Children’s Place (NASDAQ:PLCE) Price Target Cut to $6.00 by Analysts at UBS Group

Children’s Place (NASDAQ:PLCE) had its price target decreased by UBS Group from $7.00 to $6.00 in a research note released on Monday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Separately, Wall Street Zen raised Children’s Place from a “sell” rating to a “hold” rating in a research report on Friday.

Children’s Place Stock Performance

Shares of PLCE opened at $4.65 on Monday. The stock has a 50 day simple moving average of $5.97 and a 200 day simple moving average of $8.75. Children’s Place has a 52-week low of $4.62 and a 52-week high of $19.74. The firm has a market capitalization of $59.45 million, a PE ratio of -0.33 and a beta of 1.81.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Friday, June 6th. The company reported ($1.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($1.44). The company had revenue of $242.13 million during the quarter, compared to the consensus estimate of $313.85 million. Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PLCE. State of Wyoming acquired a new position in Children’s Place during the fourth quarter valued at approximately $37,000. Tower Research Capital LLC TRC acquired a new stake in shares of Children’s Place in the 4th quarter valued at approximately $44,000. Covestor Ltd boosted its holdings in shares of Children’s Place by 156.3% in the 4th quarter. Covestor Ltd now owns 4,408 shares of the company’s stock valued at $46,000 after buying an additional 2,688 shares during the last quarter. Headlands Technologies LLC grew its position in shares of Children’s Place by 192.0% in the 1st quarter. Headlands Technologies LLC now owns 6,231 shares of the company’s stock valued at $54,000 after acquiring an additional 4,097 shares during the period. Finally, Man Group plc acquired a new position in shares of Children’s Place during the 4th quarter worth about $111,000.

Children’s Place Company Profile

The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S.