Childrens Place Rating Reiterated by JPMorgan Chase & Co. (PLCE)
Childrens Place (NASDAQ:PLCE)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Monday. They currently have a $52.00 target price on the stock, down from their previous target price of $54.00. JPMorgan Chase & Co.’s price target points to a potential upside of 4.69% from the company’s current price.
A number of other firms have also recently commented on PLCE. Analysts at Maxim Group reiterated a “buy” rating on shares of Childrens Place in a research note on Wednesday, June 18th. Separately, analysts at CRT Capital initiated coverage on shares of Childrens Place in a research note on Thursday, June 12th. They set a “fair value” rating and a $52.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Childrens Place in a research note on Tuesday, June 10th. They now have a $59.00 price target on the stock, up previously from $56.00. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $54.64.
Shares of Childrens Place (NASDAQ:PLCE) traded up 1.23% on Monday, hitting $50.28. 288,221 shares of the company’s stock traded hands. Childrens Place has a 52-week low of $44.54 and a 52-week high of $58.89. The stock’s 50-day moving average is $49.52 and its 200-day moving average is $49.94. The company has a market cap of $1.098 billion and a price-to-earnings ratio of 23.74.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.61 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.61. The company had revenue of $410.10 million for the quarter, compared to the consensus estimate of $407.99 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts expect that Childrens Place will post $3.02 EPS for the current fiscal year.
Childrens Place Inc(NASDAQ:PLCE), formerly The Children’s Place Retail Stores, Inc, is a pure-play children’s specialty apparel retailer in North America.
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