UBS Group Lowers Children’s Place (NASDAQ:PLCE) Price Target to $17.00

Children’s Place (NASDAQ:PLCE) had its price objective cut by UBS Group from $18.00 to $17.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 11.26% from the stock’s previous close.

Separately, StockNews.com downgraded shares of Children’s Place from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Children’s Place currently has a consensus rating of “Hold” and an average price target of $11.00.

Children’s Place Price Performance

NASDAQ:PLCE opened at $15.28 on Monday. The firm’s 50 day simple moving average is $13.93 and its 200 day simple moving average is $10.42. Children’s Place has a one year low of $4.77 and a one year high of $38.03. The company has a market cap of $194.33 million, a PE ratio of -1.20 and a beta of 2.24.

Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, September 11th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.10) by $1.40. The firm had revenue of $319.66 million for the quarter. Children’s Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%.

Institutional Trading of Children’s Place

Hedge funds have recently modified their holdings of the stock. Covestor Ltd bought a new stake in shares of Children’s Place in the 3rd quarter valued at $27,000. Quantbot Technologies LP bought a new stake in shares of Children’s Place in the 3rd quarter valued at $33,000. FORA Capital LLC bought a new stake in shares of Children’s Place in the 3rd quarter valued at $158,000. Dark Forest Capital Management LP increased its stake in shares of Children’s Place by 67.7% in the 2nd quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock valued at $147,000 after acquiring an additional 7,272 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Children’s Place in the 3rd quarter valued at $323,000.

Children’s Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.