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

StockNews.com cut shares of Children’s Place (NASDAQ:PLCE) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Several other equities research analysts have also commented on the company. UBS Group decreased their price target on Children’s Place from $24.00 to $12.00 and set a neutral rating on the stock in a research note on Tuesday, June 11th. B. Riley raised Children’s Place from a sell rating to a neutral rating and lowered their target price for the company from $12.00 to $7.00 in a report on Wednesday, April 24th. Finally, Telsey Advisory Group restated a market perform rating and issued a $9.00 price target on shares of Children’s Place in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $14.50.

Children’s Place Stock Down 3.5 %

Children’s Place stock opened at $9.24 on Tuesday. The stock’s 50 day moving average price is $9.98 and its 200 day moving average price is $14.13. The company has a market cap of $117.44 million, a PE ratio of -0.71 and a beta of 2.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.89 and a quick ratio of 0.15. Children’s Place has a 1-year low of $6.58 and a 1-year high of $38.03.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, June 12th. The company reported ($1.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.05) by ($0.13). Children’s Place had a negative return on equity of 233.44% and a negative net margin of 10.56%. The company had revenue of $267.88 million for the quarter, compared to analyst estimates of $327.38 million. During the same period last year, the company earned ($2.12) earnings per share. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. On average, sell-side analysts predict that Children’s Place will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Children’s Place

Hedge funds have recently modified their holdings of the company. Mithaq Capital SPC boosted its position in Children’s Place by 1,932.4% during the first quarter. Mithaq Capital SPC now owns 7,001,387 shares of the company’s stock worth $80,796,000 after acquiring an additional 6,656,894 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Children’s Place by 18.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,324 shares of the company’s stock valued at $7,229,000 after purchasing an additional 48,964 shares during the period. Partnership Wealth Management LLC increased its stake in Children’s Place by 80.3% in the first quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company’s stock valued at $1,496,000 after purchasing an additional 57,740 shares during the last quarter. Towerview LLC lifted its position in Children’s Place by 10.5% during the fourth 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. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Children’s Place by 122.0% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 68,706 shares of the company’s stock worth $1,595,000 after buying an additional 37,754 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.