Children’s Place (NASDAQ:PLCE – Get Rating) had its price target reduced by stock analysts at UBS Group from $85.00 to $60.00 in a research note issued to investors on Wednesday, The Fly reports. UBS Group’s price objective would indicate a potential upside of 17.35% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Children’s Place from a “buy” rating to a “hold” rating in a report on Friday, March 11th. Citigroup decreased their price target on shares of Children’s Place from $72.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 10th. TheStreet downgraded shares of Children’s Place from a “b-” rating to a “c+” rating in a research note on Wednesday, February 16th. Telsey Advisory Group decreased their price target on shares of Children’s Place from $130.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, March 7th. Finally, B. Riley decreased their price target on shares of Children’s Place from $122.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, March 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $97.43.
Children’s Place stock opened at $51.13 on Wednesday. Children’s Place has a 12-month low of $49.67 and a 12-month high of $113.50. The stock has a market cap of $734.33 million, a P/E ratio of 4.06 and a beta of 2.15. The company has a 50-day moving average price of $63.59 and a 200 day moving average price of $77.97. The company has a current ratio of 0.98, a quick ratio of 0.26 and a debt-to-equity ratio of 0.22.
Children’s Place (NASDAQ:PLCE – Get Rating) last announced its quarterly earnings results on Wednesday, March 9th. The company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.17. The business had revenue of $507.80 million during the quarter, compared to analysts’ expectations of $537.73 million. Children’s Place had a net margin of 9.77% and a return on equity of 104.74%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.01 earnings per share. As a group, analysts forecast that Children’s Place will post 10.73 EPS for the current year.
In other news, Director Joseph A. Alutto sold 5,424 shares of Children’s Place stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $79.13, for a total value of $429,201.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.01% of the company’s stock.
Several institutional investors have recently made changes to their positions in PLCE. FourThought Financial LLC increased its stake in Children’s Place by 289.2% in the 3rd quarter. FourThought Financial LLC now owns 650 shares of the company’s stock valued at $48,000 after buying an additional 483 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Children’s Place in the 4th quarter valued at $61,000. US Asset Management LLC acquired a new position in Children’s Place in the 3rd quarter valued at $75,000. Patriot Financial Group Insurance Agency LLC increased its stake in Children’s Place by 120.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,060 shares of the company’s stock valued at $80,000 after buying an additional 580 shares during the period. Finally, Price T Rowe Associates Inc. MD acquired a new position in Children’s Place in the 2nd quarter valued at $248,000.
About Children’s Place
The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. The firm operates through the following segments: Children’s Place U.S.