Children’s Place (NASDAQ:PLCE) downgraded by StockNews.com to hold


Children’s place (NASDAQ: PLCEGet a rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note released Wednesday to investors.

Other equity research analysts have also recently released reports on the company. B. Riley dropped its price target on Children’s Place from $105.00 to $84.00 and gave the stock a “na” rating in a research report on Tuesday. Citigroup lowered its price target on Children’s Place from $72.00 to $60.00 and set a “neutral” rating on the stock in a Thursday, March 10 research report. UBS Group lowered its price target on Children’s Place from $85.00 to $60.00 and set a “neutral” rating on the stock in a Wednesday, March 23 research report. TheStreet upgraded Children’s Place from a “b-” rating to a “c+” rating in a research report on Wednesday, February 16. Finally, Telsey Advisory Group lowered its price target on Children’s Place from $130.00 to $80.00 and set an “outperform” rating on the stock in a Monday, March 7 research report. Four equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat.com, Children’s Place currently has a consensus rating of “Hold” and a consensus price target of $94.43.

Stock Place for children opened at $48.25 on Wednesday. The company has a debt ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.26. Children’s Place has a one-year minimum of $43.26 and a one-year maximum of $113.50. The stock has a market capitalization of $652.29 million, a PE ratio of 3.83 and a beta of 2.00. The company’s 50-day moving average is $50.37 and its 200-day moving average is $68.71.

Children’s place (NASDAQ: PLCEGet a rating) last released its quarterly earnings data on Wednesday, March 9. The company reported EPS of $3.02 for the quarter, beating the consensus estimate of $2.82 by $0.20. Children’s Place had a return on equity of 104.74% and a net margin of 9.77%. The company posted revenue of $507.80 million for the quarter, compared to $537.73 million expected by analysts. During the same period last year, the company posted earnings per share of $1.01. Children’s Place revenue increased 7.4% compared to the same quarter last year. As a group, sell-side analysts expect Children’s Place to post EPS of 11.39 for the current fiscal year.

Separately, director John E. Bachman acquired 2,500 shares of the company in a transaction dated Wednesday, March 23. The shares were purchased at an average price of $48.83 per share, with a total value of $122,075.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. 3.57% of the shares are held by insiders of the company.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Ensign Peak Advisors Inc increased its stake in shares of Children’s Place by 3.6% in the third quarter. Ensign Peak Advisors Inc now owns 31,926 shares of the company worth $2,403,000 after purchasing an additional 1,100 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in Children’s Place by 35.2% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 117,862 shares of the company valued at $9,345,000 after purchasing an additional 30,660 shares during the period. Pacer Advisors Inc. acquired a new stake in Children’s Place during Q4, valued at approximately $5,291,000. Allianz Asset Management GmbH acquired a new stake in Children’s Place during Q3, valued at approximately $984,000. Finally, AXA SA acquired a new stake in Children’s Place during the 3rd quarter valued at approximately $391,000. 99.58% of the shares are currently held by hedge funds and other institutional investors.

About Children’s Square (Get a rating)

The Children’s Place, Inc. operates as a specialty clothing retailer for children. The Company operates in two segments, The Children’s Place US and The Children’s Place International. She sells children’s clothing, shoes, accessories and other items; and designs, manufactures and sells merchandise under the exclusive brands The Children’s Place, Place, Baby Place, Gymboree and Sugar & Jade.

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