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Stock analysts at Goldman Sachs dropped their price target on shares of Children's Place Retail Stores (NASDAQ:PLCE) to $36.00 in a report issued on Tuesday. Goldman Sachs’ price target would indicate a potential downside of 25.29% from the stock’s previous close.

Children's Place Retail Stores (NASDAQ:PLCE) traded down 3.32% during mid-day trading on Tuesday, hitting $46.585. The stock had a trading volume of 339,431 shares. Children's Place Retail Stores has a 52 week low of $44.54 and a 52 week high of $58.89. The stock’s 50-day moving average is $48. and its 200-day moving average is $52.42. The company has a market cap of $1.025 billion and a price-to-earnings ratio of 20.77.

Children's Place Retail Stores (NASDAQ:PLCE) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.01. The company had revenue of $467.50 million for the quarter, compared to the consensus estimate of $484.82 million. During the same quarter last year, the company posted $1.15 earnings per share. Children's Place Retail Stores’s revenue was down 8.2% compared to the same quarter last year. On average, analysts predict that Children's Place Retail Stores will post $3.01 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on PLCE. Analysts at Zacks upgraded shares of Children's Place Retail Stores from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $47.40 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Children's Place Retail Stores in a research note on Friday, April 11th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet downgraded shares of Children's Place Retail Stores from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Children's Place Retail Stores has an average rating of “Hold” and an average target price of $54.40.

The Children’s Place Retail Stores, Inc operates as a specialty retailer of apparel and accessories for children.

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