Childrens Place (NASDAQ:PLCE) had its price target hoisted by research analysts at Telsey Advisory Group from $140.00 to $164.00 in a report issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 12.83% from the company’s previous close.
A number of other brokerages have also recently weighed in on PLCE. SunTrust Banks assumed coverage on shares of Childrens Place in a research report on Thursday, December 21st. They set a “hold” rating and a $150.00 price target on the stock. BMO Capital Markets set a $130.00 price target on shares of Childrens Place and gave the stock a “hold” rating in a research report on Tuesday, December 19th. BidaskClub raised shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. ValuEngine cut shares of Childrens Place from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, 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 research report on Thursday, November 16th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $135.62.
Shares of Childrens Place (NASDAQ:PLCE) traded up $0.50 during mid-day trading on Tuesday, reaching $145.35. 459,500 shares of the company’s stock were exchanged, compared to its average volume of 520,896. Childrens Place has a 1 year low of $92.95 and a 1 year high of $147.50. The company has a market capitalization of $2,528.44, a PE ratio of 20.59, a PEG ratio of 2.14 and a beta of 0.31.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC increased its stake in Childrens Place by 80.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after buying an additional 565 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Childrens Place in the 3rd quarter valued at $171,000. Flinton Capital Management LLC increased its stake in Childrens Place by 70.0% in the 2nd quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after buying an additional 784 shares during the last quarter. Shelton Capital Management acquired a new stake in Childrens Place in the 3rd quarter valued at $206,000. Finally, Advisor Group Inc. increased its stake in Childrens Place by 169.9% in the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock valued at $209,000 after buying an additional 1,113 shares during the last quarter.
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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.
