Children’s Place (NASDAQ:PLCE) Raised to Hold at Zacks Research

Children’s Place (NASDAQ:PLCE) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

A number of other research analysts have also recently commented on PLCE. UBS Group decreased their price target on Children’s Place from $4.00 to $3.25 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Children’s Place in a research note on Tuesday, September 29th. Finally, Wall Street Zen raised shares of Children’s Place from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $3.25.

Children’s Place Price Performance

Children’s Place stock opened at $1.91 on Monday. The stock has a market cap of $42.48 million, a P/E ratio of -0.32 and a beta of 1.98. Children’s Place has a twelve month low of $1.82 and a twelve month high of $9.56. The company’s 50-day moving average price is $2.39 and its two-hundred day moving average price is $2.97.

Children’s Place (NASDAQ:PLCE) last posted its earnings results on Monday, September 14th. The company reported ($0.82) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.11. The firm had revenue of $241.80 million for the quarter, compared to analyst estimates of $268.48 million. Equities analysts anticipate that Children’s Place will post -4.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Securities LLC acquired a new position in shares of Children’s Place in the second quarter worth approximately $64,000. Bank of America Corp DE increased its position in Children’s Place by 98.6% during the 1st quarter. Bank of America Corp DE now owns 57,054 shares of the company’s stock valued at $192,000 after purchasing an additional 28,322 shares during the period. Finally, Immersion Corp acquired a new stake in Children’s Place during the 4th quarter valued at approximately $1,886,000.

Children’s Place Company Profile

The Children’s Place, Inc is a specialty retailer focused on apparel, footwear, accessories and related products for infants, toddlers, children and tweens. The company markets merchandise primarily under The Children’s Place brand, offering everyday clothing, seasonal collections, sleepwear, school apparel, shoes and accessories for boys and girls.

The company sells its products through a combination of company-operated stores, e-commerce websites and digital marketplaces. Its retail business primarily serves customers in the United States and Canada, while its online channels extend the reach of its brands beyond its physical store base.