The Children’s Place, Inc. (NASDAQ:PLCE) Received Consensus “Buy” Recommendation From Brokerages

The Children’s Place, Inc. (NASDAQ: PLCE – Get a rating) earned an average “Buy” recommendation from the eight analysts who currently cover the company, MarketBeat reports. Three equity research analysts rated the stock with a hold rating and four issued a buy rating on the company. The 12-month average price target among analysts who have covered the stock over the past year is $118.57.

PLCE has been the subject of a number of recent analyst reports. Telsey Advisory Group raised its price target on Children’s Place shares from $125.00 to $130.00 and gave the company an “outperform” rating in a Friday, November 19 report. TheStreet downgraded shares of Children’s Place from a “b-” rating to a “c+” rating in a Wednesday, February 16 report. Citigroup raised its price target on Children’s Place shares from $105.00 to $115.00 and gave the company a “neutral” rating in a Friday, November 19 report. Monness Crespi & Hardt raised its price target on Children’s Place shares from $120.00 to $132.00 and gave the company a “buy” rating in a Friday, November 19 report. Finally, B. Riley lowered his price target on Children’s Place stock from $139.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, January 7.

In other Children’s Place news, Director Joseph A.Aluto sold 5,424 shares of the company in a transaction that took place on Monday, January 3. The shares were sold at an average price of $79.13, for a total transaction of $429,201.12. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. 5.01% of the shares are currently held by insiders of the company.

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“There are not enough semiconductor chips in the world to meet the growing demand. But due to the global chip shortage…

These four companies are well positioned to take advantage of this rapidly growing demand over the next 12 months and beyond. ”

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. FourThought Financial LLC increased its holdings in Children’s Place by 289.2% during the third quarter. FourThought Financial LLC now owns 650 shares of the company valued at $48,000 after purchasing an additional 483 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Children’s Place during Q4, valued at approximately $61,000. US Asset Management LLC acquired a new stake in Children’s Place during Q3, valued at approximately $75,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Children’s Place by 120.8% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,060 shares of the company valued at $80,000 after purchasing an additional 580 shares in the last quarter. Finally, Amundi acquired a new stake in Children’s Place during the 2nd quarter valued at approximately $192,000.

Shares of NASDAQ PLCE opened at $56.14 on Friday. The company’s 50-day moving average price is $69.75 and its 200-day moving average price is $81.52. The company has a quick ratio of 0.26, a current ratio of 0.97 and a debt ratio of 0.22. The company has a market capitalization of $806.28 million, a PE ratio of 5.38 and a beta of 2.13. Children’s Place has a 52-week minimum of $54.71 and a 52-week maximum of $113.50.

About Children’s Square (Get a rating)

The Children’s Place, Inc provides children’s clothing, shoes, accessories and other items. It also designs, manufactures and sells fashionable and value-priced products under the brands The Children’s Place, Baby Place and Gymboree. The Company operates through the following segments: Children’s Place US

Further reading

Analyst Recommendations for Children's Place (NASDAQ:PLCE)

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