Children’s Place (NASDAQ:PLCE) received a $130.00 price objective from equities research analysts at B. Riley in a report released on Wednesday, November 15th, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. B. Riley’s price objective points to a potential downside of 4.66% from the stock’s previous close. B. Riley also issued estimates for Children’s Place’s Q4 2018 earnings at $2.12 EPS, FY2018 earnings at $7.51 EPS and FY2019 earnings at $7.93 EPS.
A number of other brokerages have also issued reports on PLCE. FBR & Co reiterated a “buy” rating and set a $127.00 price target on shares of Children’s Place in a research report on Monday, October 2nd. BidaskClub upgraded Children’s Place from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets restated a “hold” rating and issued a $112.00 price objective on shares of Children’s Place in a report on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $131.67.
Children’s Place (PLCE) traded up $3.65 during trading on Wednesday, reaching $136.35. The company had a trading volume of 500,802 shares, compared to its average volume of 531,484. Children’s Place has a 12-month low of $92.95 and a 12-month high of $139.95. The firm has a market cap of $2,308.39, a price-to-earnings ratio of 18.25, a PEG ratio of 1.96 and a beta of 0.33.
Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.12. Children’s Place had a return on equity of 26.58% and a net margin of 7.07%. The company had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. During the same period in the previous year, the business earned $2.29 EPS. Children’s Place’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts forecast that Children’s Place will post 7.54 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLCE. TrimTabs Asset Management LLC lifted its holdings in Children’s Place by 17.1% during the third quarter. TrimTabs Asset Management LLC now owns 3,220 shares of the company’s stock worth $380,000 after acquiring an additional 471 shares in the last quarter. Shelton Capital Management bought a new position in Children’s Place during the third quarter worth about $206,000. Greenlight Capital Inc. bought a new position in Children’s Place during the third quarter worth about $7,844,000. Public Employees Retirement System of Ohio lifted its holdings in Children’s Place by 52.3% during the third quarter. Public Employees Retirement System of Ohio now owns 64,763 shares of the company’s stock worth $7,652,000 after acquiring an additional 22,239 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Children’s Place by 2.3% during the third quarter. California Public Employees Retirement System now owns 45,620 shares of the company’s stock worth $5,390,000 after acquiring an additional 1,020 shares in the last quarter.
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Children’s Place Company Profile
The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.
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