Children’s Place (NASDAQ:PLCE) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Children’s Place (NASDAQ:PLCEFree Report) from a sell rating to a hold rating in a research note published on Monday morning.

Several other equities research analysts have also weighed in on PLCE. B. Riley lowered shares of Children’s Place from a buy rating to a neutral rating and lowered their target price for the stock from $45.00 to $19.00 in a report on Monday, November 20th. Telsey Advisory Group decreased their price objective on shares of Children’s Place from $24.00 to $13.00 and set a market perform rating on the stock in a report on Monday. Finally, Monness Crespi & Hardt lowered shares of Children’s Place from a buy rating to a neutral rating in a report on Friday. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Children’s Place has a consensus rating of Hold and an average target price of $20.50.

View Our Latest Stock Analysis on Children’s Place

Children’s Place Trading Up 31.1 %

Shares of PLCE stock opened at $16.39 on Monday. Children’s Place has a 52-week low of $8.30 and a 52-week high of $47.09. The stock has a market cap of $204.55 million, a price-to-earnings ratio of -2.64 and a beta of 2.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.19 and a current ratio of 0.85. The firm has a fifty day moving average of $22.08 and a 200-day moving average of $24.51.

Children’s Place (NASDAQ:PLCEGet Free Report) last posted its 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). Children’s Place had a negative return on equity of 47.76% and a negative net margin of 4.75%. The firm had revenue of $480.20 million during the quarter, compared to the consensus estimate of $465.71 million. During the same period in the previous year, the company posted $3.33 EPS. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Children’s Place will post -0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Children’s Place

A number of hedge funds have recently added to or reduced their stakes in PLCE. State of Wyoming lifted its position in Children’s Place by 45.7% during the 4th quarter. State of Wyoming now owns 858 shares of the company’s stock valued at $31,000 after purchasing an additional 269 shares during the period. Western Standard LLC acquired a new position in Children’s Place during the 4th quarter valued at about $40,000. Captrust Financial Advisors lifted its position in Children’s Place by 25.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $43,000 after purchasing an additional 226 shares during the period. PNC Financial Services Group Inc. lifted its position in Children’s Place by 51.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,171 shares of the company’s stock valued at $43,000 after purchasing an additional 399 shares during the period. Finally, Alpha Paradigm Partners LLC acquired a new position in Children’s Place during the 3rd quarter valued at about $49,000. Institutional investors own 94.47% of the company’s stock.

About Children’s Place

(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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