Childrens Place (PLCE) Receives “Buy” Rating from Monness Crespi & Hardt

Childrens Place (NASDAQ:PLCE)‘s stock had its “buy” rating reissued by equities research analysts at Monness Crespi & Hardt in a research note issued to investors on Friday, Marketbeat.com reports. They presently have a $150.00 price objective on the stock, down from their prior price objective of $165.00. Monness Crespi & Hardt’s target price would indicate a potential upside of 46.66% from the company’s current price.

Several other analysts also recently commented on PLCE. BidaskClub raised shares of Childrens Place from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Citigroup raised their price objective on shares of Childrens Place from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, August 24th. ValuEngine raised shares of Childrens Place from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Bank of America raised shares of Childrens Place from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, B. Riley reiterated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $145.64.

Shares of PLCE stock opened at $102.28 on Friday. The company has a market cap of $1.75 billion, a PE ratio of 13.07, a P/E/G ratio of 1.72 and a beta of 0.17. Childrens Place has a 52 week low of $99.54 and a 52 week high of $161.65.

Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings data on Thursday, December 6th. The company reported $3.07 EPS for the quarter, hitting the consensus estimate of $3.07. The company had revenue of $522.50 million during the quarter, compared to the consensus estimate of $511.19 million. Childrens Place had a net margin of 4.00% and a return on equity of 37.97%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 EPS. Research analysts expect that Childrens Place will post 7.74 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. bought a new position in shares of Childrens Place in the 2nd quarter worth $110,000. Point72 Hong Kong Ltd bought a new position in shares of Childrens Place in the 2nd quarter worth $138,000. GSA Capital Partners LLP bought a new position in shares of Childrens Place in the 3rd quarter worth $236,000. FNY Investment Advisers LLC bought a new position in shares of Childrens Place in the 3rd quarter worth $239,000. Finally, BKS Advisors LLC bought a new position in shares of Childrens Place in the 2nd quarter worth $242,000.

About Childrens Place

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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