securities LLC bought a new stake in Children’s Place in the second quarter worth $64,000. Bank of America Corp DE raised its holdings in Children’s Place by 98.6% during the first quarter. Bank of America Corp DE now owns 57,054 shares of the company’s stock valued at $192,000 after buying an additional 28,322 shares in the last quarter. Finally, Immersion Corp bought a new position in Children’s Place during the fourth quarter valued at about $1,886,000.

Children’s Place Company Profile

The Children’s Place, Inc (NASDAQ: PLCE) is a specialty retailer focused on apparel, footwear, accessories and related products for children. Its merchandise generally serves infants, toddlers, young children and older youth, with offerings that include everyday clothing, seasonal styles, sleepwear, school-related apparel and accessories.

The company sells products primarily through its e-commerce operations and a network of retail stores under The Children’s Place and Gymboree brand names.