Children’s Place (NASDAQ:PLCE) Price Target Cut to $13.00 by Analysts at Telsey Advisory Group

Children’s Place (NASDAQ:PLCEFree Report) had its target price decreased by Telsey Advisory Group from $24.00 to $13.00 in a research note issued to investors on Monday, Benzinga reports. Telsey Advisory Group currently has a market perform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. StockNews.com raised shares of Children’s Place from a sell rating to a hold rating in a report on Tuesday, December 19th. B. Riley lowered shares of Children’s Place from a buy rating to a neutral rating and cut their target price for the company from $45.00 to $19.00 in a research note on Monday, November 20th. Finally, Monness Crespi & Hardt lowered shares of Children’s Place from a buy rating to a neutral rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $20.50.

Read Our Latest Stock Analysis on Children’s Place

Children’s Place Price Performance

Children’s Place stock opened at $16.39 on Monday. Children’s Place has a 12-month low of $8.30 and a 12-month high of $47.09. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $22.08 and a 200-day simple moving average of $24.51.

Children’s Place (NASDAQ:PLCEGet Free Report) last issued its quarterly earnings results on Thursday, November 16th. The company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.49 by ($0.27). Children’s Place had a negative net margin of 4.75% and a negative return on equity of 47.76%. The firm had revenue of $480.20 million for the quarter, compared to the consensus estimate of $465.71 million. During the same period in the previous year, the business posted $3.33 earnings per share. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities analysts anticipate that Children’s Place will post -0.61 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. boosted its stake in Children’s Place by 426.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,505 shares of the company’s stock worth $271,000 after purchasing an additional 4,459 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Children’s Place by 35.3% in the first quarter. JPMorgan Chase & Co. now owns 44,948 shares of the company’s stock worth $2,216,000 after buying an additional 11,734 shares during the period. American Century Companies Inc. grew its holdings in shares of Children’s Place by 72.5% during the first quarter. American Century Companies Inc. now owns 47,008 shares of the company’s stock valued at $2,317,000 after buying an additional 19,761 shares in the last quarter. MetLife Investment Management LLC raised its position in Children’s Place by 54.9% during the first quarter. MetLife Investment Management LLC now owns 8,398 shares of the company’s stock valued at $414,000 after buying an additional 2,976 shares during the period. Finally, Rhumbline Advisers raised its position in Children’s Place by 8.2% during the first quarter. Rhumbline Advisers now owns 34,539 shares of the company’s stock valued at $1,703,000 after buying an additional 2,618 shares during the period. 94.47% of the stock is owned by hedge funds and other institutional investors.

Children’s Place Company Profile

(Get Free Report)

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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