The Children’s Place, Inc. (NASDAQ:PLCE) Receives Average Recommendation of “Hold” from Brokerages

The Children’s Place, Inc. (NASDAQ:PLCEGet Rating) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $69.60.

Several research firms recently weighed in on PLCE. B. Riley decreased their price objective on shares of Children’s Place from $84.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, August 16th. UBS Group decreased their price objective on shares of Children’s Place from $56.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, July 15th. Finally, Telsey Advisory Group reduced their price target on shares of Children’s Place from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, August 18th.

Insider Buying and Selling 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 on Wednesday, June 29th. The shares were acquired at an average cost of $38.50 per share, for a total transaction of $57,750.00. Following the completion of the transaction, the director now directly owns 20,182 shares of the company’s stock, valued at $777,007. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PLCE. Captrust Financial Advisors grew its holdings in shares of Children’s Place by 25.5% in the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock worth $43,000 after purchasing an additional 226 shares during the last quarter. KBC Group NV bought a new position in shares of Children’s Place in the second quarter worth approximately $46,000. US Asset Management LLC bought a new position in shares of Children’s Place in the first quarter worth approximately $49,000. FourThought Financial LLC grew its holdings in shares of Children’s Place by 78.8% in the first quarter. FourThought Financial LLC now owns 1,162 shares of the company’s stock worth $57,000 after purchasing an additional 512 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in shares of Children’s Place by 1,517.3% in the first quarter. Point72 Hong Kong Ltd now owns 1,213 shares of the company’s stock worth $60,000 after purchasing an additional 1,138 shares during the last quarter. Institutional investors own 94.02% of the company’s stock.

Children’s Place Trading Down 1.0 %

Shares of Children’s Place stock opened at $36.39 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.17 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $43.52 and its 200-day moving average price is $46.16. The company has a market cap of $474.09 million, a price-to-earnings ratio of 4.33 and a beta of 1.95. Children’s Place has a 12-month low of $32.81 and a 12-month high of $113.50.

Children’s Place (NASDAQ:PLCEGet Rating) last posted its quarterly earnings data on Wednesday, August 17th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of $0.97 by ($1.86). The company had revenue of $380.89 million during the quarter, compared to the consensus estimate of $390.42 million. Children’s Place had a return on equity of 60.35% and a net margin of 6.88%. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the company posted $1.71 earnings per share. On average, equities analysts expect that Children’s Place will post 7.03 earnings per share for the current fiscal year.

Children’s Place Company Profile

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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.

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Analyst Recommendations for Children's Place (NASDAQ:PLCE)

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