Telsey Advisory Group Trims Children’s Place (NASDAQ:PLCE) Target Price to $50.00

Children’s Place (NASDAQ:PLCEGet 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.

Children’s Place (NASDAQ:PLCEGet Rating) last announced its earnings results on Wednesday, August 17th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($1.57). The company had revenue of $380.89 million for the quarter, compared to the consensus estimate of $390.42 million. Children’s Place had a net margin of 5.02% and a return on equity of 43.35%. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the business posted $1.71 EPS. As a group, analysts expect that Children’s Place will post 4.18 EPS for the current fiscal year.

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

(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.

Featured Articles

Receive News & Ratings for Children's Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Children's Place and related companies with MarketBeat.com's FREE daily email newsletter.