Childrens Place (NASDAQ:PLCE)‘s stock had its “hold” rating restated by stock analysts at Barclays in a research report issued to clients and investors on Thursday, AnalystRatings.com reports. They currently have a $55.00 price objective on the stock. Barclays‘s price target would suggest a potential upside of 1.27% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. B. Riley restated a “neutral” rating and set a $59.00 price target on shares of Childrens Place in a report on Wednesday. DA Davidson set a $135.00 price objective on Childrens Place and gave the company a “buy” rating in a report on Friday, September 13th. Wedbush downgraded Childrens Place from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $130.00 to $60.00 in a report on Wednesday. Zacks Investment Research increased their price objective on Childrens Place to $106.75 in a report on Tuesday, October 15th. Finally, ValuEngine downgraded Childrens Place from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Childrens Place presently has a consensus rating of “Hold” and a consensus target price of $91.16.
Shares of NASDAQ PLCE opened at $54.31 on Thursday. The stock’s 50-day moving average is $76.33 and its two-hundred day moving average is $85.24. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.77 and a quick ratio of 0.20. Childrens Place has a 1-year low of $53.80 and a 1-year high of $116.84. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 1.57 and a beta of 0.72.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PLCE. Balyasny Asset Management LLC increased its holdings in shares of Childrens Place by 293.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 497,064 shares of the company’s stock valued at $47,410,000 after acquiring an additional 370,870 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Childrens Place by 98.1% in the 2nd quarter. Invesco Ltd. now owns 433,207 shares of the company’s stock valued at $41,320,000 after acquiring an additional 214,538 shares during the last quarter. Morgan Stanley increased its holdings in shares of Childrens Place by 861.4% in the 2nd quarter. Morgan Stanley now owns 140,011 shares of the company’s stock valued at $13,354,000 after acquiring an additional 125,448 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Childrens Place by 483.1% in the 3rd quarter. Squarepoint Ops LLC now owns 139,908 shares of the company’s stock valued at $10,772,000 after acquiring an additional 115,914 shares during the last quarter. Finally, Maverick Capital Ltd. purchased a new position in shares of Childrens Place in the 2nd quarter valued at about $9,941,000.
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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