Children’s Place (NASDAQ:PLCE) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

Several other research analysts have also recently issued reports on the stock. ValuEngine cut shares of Children’s Place from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. BMO Capital Markets set a $121.00 target price on shares of Children’s Place and gave the company a “hold” rating in a report on Friday, November 17th. Buckingham Research upped their target price on shares of Children’s Place from $139.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, November 16th. Telsey Advisory Group increased their price target on shares of Children’s Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Finally, B. Riley set a $130.00 price target on shares of Children’s Place and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Children’s Place currently has a consensus rating of “Buy” and an average price target of $131.67.

Shares of Children’s Place (NASDAQ PLCE) traded up $1.50 during trading on Wednesday, hitting $136.50. 339,926 shares of the stock traded hands, compared to its average volume of 617,866. Children’s Place has a fifty-two week low of $92.95 and a fifty-two week high of $139.95. The firm has a market cap of $2,374.55, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.01 and a beta of 0.33.

Children’s Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. Children’s Place had a net margin of 7.07% and a return on equity of 26.58%. The business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. During the same quarter in the prior year, the business posted $2.29 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. sell-side analysts expect that Children’s Place will post 7.54 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Children’s Place by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock worth $247,660,000 after purchasing an additional 32,057 shares during the period. Royce & Associates LP lifted its stake in shares of Children’s Place by 2.4% in the 3rd quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock worth $136,104,000 after acquiring an additional 27,431 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Children’s Place by 3.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 806,129 shares of the company’s stock worth $82,305,000 after acquiring an additional 27,887 shares during the period. FMR LLC lifted its stake in shares of Children’s Place by 7,303.5% in the 2nd quarter. FMR LLC now owns 741,169 shares of the company’s stock worth $75,674,000 after acquiring an additional 731,158 shares during the period. Finally, LSV Asset Management lifted its stake in shares of Children’s Place by 49.9% in the 2nd quarter. LSV Asset Management now owns 694,668 shares of the company’s stock worth $70,925,000 after acquiring an additional 231,111 shares during the period.

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Children’s 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.

Analyst Recommendations for Children`s Place (NASDAQ:PLCE)

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