Children’s Place (NASDAQ:PLCE) Shares Up 6.4%

The Children’s Place, Inc. (NASDAQ:PLCE – Get Rating)’s stock price was up 6.4% on Friday . The company traded as high as $41.99 and last traded at $41.78. Approximately 3,457 shares traded hands during trading, a decline of 99% from the average daily volume of 317,299 shares. The stock had previously closed at $39.27.

Analysts Set New Price Targets

Several research firms have issued reports on PLCE. Monness Crespi & Hardt dropped their price target on Children’s Place to $50.00 in a report on Monday, November 21st. StockNews.com began coverage on Children’s Place in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. UBS Group dropped their price target on Children’s Place from $46.00 to $43.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 15th. Finally, Telsey Advisory Group cut their price objective on Children’s Place from $65.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, November 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Children’s Place presently has an average rating of “Hold” and a consensus price target of $49.60.

Children’s Place Stock Up 9.0 %

The firm has a market cap of $523.36 million, a PE ratio of 6.73 and a beta of 1.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.17. The business has a fifty day moving average price of $37.11 and a two-hundred day moving average price of $39.56.

Children’s Place (NASDAQ:PLCE – Get Rating) last released its earnings results on Thursday, November 17th. The company reported $3.33 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.64). The business had revenue of $509.12 million for the quarter, compared to analysts’ expectations of $500.53 million. Children’s Place had a net margin of 5.02% and a return on equity of 43.35%. On average, analysts anticipate that The Children’s Place, Inc. will post 4.17 EPS for the current fiscal year.

Institutional Trading of Children’s Place

Hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Children’s Place by 24.1% during the 2nd quarter. Franklin Resources Inc. now owns 1,307,167 shares of the company’s stock valued at $50,875,000 after buying an additional 253,484 shares during the last quarter. Point72 Asset Management L.P. grew its position in Children’s Place by 363.1% in the third quarter. Point72 Asset Management L.P. now owns 209,323 shares of the company’s stock worth $6,466,000 after acquiring an additional 164,123 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Children’s Place by 73.5% during the 1st quarter. Renaissance Technologies LLC now owns 348,360 shares of the company’s stock worth $17,174,000 after purchasing an additional 147,600 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Children’s Place during the 2nd quarter valued at $3,649,000. Finally, Federated Hermes Inc. acquired a new stake in shares of Children’s Place in the 3rd quarter valued at $2,786,000. 98.73% of the stock is currently owned by hedge funds and other institutional investors.

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.