Childrens Place Inc (PLCE) Receives $151.50 Average PT from Brokerages

Childrens Place Inc (NASDAQ:PLCE) has been assigned a consensus rating of “Buy” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $151.50.

A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of Childrens Place from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine raised shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. B. Riley reissued a “buy” rating on shares of Childrens Place in a report on Wednesday, November 14th. Finally, Bank of America raised shares of Childrens Place from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call.

PLCE opened at $123.84 on Thursday. The company has a market capitalization of $2.03 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.88 and a beta of 0.20. Childrens Place has a 12-month low of $112.55 and a 12-month high of $161.65.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Thursday, August 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The company had revenue of $448.70 million for the quarter, compared to the consensus estimate of $427.89 million. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share. As a group, analysts expect that Childrens Place will post 8.21 EPS for the current year.

In other Childrens Place news, insider Jane T. Elfers sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $134.93, for a total transaction of $13,493,000.00. Following the sale, the insider now owns 141,491 shares in the company, valued at approximately $19,091,380.63. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sapphire Star Partners LP raised its position in shares of Childrens Place by 5.0% during the third quarter. Sapphire Star Partners LP now owns 7,326 shares of the company’s stock valued at $937,000 after buying an additional 352 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Childrens Place by 11.2% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,915 shares of the company’s stock valued at $500,000 after buying an additional 395 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Childrens Place by 11.6% during the second quarter. Alps Advisors Inc. now owns 4,072 shares of the company’s stock valued at $592,000 after buying an additional 423 shares during the last quarter. Legal & General Group Plc raised its position in shares of Childrens Place by 1.2% during the second quarter. Legal & General Group Plc now owns 36,511 shares of the company’s stock valued at $4,456,000 after buying an additional 427 shares during the last quarter. Finally, Yorktown Management & Research Co Inc raised its position in shares of Childrens Place by 9.7% during the third quarter. Yorktown Management & Research Co Inc now owns 5,108 shares of the company’s stock valued at $653,000 after buying an additional 452 shares during the last quarter.

Childrens Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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