PLCE has been the subject of a number of other reports. Telsey Advisory Group reduced their price objective on shares of Childrens Place from $80.00 to $40.00 and set an outperform rating for the company in a research note on Wednesday, March 18th. Bank of America lowered Childrens Place from a neutral rating to an underperform rating and set a $45.00 target price for the company. in a report on Thursday, December 12th. DA Davidson lowered Childrens Place from a buy rating to a neutral rating and reduced their target price for the company from $80.00 to $30.00 in a report on Tuesday, March 17th. Wedbush reduced their target price on Childrens Place from $60.00 to $25.00 and set a neutral rating for the company in a report on Wednesday, March 18th. Finally, BidaskClub cut shares of Childrens Place from a sell rating to a strong sell rating in a research note on Friday, March 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $55.15.
PLCE traded up $4.76 during trading hours on Thursday, hitting $18.82. The stock had a trading volume of 2,443,284 shares, compared to its average volume of 950,933. The company’s fifty day simple moving average is $42.97 and its 200 day simple moving average is $64.05. Childrens Place has a 1 year low of $9.25 and a 1 year high of $116.84. The stock has a market cap of $223.67 million, a PE ratio of 3.95, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 1.33.
In other Childrens Place news, Chairman Norman S. Matthews acquired 28,300 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was bought at an average price of $17.01 per share, with a total value of $481,383.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP grew its position in Childrens Place by 24.4% in the fourth quarter. Royce & Associates LP now owns 745,477 shares of the company’s stock worth $46,607,000 after acquiring an additional 146,229 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Childrens Place by 12.6% in the 4th quarter. Westwood Holdings Group Inc. now owns 616,000 shares of the company’s stock worth $38,514,000 after purchasing an additional 69,165 shares in the last quarter. State Street Corp boosted its holdings in shares of Childrens Place by 7.5% in the 4th quarter. State Street Corp now owns 535,734 shares of the company’s stock worth $33,494,000 after purchasing an additional 37,557 shares in the last quarter. Prentice Capital Management LP purchased a new position in shares of Childrens Place in the 4th quarter worth about $15,711,000. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Childrens Place by 168.3% in the 4th quarter. Point72 Asset Management L.P. now owns 224,745 shares of the company’s stock worth $14,051,000 after purchasing an additional 140,965 shares in the last quarter.
About Childrens Place
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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