Citigroup Boosts Childrens Place (PLCE) Price Target to $167.00

Childrens Place (NASDAQ:PLCE) had its target price hoisted by Citigroup from $154.00 to $167.00 in a report issued on Monday. Citigroup currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Childrens Place from a hold rating to a buy rating in a report on Tuesday, October 23rd. BidaskClub upgraded shares of Childrens Place from a hold rating to a buy rating in a report on Friday, October 12th. Monness Crespi & Hardt upgraded shares of Childrens Place from a neutral rating to a buy rating and set a $165.00 price target on the stock in a report on Friday, August 24th. They noted that the move was a valuation call. Finally, B. Riley reaffirmed a buy rating on shares of Childrens Place in a research report on Wednesday, November 14th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Childrens Place has a consensus rating of Buy and a consensus target price of $150.70.

NASDAQ PLCE opened at $123.15 on Monday. Childrens Place has a one year low of $112.55 and a one year high of $161.65. The company has a market capitalization of $2.13 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.96 and a beta of 0.17.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its position in Childrens Place by 2.3% in the third quarter. BlackRock Inc. now owns 2,336,783 shares of the company’s stock valued at $298,641,000 after acquiring an additional 51,966 shares in the last quarter. FMR LLC grew its position in shares of Childrens Place by 20.5% during the third quarter. FMR LLC now owns 999,998 shares of the company’s stock worth $127,799,000 after buying an additional 170,198 shares in the last quarter. LSV Asset Management grew its position in shares of Childrens Place by 7.0% during the second quarter. LSV Asset Management now owns 757,836 shares of the company’s stock worth $91,546,000 after buying an additional 49,555 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Childrens Place by 44.2% during the second quarter. Voya Investment Management LLC now owns 635,588 shares of the company’s stock worth $76,779,000 after buying an additional 194,722 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Childrens Place by 2.3% during the third quarter. Thrivent Financial for Lutherans now owns 424,556 shares of the company’s stock worth $54,259,000 after buying an additional 9,361 shares in the last quarter.

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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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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