Brokerages Set The Children’s Place, Inc. (NASDAQ:PLCE) Price Target at $73.60

The Children’s Place, Inc. (NASDAQ:PLCEGet Rating) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $73.60.

A number of analysts recently issued reports on PLCE shares. UBS Group lowered their price target on Children’s Place from $56.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, July 15th. B. Riley reduced their price objective on shares of Children’s Place from $105.00 to $84.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Telsey Advisory Group reduced their price objective on shares of Children’s Place from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, May 20th. StockNews.com downgraded shares of Children’s Place from a “buy” rating to a “hold” rating in a research note on Wednesday, May 18th. Finally, Citigroup downgraded shares of Children’s Place from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $48.00 to $36.00 in a research note on Monday, May 23rd.

Children’s Place Stock Down 2.0 %

Shares of NASDAQ PLCE opened at $46.85 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.19 and a current ratio of 0.96. The firm has a market capitalization of $617.20 million, a price-to-earnings ratio of 4.26 and a beta of 1.97. The stock has a 50 day moving average price of $43.42 and a 200 day moving average price of $51.48. Children’s Place has a 52-week low of $36.97 and a 52-week high of $113.50.

Children’s Place (NASDAQ:PLCEGet Rating) last announced its quarterly earnings results on Thursday, May 19th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.61). The firm had revenue of $362.40 million during the quarter, compared to analysts’ expectations of $401.59 million. Children’s Place had a net margin of 8.78% and a return on equity of 79.55%. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.25 EPS. Sell-side analysts expect that Children’s Place will post 10.05 earnings per share for the current year.

Insider Transactions at Children’s Place

In other Children’s Place news, Director John E. Bachman purchased 1,500 shares of Children’s Place stock in a transaction dated Wednesday, June 29th. The shares were acquired at an average cost of $38.50 per share, with a total value of $57,750.00. Following the completion of the transaction, the director now owns 20,182 shares in the company, valued at approximately $777,007. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Children’s Place

Large investors have recently made changes to their positions in the business. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Children’s Place by 35.2% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 117,862 shares of the company’s stock valued at $9,345,000 after buying an additional 30,660 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Children’s Place during the fourth quarter valued at $5,291,000. Isthmus Partners LLC grew its holdings in shares of Children’s Place by 3.5% during the first quarter. Isthmus Partners LLC now owns 9,176 shares of the company’s stock valued at $452,000 after buying an additional 312 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Children’s Place by 1.8% during the fourth quarter. New York State Teachers Retirement System now owns 23,252 shares of the company’s stock valued at $1,844,000 after buying an additional 400 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Children’s Place by 1.2% during the fourth quarter. Public Sector Pension Investment Board now owns 28,486 shares of the company’s stock valued at $2,259,000 after buying an additional 330 shares during the last quarter. 99.58% of the stock is owned by institutional investors and hedge funds.

About Children’s Place

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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.

Further Reading

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