Childrens Place (PLCE) Given a $130.00 Price Target by BMO Capital Markets Analysts

Childrens Place (NASDAQ:PLCE) has been assigned a $130.00 price target by equities researchers at BMO Capital Markets in a report issued on Tuesday, December 19th. The brokerage presently has a “hold” rating on the stock. BMO Capital Markets’ price target would indicate a potential downside of 17.41% from the company’s current price.

Several other analysts have also issued reports on PLCE. FBR & Co reaffirmed a “buy” rating and set a $127.00 price target on shares of Childrens Place in a research report on Monday, October 2nd. B. Riley reissued a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 1st. ValuEngine raised shares of Childrens Place from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Telsey Advisory Group increased their price objective on shares of Childrens Place from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, Buckingham Research increased their price objective on shares of Childrens Place from $139.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $139.15.

Shares of Childrens Place (PLCE) opened at $157.40 on Tuesday. Childrens Place has a 1 year low of $92.95 and a 1 year high of $158.35. The stock has a market cap of $2,740.00, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.19 and a beta of 0.31.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The firm had revenue of $490.00 million for the quarter, compared to analyst estimates of $480.28 million. During the same period in the prior year, the firm posted $2.29 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. equities analysts predict that Childrens Place will post 7.54 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in PLCE. FMR LLC grew its stake in shares of Childrens Place by 7,303.5% in the second quarter. FMR LLC now owns 741,169 shares of the company’s stock valued at $75,674,000 after acquiring an additional 731,158 shares in the last quarter. LSV Asset Management grew its stake in shares of Childrens Place by 49.9% in the second quarter. LSV Asset Management now owns 694,668 shares of the company’s stock valued at $70,925,000 after acquiring an additional 231,111 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Childrens Place by 179.0% in the second quarter. Systematic Financial Management LP now owns 295,581 shares of the company’s stock valued at $30,179,000 after acquiring an additional 189,623 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Childrens Place by 39.9% in the second quarter. Voya Investment Management LLC now owns 551,468 shares of the company’s stock valued at $56,305,000 after acquiring an additional 157,333 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its stake in shares of Childrens Place by 144.9% in the second quarter. Balyasny Asset Management LLC now owns 199,899 shares of the company’s stock valued at $20,410,000 after acquiring an additional 118,267 shares in the last quarter.

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About Childrens Place

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.

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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