Children's Place (NASDAQ:PLCE - Get Free Report) had its price target dropped by analysts at UBS Group from $18.00 to $17.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price target would suggest a potential upside of 13.26% from the stock's previous close.
Separately, StockNews.com downgraded shares of Children's Place from a "hold" rating to a "sell" rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $11.00.
Check Out Our Latest Stock Analysis on PLCE
Children's Place Stock Up 6.9 %
Shares of Children's Place stock traded up $0.97 on Monday, hitting $15.01. The stock had a trading volume of 398,584 shares, compared to its average volume of 1,474,935. The stock has a market cap of $190.93 million, a price-to-earnings ratio of -1.18 and a beta of 2.24. The stock's 50-day simple moving average is $13.72 and its two-hundred day simple moving average is $10.37. Children's Place has a one year low of $4.77 and a one year high of $38.03.
Children's Place (NASDAQ:PLCE - Get Free Report) last announced its quarterly earnings data on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of ($1.10) by $1.40. The company had revenue of $319.66 million for the quarter. Children's Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%.
Institutional Trading of Children's Place
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. purchased a new position in shares of Children's Place in the third quarter valued at approximately $2,772,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Children's Place during the 2nd quarter worth approximately $464,000. Quest Partners LLC grew its stake in shares of Children's Place by 4,217.6% in the third quarter. Quest Partners LLC now owns 52,675 shares of the company's stock valued at $815,000 after buying an additional 51,455 shares in the last quarter. Shellback Capital LP purchased a new stake in Children's Place during the second quarter worth about $423,000. Finally, Canada Pension Plan Investment Board increased its stake in Children's Place by 462.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company's stock worth $398,000 after buying an additional 40,200 shares during the period.
Children's Place Company Profile
(
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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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