Children’s Place (NASDAQ:PLCE) Downgraded to Sell at StockNews.com

Children’s Place (NASDAQ:PLCE) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Other equities analysts have also issued research reports about the stock. UBS Group dropped their target price on shares of Children’s Place from $24.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, June 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 price target on shares of Children’s Place in a report on Wednesday, May 22nd. Finally, B. Riley raised shares of Children’s Place from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $12.00 to $7.00 in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.50.

Children’s Place Stock Down 0.1 %

Shares of PLCE traded down $0.01 during mid-day trading on Monday, hitting $7.31. The stock had a trading volume of 287,170 shares, compared to its average volume of 1,146,910. The company’s fifty day simple moving average is $8.82 and its two-hundred day simple moving average is $12.40. The company has a market cap of $92.90 million, a PE ratio of -0.56 and a beta of 2.18. Children’s Place has a fifty-two week low of $6.58 and a fifty-two week high of $38.03.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings data on Wednesday, June 12th. The company reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of ($1.05) by ($0.13). The company had revenue of $267.88 million for the quarter, compared to analyst estimates of $327.38 million. Children’s Place had a negative net margin of 10.56% and a negative return on equity of 233.44%. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the company posted ($2.12) EPS.

Institutional Trading of Children’s Place

Several institutional investors have recently made changes to their positions in PLCE. SG Americas Securities LLC acquired a new position in shares of Children’s Place in the 4th quarter valued at approximately $137,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Children’s Place by 47.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,124 shares of the company’s stock valued at $73,000 after purchasing an additional 999 shares in the last quarter. Towerview LLC raised its holdings in Children’s Place by 10.5% during the 4th quarter. Towerview LLC now owns 84,000 shares of the company’s stock worth $1,950,000 after buying an additional 8,000 shares during the period. Headlands Technologies LLC lifted its stake in Children’s Place by 26.6% in the 4th quarter. Headlands Technologies LLC now owns 3,584 shares of the company’s stock worth $83,000 after acquiring an additional 753 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Children’s Place by 18.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,324 shares of the company’s stock worth $7,229,000 after purchasing an additional 48,964 shares during the last quarter.

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.