SunTrust Banks Raises Childrens Place (NASDAQ:PLCE) Price Target to $157.00

Childrens Place (NASDAQ:PLCE) had its price objective increased by analysts at SunTrust Banks to $157.00 in a research report issued to clients and investors on Tuesday, January 9th, The Fly reports. The firm currently has a “hold” rating on the stock. SunTrust Banks’ price target would indicate a potential upside of 1.52% from the stock’s previous close. SunTrust Banks also issued estimates for Childrens Place’s Q4 2018 earnings at $2.50 EPS, FY2018 earnings at $7.88 EPS, Q1 2019 earnings at $2.29 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $2.95 EPS, Q4 2019 earnings at $2.67 EPS and FY2019 earnings at $8.49 EPS. The analysts noted that the move was a valuation call.

Other research analysts also recently issued research reports about the stock. Buckingham Research raised their target price on shares of Childrens Place from $139.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. B. Riley reissued a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 1st. FBR & Co restated a “buy” rating and issued a $127.00 price target on shares of Childrens Place in a report on Monday, October 2nd. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, BMO Capital Markets set a $130.00 price target on shares of Childrens Place and gave the company a “hold” rating in a report on Tuesday, December 19th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Childrens Place has an average rating of “Buy” and a consensus target price of $139.15.

Shares of Childrens Place (NASDAQ PLCE) traded up $1.10 on Tuesday, hitting $154.65. 364,528 shares of the stock traded hands, compared to its average volume of 571,691. Childrens Place has a 1-year low of $92.95 and a 1-year high of $161.65. The stock has a market capitalization of $2,720.00, a P/E ratio of 21.94, a P/E/G ratio of 2.24 and a beta of 0.31.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. The company had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 EPS. analysts expect that Childrens Place will post 7.87 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in PLCE. Riverhead Capital Management LLC lifted its stake in Childrens Place by 80.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after acquiring an additional 565 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Childrens Place during the 3rd quarter valued at approximately $171,000. Flinton Capital Management LLC increased its holdings in shares of Childrens Place by 70.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after purchasing an additional 784 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Childrens Place during the 3rd quarter valued at approximately $206,000. Finally, Advisor Group Inc. increased its holdings in shares of Childrens Place by 169.9% during the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock valued at $209,000 after purchasing an additional 1,113 shares in the last quarter.

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Childrens Place Company Profile

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.

The Fly

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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