Children’s Place (NASDAQ:PLCE – Get Rating) had its target price lowered by stock analysts at Telsey Advisory Group from $65.00 to $50.00 in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 25.34% from the company’s previous close. Telsey Advisory Group also issued estimates for Children’s Place’s Q1 2024 earnings at $1.15 EPS and Q3 2024 earnings at $3.96 EPS.
Several other analysts have also recently issued reports on the company. StockNews.com initiated coverage on Children’s Place in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. UBS Group lowered their price objective on Children’s Place from $46.00 to $43.00 and set a “neutral” rating for the company in a research report on Tuesday, November 15th. Finally, B. Riley lowered their price objective on Children’s Place from $84.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $49.50.
Children’s Place Stock Up 2.5 %
Shares of NASDAQ PLCE opened at $39.89 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.17 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $519.77 million, a PE ratio of 6.27 and a beta of 2.07. The stock’s fifty day simple moving average is $37.23 and its two-hundred day simple moving average is $42.03. Children’s Place has a 12-month low of $29.20 and a 12-month high of $113.47.
Institutional Trading of Children’s Place
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLCE. Captrust Financial Advisors lifted its position in Children’s Place by 25.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock worth $43,000 after acquiring an additional 226 shares during the period. KBC Group NV acquired a new stake in Children’s Place during the 2nd quarter worth about $46,000. Alpha Paradigm Partners LLC acquired a new stake in Children’s Place during the 3rd quarter worth about $49,000. FourThought Financial LLC lifted its position in Children’s Place by 78.8% during the 1st quarter. FourThought Financial LLC now owns 1,162 shares of the company’s stock worth $57,000 after acquiring an additional 512 shares during the period. Finally, Point72 Hong Kong Ltd lifted its position in Children’s Place by 1,517.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,213 shares of the company’s stock worth $60,000 after acquiring an additional 1,138 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.
About Children’s 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, 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.
- Get a free copy of the StockNews.com research report on Children’s Place (PLCE)
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