Children’s Place (NASDAQ:PLCE) Downgraded to Sell at B. Riley

Children’s Place (NASDAQ:PLCEGet Free Report) was downgraded by investment analysts at B. Riley from a “neutral” rating to a “sell” rating in a report released on Tuesday, Briefing.com reports. They currently have a $4.00 target price on the stock, down from their previous target price of $19.00. B. Riley’s price objective indicates a potential downside of 75.59% from the company’s current price.

Several other equities research analysts also recently commented on PLCE. Telsey Advisory Group decreased their target price on shares of Children’s Place from $24.00 to $13.00 and set a “market perform” rating for the company in a research report on Monday. Monness Crespi & Hardt downgraded shares of Children’s Place from a “buy” rating to a “neutral” rating in a research report on Friday. Finally, StockNews.com raised shares of Children’s Place from a “sell” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, Children’s Place presently has a consensus rating of “Hold” and a consensus target price of $16.75.

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Children’s Place Price Performance

Shares of NASDAQ PLCE opened at $16.39 on Tuesday. The firm’s 50-day moving average price is $22.08 and its 200-day moving average price is $24.51. Children’s Place has a 1-year low of $8.30 and a 1-year high of $47.09. The firm has a market capitalization of $204.55 million, a P/E ratio of -2.64 and a beta of 2.08. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 0.42.

Children’s Place (NASDAQ:PLCEGet Free Report) last announced its quarterly earnings data 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 company 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%. Children’s Place’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.33 EPS. Equities research analysts anticipate that Children’s Place will post -0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd grew its position in shares of Children’s Place by 122.0% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 68,706 shares of the company’s stock valued at $1,595,000 after acquiring an additional 37,754 shares during the period. Partnership Wealth Management LLC bought a new position in shares of Children’s Place during the 4th quarter valued at approximately $1,602,000. BNP Paribas Financial Markets grew its position in shares of Children’s Place by 1,397.6% during the 4th quarter. BNP Paribas Financial Markets now owns 26,672 shares of the company’s stock valued at $619,000 after acquiring an additional 24,891 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Children’s Place by 18.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,324 shares of the company’s stock valued at $7,229,000 after acquiring an additional 48,964 shares during the period. Finally, Headlands Technologies LLC grew its position in shares of Children’s Place by 26.6% during the 4th quarter. Headlands Technologies LLC now owns 3,584 shares of the company’s stock valued at $83,000 after acquiring an additional 753 shares during the period. 94.47% of the stock is owned by institutional investors.

Children’s Place Company Profile

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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.

Further Reading

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