Children’s Place, Inc. (The) (NASDAQ:PLCE) Downgraded by BidaskClub

Children’s Place, Inc. (The) (NASDAQ:PLCE) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday, July 28th.

PLCE has been the subject of a number of other research reports. FBR & Co restated a “buy” rating on shares of Children’s Place, Inc. (The) in a report on Tuesday, April 18th. BMO Capital Markets set a $112.00 price objective on Children’s Place, Inc. (The) and gave the stock a “hold” rating in a report on Thursday, May 18th. Telsey Advisory Group upgraded Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Monday, June 26th. Morgan Stanley boosted their price objective on Children’s Place, Inc. (The) from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, May 22nd. Finally, Bank of America Corporation set a $140.00 price objective on Children’s Place, Inc. (The) and gave the stock a “buy” rating in a report on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Children’s Place, Inc. (The) presently has an average rating of “Buy” and an average target price of $125.00.

Shares of Children’s Place, Inc. (PLCE) traded up 3.10% during mid-day trading on Friday, hitting $118.00. The company’s stock had a trading volume of 1,416,706 shares. Children’s Place, Inc. has a 1-year low of $70.90 and a 1-year high of $125.30. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 19.56 and a beta of 0.33. The company has a 50-day moving average of $104.20 and a 200 day moving average of $107.57.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last issued its quarterly earnings data on Thursday, May 18th. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.31. Children’s Place, Inc. (The) had a return on equity of 23.00% and a net margin of 6.25%. The company had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $422.51 million. During the same quarter in the previous year, the company posted $1.32 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. On average, analysts expect that Children’s Place, Inc. will post $7.24 EPS for the current year.

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In other Children’s Place, Inc. (The) news, insider Michael Scarpa sold 37,231 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $108.08, for a total transaction of $4,023,926.48. Following the completion of the sale, the insider now directly owns 59,084 shares in the company, valued at $6,385,798.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Low sold 14,517 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $109.04, for a total value of $1,582,933.68. Following the sale, the senior vice president now owns 33,565 shares of the company’s stock, valued at $3,659,927.60. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Children’s Place, Inc. (The) during the fourth quarter valued at about $26,916,000. Quadrature Capital Ltd increased its position in shares of Children’s Place, Inc. (The) by 126.4% in the fourth quarter. Quadrature Capital Ltd now owns 14,632 shares of the company’s stock valued at $1,477,000 after buying an additional 8,170 shares during the period. Teachers Advisors LLC increased its position in shares of Children’s Place, Inc. (The) by 11.9% in the fourth quarter. Teachers Advisors LLC now owns 201,783 shares of the company’s stock valued at $20,370,000 after buying an additional 21,383 shares during the period. Copper Rock Capital Partners LLC increased its position in shares of Children’s Place, Inc. (The) by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 389,801 shares of the company’s stock valued at $47,439,000 after buying an additional 6,588 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in shares of Children’s Place, Inc. (The) during the first quarter valued at about $384,000.

About Children’s Place, Inc. (The)

The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.

Analyst Recommendations for Children`s Place, Inc. (The) (NASDAQ:PLCE)

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