Children’s Place (NASDAQ:PLCE) PT Lowered to $70.00 at Telsey Advisory Group

Children’s Place (NASDAQ:PLCEGet Rating) had its price target dropped by equities researchers at Telsey Advisory Group from $80.00 to $70.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 46.63% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. TheStreet lowered Children’s Place from a “b-” rating to a “c+” rating in a research report on Wednesday, February 16th. StockNews.com lowered Children’s Place from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group decreased their target price on Children’s Place from $85.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, March 23rd. B. Riley decreased their target price on Children’s Place from $105.00 to $84.00 and set a “na” rating for the company in a research report on Tuesday. Finally, Citigroup decreased their target price on Children’s Place from $72.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, March 10th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $91.29.

NASDAQ PLCE opened at $47.74 on Friday. The firm has a market capitalization of $645.44 million, a P/E ratio of 3.79 and a beta of 2.00. The business has a fifty day simple moving average of $50.07 and a 200 day simple moving average of $68.27. Children’s Place has a 12 month low of $42.70 and a 12 month high of $113.50. The company has a current ratio of 0.98, a quick ratio of 0.26 and a debt-to-equity ratio of 0.22.

Children’s Place (NASDAQ:PLCEGet Rating) last released its quarterly earnings results on Thursday, May 19th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.41). The company had revenue of $362.40 million during the quarter, compared to analysts’ expectations of $401.59 million. Children’s Place had a net margin of 9.77% and a return on equity of 104.74%. The company’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.25 earnings per share. As a group, sell-side analysts predict that Children’s Place will post 11.39 EPS for the current fiscal year.

In other news, Director John E. Bachman acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 23rd. The stock was bought at an average price of $48.83 per share, with a total value of $122,075.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.01% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in PLCE. First Trust Advisors LP increased its holdings in Children’s Place by 98.8% in the 1st quarter. First Trust Advisors LP now owns 10,020 shares of the company’s stock worth $975,000 after acquiring an additional 4,979 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Children’s Place by 12.1% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 13,865 shares of the company’s stock worth $1,349,000 after acquiring an additional 1,502 shares during the last quarter. Morgan Stanley boosted its stake in Children’s Place by 21.7% in the 2nd quarter. Morgan Stanley now owns 216,030 shares of the company’s stock worth $20,103,000 after purchasing an additional 38,552 shares during the period. Swiss National Bank boosted its stake in Children’s Place by 0.7% in the 3rd quarter. Swiss National Bank now owns 30,700 shares of the company’s stock worth $2,310,000 after purchasing an additional 200 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in Children’s Place by 11.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 4,526 shares of the company’s stock worth $341,000 after purchasing an additional 450 shares during the period. 99.58% of the stock is owned by institutional investors.

About Children’s Place (Get Rating)

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, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, and Sugar & Jade brand names.

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