Childrens Place (PLCE) Upgraded to Buy at ValuEngine
ValuEngine upgraded shares of Childrens Place (NASDAQ:PLCE) from a hold rating to a buy rating in a research note published on Monday.
Other equities research analysts have also recently issued research reports about the stock. Chardan Capital reissued a buy rating and set a $156.00 price target (up previously from $130.00) on shares of Childrens Place in a research report on Wednesday, January 10th. B. Riley reissued a buy rating on shares of Childrens Place in a research report on Wednesday, November 1st. Telsey Advisory Group increased their price target on shares of Childrens Place from $135.00 to $140.00 and gave the company an outperform rating in a research report on Thursday, November 16th. SunTrust Banks assumed coverage on shares of Childrens Place in a research report on Thursday, December 21st. They set a hold rating and a $150.00 price target for the company. Finally, BMO Capital Markets set a $130.00 price target on shares of Childrens Place and gave the company a hold rating in a research report on Tuesday, December 19th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $139.15.
Shares of Childrens Place (NASDAQ PLCE) opened at $141.90 on Monday. Childrens Place has a 12 month low of $94.95 and a 12 month high of $161.65. The stock has a market cap of $2,532.79, a price-to-earnings ratio of 20.03, a PEG ratio of 1.79 and a beta of 0.23.
Hedge funds and other institutional investors have recently modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new position in Childrens Place in the 4th quarter worth $143,000. Everence Capital Management Inc. bought a new position in Childrens Place in the 4th quarter worth $202,000. Cubist Systematic Strategies LLC bought a new position in Childrens Place in the 3rd quarter worth $171,000. Shelton Capital Management bought a new position in Childrens Place in the 3rd quarter worth $206,000. Finally, Advisor Group Inc. raised its holdings in Childrens Place by 169.9% in the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock worth $209,000 after purchasing an additional 1,113 shares in the last quarter.
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Childrens Place Company Profile
The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.
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