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

Children’s Place (NASDAQ:PLCEGet Free Report) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

A number of other brokerages have also issued reports on PLCE. B. Riley lowered shares of Children’s Place from a “buy” rating to a “neutral” rating and cut their price target for the company from $45.00 to $19.00 in a research note on Monday, November 20th. Telsey Advisory Group cut their price target on shares of Children’s Place from $24.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Monness Crespi & Hardt lowered shares of Children’s Place from a “buy” rating to a “neutral” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Children’s Place presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Read Our Latest Research Report on PLCE

Children’s Place Stock Up 31.1 %

NASDAQ:PLCE traded up $3.88 during midday trading on Monday, reaching $16.39. 8,032,041 shares of the stock traded hands, compared to its average volume of 1,119,183. Children’s Place has a 12-month low of $8.30 and a 12-month high of $47.09. The business has a 50-day moving average of $22.08 and a two-hundred day moving average of $24.51. 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 stock has a market capitalization of $204.55 million, a PE ratio of -2.64 and a beta of 2.08.

Children’s Place (NASDAQ:PLCEGet Free Report) last posted its earnings results on Thursday, November 16th. The company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.49 by ($0.27). Children’s Place had a negative net margin of 4.75% and a negative return on equity of 47.76%. The firm had revenue of $480.20 million for the quarter, compared to analysts’ expectations of $465.71 million. During the same period in the previous year, the company earned $3.33 EPS. The company’s revenue was down 5.7% on a year-over-year basis. On average, equities analysts forecast that Children’s Place will post -0.61 earnings per share for the current fiscal year.

Institutional Trading of Children’s Place

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming lifted its holdings in Children’s Place by 45.7% during the fourth quarter. State of Wyoming now owns 858 shares of the company’s stock valued at $31,000 after purchasing an additional 269 shares in the last quarter. Western Standard LLC acquired a new stake in shares of Children’s Place during the fourth quarter valued at about $40,000. Captrust Financial Advisors increased its position in shares of Children’s Place by 25.5% during the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $43,000 after acquiring an additional 226 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Children’s Place by 51.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,171 shares of the company’s stock valued at $43,000 after acquiring an additional 399 shares during the last quarter. Finally, Alpha Paradigm Partners LLC acquired a new position in shares of Children’s Place in the third quarter valued at approximately $49,000. Institutional investors and hedge funds 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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