Childrens Place (PLCE) Rating Reiterated by Wolfe Research

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Childrens Place (NASDAQ:PLCE)‘s stock had its “peer perform” rating reissued by analysts at Wolfe Research in a research note issued on Thursday, MarketBeat.com reports. They presently have a $135.00 target price on the stock, down from their previous target price of $169.00. Wolfe Research’s price objective points to a potential upside of 31.99% from the stock’s current price.

A number of other research firms have also recently commented on PLCE. Monness Crespi & Hardt raised Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Friday, August 24th. They noted that the move was a valuation call. BidaskClub cut Childrens Place from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 8th. Citigroup upped their price objective on Childrens Place from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, August 24th. Bank of America raised Childrens Place from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, ValuEngine raised Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Childrens Place currently has an average rating of “Buy” and an average price target of $145.64.

NASDAQ PLCE opened at $102.28 on Thursday. Childrens Place has a 12 month low of $99.54 and a 12 month high of $161.65. The company has a market capitalization of $1.75 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.72 and a beta of 0.17.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Thursday, December 6th. The company reported $3.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $3.07. Childrens Place had a return on equity of 37.97% and a net margin of 4.00%. The company had revenue of $522.50 million for the quarter, compared to analysts’ expectations of $511.19 million. During the same period in the previous year, the firm earned $2.58 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, analysts anticipate that Childrens Place will post 7.74 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Sapphire Star Partners LP raised its holdings in Childrens Place by 5.0% during the 3rd quarter. Sapphire Star Partners LP now owns 7,326 shares of the company’s stock valued at $937,000 after buying an additional 352 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Childrens Place by 11.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,915 shares of the company’s stock valued at $500,000 after buying an additional 395 shares during the period. Alps Advisors Inc. raised its holdings in Childrens Place by 11.6% during the 2nd quarter. Alps Advisors Inc. now owns 4,072 shares of the company’s stock valued at $592,000 after buying an additional 423 shares during the period. Legal & General Group Plc raised its holdings in Childrens Place by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 36,511 shares of the company’s stock valued at $4,456,000 after buying an additional 427 shares during the period. Finally, Yorktown Management & Research Co Inc raised its holdings in Childrens Place by 9.7% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 5,108 shares of the company’s stock valued at $653,000 after buying an additional 452 shares during the period.

Childrens Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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