Children’s Place (NASDAQ:PLCE) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Children’s Place (NASDAQ:PLCE) in a report released on Wednesday morning, Benzinga reports. Telsey Advisory Group currently has a $9.00 target price on the stock.

A number of other equities analysts have also recently issued reports on PLCE. B. Riley raised shares of Children’s Place from a sell rating to a neutral rating and reduced their price objective for the company from $12.00 to $7.00 in a research note on Wednesday, April 24th. StockNews.com upgraded shares of Children’s Place from a sell rating to a hold rating in a report on Wednesday, May 8th. Finally, Monness Crespi & Hardt lowered shares of Children’s Place from a buy rating to a neutral rating in a report on Friday, February 9th.

Children’s Place Price Performance

Shares of PLCE stock opened at $13.34 on Wednesday. Children’s Place has a 52-week low of $6.58 and a 52-week high of $38.03. The stock has a market cap of $169.22 million, a PE ratio of -1.08 and a beta of 2.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.15 and a current ratio of 0.73. The firm’s 50 day moving average price is $9.94 and its two-hundred day moving average price is $17.32.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings data on Monday, May 6th. The company reported ($7.38) earnings per share (EPS) for the quarter. Children’s Place had a negative net margin of 9.64% and a negative return on equity of 128.82%. The business had revenue of $455.03 million during the quarter. As a group, analysts forecast that Children’s Place will post -0.72 EPS for the current year.

Institutional Investors Weigh In On Children’s Place

Several hedge funds have recently bought and sold shares of PLCE. Mithaq Capital SPC raised its holdings in Children’s Place by 1,932.4% in the first quarter. Mithaq Capital SPC now owns 7,001,387 shares of the company’s stock worth $80,796,000 after purchasing an additional 6,656,894 shares during the period. Jupiter Asset Management Ltd. raised its holdings in Children’s Place by 181.3% in the third quarter. Jupiter Asset Management Ltd. now owns 150,601 shares of the company’s stock worth $4,071,000 after purchasing an additional 97,064 shares during the period. Partnership Wealth Management LLC acquired a new stake in Children’s Place in the fourth quarter worth $1,602,000. Millrace Asset Group Inc. acquired a new stake in shares of Children’s Place during the third quarter worth $1,784,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Children’s Place by 18.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,324 shares of the company’s stock worth $7,229,000 after acquiring an additional 48,964 shares during the period.

About Children’s Place

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.