Children's Place (NASDAQ:PLCE - Get Free Report) had its price target reduced by analysts at UBS Group from $18.00 to $17.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price suggests a potential upside of 10.46% from the stock's previous close.
Separately, StockNews.com cut shares of Children's Place from a "hold" rating to a "sell" rating in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, Children's Place presently has a consensus rating of "Hold" and an average price target of $11.00.
View Our Latest Research Report on PLCE
Shares of Children's Place stock traded up $1.35 during midday trading on Monday, hitting $15.39. The company had a trading volume of 256,173 shares, compared to its average volume of 1,474,295. The company has a 50 day moving average of $13.52 and a 200 day moving average of $10.32. Children's Place has a 52-week low of $4.77 and a 52-week high of $38.03. The stock has a market capitalization of $195.76 million, a P/E ratio of -1.21 and a beta of 2.24.
Children's Place (NASDAQ:PLCE - Get Free Report) last posted its quarterly earnings results on Wednesday, September 11th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.10) by $1.40. The firm had revenue of $319.66 million during the quarter. Children's Place had a negative return on equity of 4,732.98% and a negative net margin of 10.52%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. purchased a new stake in Children's Place in the third quarter worth about $2,772,000. Susquehanna Fundamental Investments LLC purchased a new position in Children's Place during the 2nd quarter valued at approximately $464,000. Shellback Capital LP purchased a new stake in shares of Children's Place during the 2nd quarter valued at about $423,000. Quest Partners LLC raised its position in Children's Place by 4,217.6% during the third quarter. Quest Partners LLC now owns 52,675 shares of the company's stock valued at $815,000 after purchasing an additional 51,455 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Children's Place by 462.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company's stock valued at $398,000 after purchasing an additional 40,200 shares during the last quarter.
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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