Children’s Place (NASDAQ:PLCE) Price Target Lowered to $30.00 at Monness Crespi & Hardt

Children’s Place (NASDAQ:PLCE) had its target price cut by Monness Crespi & Hardt from $36.00 to $30.00 in a research note released on Friday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on PLCE. StockNews.com cut shares of Children’s Place from a hold rating to a sell rating in a research report on Tuesday, October 24th. B. Riley boosted their price objective on shares of Children’s Place from $43.00 to $45.00 and gave the company a buy rating in a report on Friday, August 18th. Finally, Telsey Advisory Group restated a market perform rating and issued a $31.00 price objective on shares of Children’s Place in a report on Wednesday, November 15th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $25.00.

Children’s Place Trading Up 1.2 %

Shares of PLCE stock opened at $19.33 on Friday. The company’s 50-day moving average price is $25.67 and its 200-day moving average price is $25.00. The company has a current ratio of 0.85, a quick ratio of 0.15 and a debt-to-equity ratio of 0.42. The stock has a market cap of $241.22 million, a price-to-earnings ratio of -3.12 and a beta of 2.27. Children’s Place has a twelve month low of $14.27 and a twelve month high of $48.88.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Thursday, November 16th. The company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.49 by ($0.27). The firm had revenue of $480.20 million for the quarter, compared to analyst estimates of $465.71 million. Children’s Place had a negative net margin of 4.75% and a negative return on equity of 47.76%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.33 EPS. As a group, equities analysts predict that Children’s Place will post -0.49 earnings per share for the current year.

Institutional Trading of Children’s Place

Several institutional investors and hedge funds have recently bought and sold shares of PLCE. State of Wyoming increased its stake in Children’s Place by 45.7% during the fourth quarter. State of Wyoming now owns 858 shares of the company’s stock worth $31,000 after purchasing an additional 269 shares during the period. Captrust Financial Advisors increased its stake in Children’s Place by 125.4% during the first quarter. Captrust Financial Advisors now owns 888 shares of the company’s stock worth $44,000 after purchasing an additional 494 shares during the period. Western Standard LLC purchased a new stake in Children’s Place during the fourth quarter worth about $40,000. PNC Financial Services Group Inc. increased its stake in Children’s Place by 51.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,171 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares during the period. Finally, Point72 Hong Kong Ltd increased its stake in Children’s Place by 1,517.3% during 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 period. 94.47% of the stock is currently owned by hedge funds and other institutional investors.

Children’s Place Company Profile

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.