Childrens Place (NASDAQ:PLCE) has been given a $130.00 target price by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. BMO Capital Markets’ price objective would indicate a potential downside of 4.97% from the company’s current price.
PLCE has been the subject of a number of other reports. BidaskClub upgraded shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. B. Riley reiterated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. Buckingham Research lifted their price target on shares of Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Telsey Advisory Group lifted their price target on shares of Childrens Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Finally, ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $132.42.
Shares of Childrens Place (NASDAQ:PLCE) traded down $3.80 during midday trading on Tuesday, hitting $136.80. 337,100 shares of the stock were exchanged, compared to its average volume of 525,593. The stock has a market capitalization of $2,445.81, a P/E ratio of 19.34, a PEG ratio of 2.07 and a beta of 0.33. Childrens Place has a 1-year low of $92.95 and a 1-year high of $141.95.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Childrens Place by 19,592.4% during the first quarter. BlackRock Inc. now owns 2,432,404 shares of the company’s stock valued at $292,011,000 after buying an additional 2,420,052 shares in the last quarter. FMR LLC lifted its position in Childrens Place by 7,303.5% during the second quarter. FMR LLC now owns 741,169 shares of the company’s stock valued at $75,674,000 after buying an additional 731,158 shares in the last quarter. Renaissance Technologies LLC lifted its position in Childrens Place by 374.8% during the fourth quarter. Renaissance Technologies LLC now owns 508,360 shares of the company’s stock valued at $51,319,000 after buying an additional 401,300 shares in the last quarter. Vanguard Group Inc. lifted its position in Childrens Place by 20.7% during the second quarter. Vanguard Group Inc. now owns 2,081,151 shares of the company’s stock valued at $166,866,000 after buying an additional 357,029 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Childrens Place during the first quarter valued at approximately $26,204,000.
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.
