Childrens Place (PLCE) Downgraded to Sell at ValuEngine

Childrens Place (NASDAQ:PLCE) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other brokerages have also recently weighed in on PLCE. Monness Crespi & Hardt upgraded shares of Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Friday, August 24th. They noted that the move was a valuation call. BidaskClub cut shares of Childrens Place from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 8th. Citigroup increased their price objective on shares of Childrens Place from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, August 24th. Bank of America upgraded shares of Childrens Place from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, B. Riley reiterated a “buy” rating on shares of Childrens Place in a research note on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $149.27.

PLCE traded down $16.48 during midday trading on Thursday, hitting $106.67. 3,107,840 shares of the company traded hands, compared to its average volume of 567,977. The stock has a market capitalization of $2.02 billion, a P/E ratio of 13.49, a P/E/G ratio of 1.85 and a beta of 0.17. Childrens Place has a 52 week low of $99.54 and a 52 week high of $161.65.

Childrens Place (NASDAQ:PLCE) last posted its earnings results on Thursday, December 6th. The company reported $3.07 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.07. The business had revenue of $522.50 million for the quarter, compared to analysts’ expectations of $511.19 million. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.58 EPS. Research analysts forecast that Childrens Place will post 8.34 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of PLCE. Itau Unibanco Holding S.A. purchased a new stake in Childrens Place in the 2nd quarter worth approximately $110,000. Point72 Hong Kong Ltd purchased a new stake in Childrens Place in the 2nd quarter worth approximately $138,000. GSA Capital Partners LLP purchased a new stake in Childrens Place in the 3rd quarter worth approximately $236,000. FNY Investment Advisers LLC purchased a new stake in Childrens Place in the 3rd quarter worth approximately $239,000. Finally, BKS Advisors LLC purchased a new stake in Childrens Place in the 2nd quarter worth approximately $242,000.

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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