Children’s Place Retail Stores Price Target Increased to $65.00 by Analysts at FBR Capital Markets (PLCE)
Investment analysts at FBR Capital Markets upped their price target on shares of Children’s Place Retail Stores (NASDAQ:PLCE) from $62.00 to $65.00 in a note issued to investors on Tuesday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price suggests a potential upside of 13.52% from the stock’s previous close.
Children’s Place Retail Stores (NASDAQ:PLCE) traded down 0.28% during mid-day trading on Tuesday, hitting $57.26. 250,935 shares of the company’s stock traded hands. Children’s Place Retail Stores has a 1-year low of $43.01 and a 1-year high of $58.89. The stock has a 50-day moving average of $55.34 and a 200-day moving average of $54.6. The company has a market cap of $1.275 billion and a P/E ratio of 23.42.
Children’s Place Retail Stores (NASDAQ:PLCE) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.83 by $0.06. The company had revenue of $492.70 million for the quarter, compared to the consensus estimate of $502.40 million. During the same quarter last year, the company posted $1.60 earnings per share. Children’s Place Retail Stores’s revenue was down 1.6% compared to the same quarter last year. Analysts expect that Children’s Place Retail Stores will post $3.26 EPS for the current fiscal year.
PLCE has been the subject of a number of other recent research reports. Analysts at Maxim Group reiterated a “buy” rating on shares of Children’s Place Retail Stores in a research note to investors on Wednesday, November 27th. They now have a $62.00 price target on the stock. Separately, analysts at Monness Crespi & Hardt downgraded shares of Children’s Place Retail Stores from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 21st. Finally, analysts at Stephens initiated coverage on shares of Children’s Place Retail Stores in a research note to investors on Tuesday, November 19th. They set an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $53.03.
The Children’s Place Retail Stores, Inc operates as a specialty retailer of apparel and accessories for children.
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