Childrens Place (NASDAQ:PLCE) Downgraded by ValuEngine to “Strong Sell”

ValuEngine lowered shares of Childrens Place (NASDAQ:PLCE) from a sell rating to a strong sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.

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.

Childrens Place (NASDAQ:PLCE) last posted its earnings results on Tuesday, March 17th. The company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.28. Childrens Place had a net margin of 3.92% and a return on equity of 32.90%. The firm had revenue of $513.00 million during the quarter, compared to the consensus estimate of $510.69 million. During the same quarter last year, the company earned $1.10 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. As a group, equities analysts expect that Childrens Place will post 3.94 EPS for the current year.

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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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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