Childrens Place (NASDAQ:PLCE) had its price objective raised by investment analysts at Citigroup from $90.00 to $106.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the stock. Citigroup‘s price target suggests a potential downside of 5.45% from the stock’s previous close.
PLCE has been the topic of several other reports. BidaskClub lowered Childrens Place from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Bank of America reissued a “neutral” rating and set a $105.00 target price (up from $95.00) on shares of Childrens Place in a report on Friday, April 5th. ValuEngine raised Childrens Place from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. Deutsche Bank assumed coverage on Childrens Place in a report on Tuesday, April 16th. They set a “hold” rating and a $103.00 target price on the stock. Finally, B. Riley set a $122.00 target price on Childrens Place and gave the stock a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $124.67.
Shares of NASDAQ PLCE opened at $112.11 on Thursday. Childrens Place has a one year low of $82.05 and a one year high of $160.23. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.41 and a beta of 0.69.
Childrens Place (NASDAQ:PLCE) last released its earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.89. The company had revenue of $412.40 million for the quarter, compared to analyst estimates of $399.40 million. Childrens Place had a return on equity of 34.25% and a net margin of 5.21%. Childrens Place’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.87 EPS. Equities research analysts predict that Childrens Place will post 5.64 earnings per share for the current year.
In related news, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $110.79, for a total value of $25,149.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of PLCE. Ceredex Value Advisors LLC bought a new position in Childrens Place in the first quarter valued at about $71,212,000. Greenvale Capital LLP bought a new position in shares of Childrens Place during the first quarter worth about $36,480,000. Neuberger Berman Group LLC bought a new position in shares of Childrens Place during the first quarter worth about $31,900,000. Daruma Capital Management LLC bought a new position in shares of Childrens Place during the first quarter worth about $28,679,000. Finally, FMR LLC grew its stake in Childrens Place by 27.9% in the fourth quarter. FMR LLC now owns 1,278,870 shares of the company’s stock valued at $115,212,000 after acquiring an additional 278,872 shares during the period.
Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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