Childrens Place (NASDAQ:PLCE) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.
Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Childrens Place from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. UBS Group upgraded shares of Childrens Place from a “market perform” rating to an “outperform” rating in a report on Monday, May 14th. Bank of America downgraded shares of Childrens Place from a “buy” rating to an “underperform” rating and cut their price target for the company from $175.00 to $115.00 in a report on Friday, March 23rd. Telsey Advisory Group cut their price target on shares of Childrens Place from $190.00 to $165.00 and set an “outperform” rating on the stock in a report on Wednesday, March 21st. Finally, B. Riley set a $167.00 price target on shares of Childrens Place and gave the company a “buy” rating in a report on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $144.60.
Childrens Place opened at $120.80 on Friday, Marketbeat Ratings reports. Childrens Place has a twelve month low of $98.20 and a twelve month high of $161.65. The stock has a market capitalization of $2.07 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.72 and a beta of 0.35.
Childrens Place (NASDAQ:PLCE) last posted its earnings results on Thursday, May 17th. The company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.34). The business had revenue of $436.30 million during the quarter, compared to the consensus estimate of $443.78 million. Childrens Place had a return on equity of 30.86% and a net margin of 4.28%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. research analysts anticipate that Childrens Place will post 8.03 earnings per share for the current year.
Childrens Place announced that its board has initiated a stock repurchase plan on Tuesday, March 20th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
In other Childrens Place news, SVP Anurup Pruthi sold 14,512 shares of the business’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $128.39, for a total value of $1,863,195.68. Following the completion of the sale, the senior vice president now directly owns 15,721 shares of the company’s stock, valued at approximately $2,018,419.19. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.80% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in PLCE. Glen Harbor Capital Management LLC boosted its position in Childrens Place by 36.3% in the 1st quarter. Glen Harbor Capital Management LLC now owns 1,744 shares of the company’s stock valued at $236,000 after buying an additional 464 shares during the period. Elkfork Partners LLC purchased a new stake in Childrens Place in the 4th quarter valued at about $256,000. Invictus RG boosted its position in Childrens Place by 297.2% in the 4th quarter. Invictus RG now owns 1,855 shares of the company’s stock valued at $270,000 after buying an additional 1,388 shares during the period. Gotham Asset Management LLC purchased a new stake in Childrens Place in the 4th quarter valued at about $281,000. Finally, Virtu Financial LLC purchased a new stake in Childrens Place in the 4th quarter valued at about $316,000.
About Childrens Place
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.
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