Several other research analysts also recently weighed in on PLCE. Bank of America lifted their target price on shares of Childrens Place from $24.00 to $28.00 and gave the stock an underperform rating in a research report on Friday, June 12th. Deutsche Bank boosted their target price on shares of Childrens Place from $44.00 to $55.00 and gave the company a buy rating in a research note on Friday, June 12th. Monness Crespi & Hardt decreased their target price on Childrens Place from $55.00 to $35.00 and set a buy rating for the company in a research report on Wednesday, August 26th. TheStreet lowered Childrens Place from a c- rating to a d rating in a research report on Thursday, June 11th. Finally, Barclays reduced their price objective on Childrens Place from $43.00 to $18.00 and set an equal weight rating for the company in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $41.31.
Shares of NASDAQ:PLCE opened at $30.18 on Thursday. The company has a market capitalization of $440.27 million, a PE ratio of -4.52 and a beta of 1.84. The stock has a fifty day moving average of $24.49 and a 200-day moving average of $31.63. Childrens Place has a one year low of $9.25 and a one year high of $88.47.
Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in Childrens Place by 263.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,185 shares of the company’s stock valued at $45,000 after purchasing an additional 859 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Childrens Place in the 1st quarter valued at $41,000. Strs Ohio acquired a new position in Childrens Place in the 2nd quarter valued at $116,000. Virtu Financial LLC bought a new position in Childrens Place in the 2nd quarter worth $216,000. Finally, Royal Bank of Canada lifted its position in Childrens Place by 39.7% during the 1st quarter. Royal Bank of Canada now owns 5,945 shares of the company’s stock worth $116,000 after acquiring an additional 1,690 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 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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