The Children’s Place, Inc. (NASDAQ:PLCE – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the four research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $30.75.
Several research analysts have weighed in on PLCE shares. StockNews.com assumed coverage on shares of Children’s Place in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $22.00 target price on shares of Children’s Place in a research note on Wednesday, August 16th. B. Riley boosted their price target on Children’s Place from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, August 18th. UBS Group decreased their price objective on Children’s Place from $40.00 to $20.00 in a report on Thursday, May 25th. Finally, Monness Crespi & Hardt lifted their target price on Children’s Place from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, August 18th.
Children’s Place Price Performance
Children’s Place (NASDAQ:PLCE – Get Free Report) last released its quarterly earnings data on Thursday, August 17th. The company reported ($2.12) EPS for the quarter, topping analysts’ consensus estimates of ($2.13) by $0.01. The firm had revenue of $345.60 million during the quarter, compared to analysts’ expectations of $342.20 million. Children’s Place had a negative net margin of 4.40% and a negative return on equity of 37.87%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.89) earnings per share. On average, equities analysts expect that Children’s Place will post 0.94 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Jane T. Elfers acquired 43,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was purchased at an average cost of $23.70 per share, with a total value of $1,019,100.00. Following the acquisition, the chief executive officer now directly owns 370,033 shares of the company’s stock, valued at $8,769,782.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Children’s Place
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in Children’s Place by 23.6% during the second quarter. Wells Fargo & Company MN now owns 5,727 shares of the company’s stock worth $133,000 after purchasing an additional 1,094 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Children’s Place during the 2nd quarter worth $426,000. Goldman Sachs Group Inc. boosted its stake in Children’s Place by 8.4% in the second quarter. Goldman Sachs Group Inc. now owns 73,610 shares of the company’s stock valued at $1,708,000 after buying an additional 5,703 shares in the last quarter. Quarry LP bought a new position in Children’s Place in the second quarter valued at about $59,000. Finally, Boothbay Fund Management LLC raised its stake in Children’s Place by 62.6% during the second quarter. Boothbay Fund Management LLC now owns 85,822 shares of the company’s stock worth $1,992,000 after acquiring an additional 33,036 shares in the last quarter. 94.47% of the stock is currently owned by institutional investors and hedge funds.
About Children’s Place
The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.
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