Childrens Place Inc (NASDAQ:PLCE) Given Average Rating of “Buy” by Brokerages

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Shares of Childrens Place Inc (NASDAQ:PLCE) have been given a consensus recommendation of “Buy” by the fourteen research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $112.34.

Several research analysts have recently issued reports on PLCE shares. Wolfe Research lowered their price target on shares of Childrens Place from $137.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. ValuEngine downgraded shares of Childrens Place from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Bank of America set a $115.00 price target on shares of Childrens Place and gave the stock a “hold” rating in a report on Monday, August 12th. Zacks Investment Research upped their price target on shares of Childrens Place to $106.75 in a report on Tuesday, October 15th. Finally, DA Davidson set a $135.00 price target on shares of Childrens Place and gave the stock a “buy” rating in a report on Friday, September 13th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Childrens Place by 0.6% in the second quarter. Vanguard Group Inc. now owns 1,648,768 shares of the company’s stock valued at $157,259,000 after purchasing an additional 9,423 shares during the period. Bank of New York Mellon Corp increased its holdings in Childrens Place by 22.4% in the second quarter. Bank of New York Mellon Corp now owns 563,825 shares of the company’s stock valued at $53,779,000 after purchasing an additional 103,008 shares during the period. Balyasny Asset Management LLC increased its holdings in Childrens Place by 293.9% in the second quarter. Balyasny Asset Management LLC now owns 497,064 shares of the company’s stock valued at $47,410,000 after purchasing an additional 370,870 shares during the period. Invesco Ltd. increased its holdings in Childrens Place by 98.1% in the second quarter. Invesco Ltd. now owns 433,207 shares of the company’s stock valued at $41,320,000 after purchasing an additional 214,538 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. increased its holdings in Childrens Place by 4.3% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 275,827 shares of the company’s stock valued at $26,308,000 after purchasing an additional 11,478 shares during the period.

Shares of NASDAQ:PLCE opened at $72.36 on Monday. The company has a fifty day moving average of $78.17 and a 200-day moving average of $87.54. The company has a market capitalization of $1.13 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 1.53 and a beta of 0.72. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.20 and a current ratio of 0.77. Childrens Place has a 52-week low of $68.25 and a 52-week high of $133.23.

About Childrens Place

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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