Childrens Place (PLCE) Now Covered by SunTrust Banks

Analysts at SunTrust Banks began coverage on shares of Childrens Place (NASDAQ:PLCE) in a note issued to investors on Thursday, The Fly reports. The firm set a “hold” rating on the stock.

A number of other brokerages also recently commented on PLCE. BMO Capital Markets set a $130.00 target price on Childrens Place and gave the stock a “hold” rating in a research note on Tuesday. BidaskClub upgraded Childrens Place from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. ValuEngine downgraded Childrens Place from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Buckingham Research upped their target price on Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Telsey Advisory Group upped their price target on Childrens Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Childrens Place has an average rating of “Buy” and a consensus price target of $132.42.

Shares of Childrens Place (NASDAQ:PLCE) opened at $137.45 on Thursday. Childrens Place has a one year low of $92.95 and a one year high of $141.95. The company has a market capitalization of $2,379.71, a PE ratio of 18.82, a PEG ratio of 2.02 and a beta of 0.33.

Childrens Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The firm had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. During the same quarter in the prior year, the business earned $2.29 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year. analysts forecast that Childrens Place will post 7.54 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in PLCE. BlackRock Inc. raised its holdings in shares of 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 acquiring an additional 2,420,052 shares during the last quarter. FMR LLC raised its holdings in shares of 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 acquiring an additional 731,158 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of 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 acquiring an additional 401,300 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 357,029 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Childrens Place during the first quarter valued at approximately $26,204,000.

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About Childrens Place

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.

The Fly

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)