Children's Place (NASDAQ:PLCE - Get Free Report) had its price target cut by investment analysts at UBS Group from $11.00 to $9.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective would suggest a potential upside of 12.36% from the stock's current price.
Children's Place Stock Performance
Shares of PLCE traded up $0.12 during trading hours on Tuesday, reaching $8.01. 229,127 shares of the company traded hands, compared to its average volume of 340,987. The stock's fifty day moving average is $9.87 and its 200 day moving average is $11.38. Children's Place has a 1-year low of $4.77 and a 1-year high of $19.74. The stock has a market cap of $102.41 million, a P/E ratio of -0.56 and a beta of 2.47.
Children's Place (NASDAQ:PLCE - Get Free Report) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.63 by ($0.59). Children's Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same period last year, the firm posted $3.22 earnings per share.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd acquired a new position in shares of Children's Place in the 3rd quarter valued at $27,000. FNY Investment Advisers LLC bought a new stake in Children's Place in the fourth quarter valued at about $31,000. Quantbot Technologies LP acquired a new position in Children's Place in the third quarter worth about $33,000. State of Wyoming bought a new position in Children's Place during the fourth quarter worth about $37,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Children's Place during the fourth quarter valued at approximately $44,000.
Children's Place Company Profile
(
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The Children's Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm 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. It operates through The Children's Place U.S.
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