Childrens Place (NASDAQ:PLCE) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Friday, May 31st, TheStreetRatingsTable reports.
A number of other research analysts have also commented on PLCE. BidaskClub lowered shares of Childrens Place from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 14th. B. Riley cut their target price on shares of Childrens Place from $167.00 to $122.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. ValuEngine upgraded shares of Childrens Place from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 5th. Citigroup downgraded shares of Childrens Place from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $130.00 to $97.00 in a research note on Tuesday, February 26th. Finally, Deutsche Bank assumed coverage on shares of Childrens Place in a research note on Tuesday, April 16th. They issued a “hold” rating and a $103.00 price target for the company. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Childrens Place has an average rating of “Buy” and a consensus target price of $124.67.
Shares of PLCE traded up $1.71 during trading hours on Friday, reaching $93.39. The stock had a trading volume of 681,379 shares, compared to its average volume of 731,064. The company has a market cap of $1.48 billion, a PE ratio of 13.84, a PEG ratio of 1.79 and a beta of 0.86. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.79 and a quick ratio of 0.22. Childrens Place has a 12 month low of $82.05 and a 12 month high of $160.23. The stock has a 50-day moving average price of $99.44.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.53) by $0.89. Childrens Place had a return on equity of 27.26% and a net margin of 3.86%. The firm had revenue of $412.40 million during the quarter, compared to the consensus estimate of $399.40 million. During the same period last year, the business posted $1.87 EPS. The business’s revenue was down 5.5% compared to the same quarter last year. On average, research analysts predict that Childrens Place will post 6.34 EPS for the current year.
In related news, SVP Claudia Lima-Guinehut sold 932 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $107.00, for a total transaction of $99,724.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total transaction of $25,149.33. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Childrens Place by 65.4% in the 1st quarter. FMR LLC now owns 2,115,024 shares of the company’s stock worth $205,749,000 after buying an additional 836,154 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Childrens Place by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock worth $68,708,000 after buying an additional 6,015 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of Childrens Place in the 1st quarter worth $71,212,000. Royce & Associates LP grew its stake in shares of Childrens Place by 24.9% in the 1st quarter. Royce & Associates LP now owns 625,100 shares of the company’s stock worth $60,810,000 after buying an additional 124,540 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in shares of Childrens Place by 50.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 469,246 shares of the company’s stock worth $45,648,000 after buying an additional 157,331 shares in the last quarter.
Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through 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, and Baby Place brand names.
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