ValuEngine downgraded shares of Childrens Place (NASDAQ:PLCE) from a buy rating to a hold rating in a research report report published on Tuesday.

PLCE has been the topic of several other research reports. BidaskClub downgraded shares of Childrens Place from a strong-buy rating to a buy rating in a report on Wednesday, February 21st. Buckingham Research upped their price objective on shares of Childrens Place from $139.00 to $144.00 and gave the stock a buy rating in a report on Thursday, November 16th. SunTrust Banks upped their price objective on shares of Childrens Place to $157.00 and gave the stock a hold rating in a report on Tuesday, January 9th. They noted that the move was a valuation call. Cowen started coverage on shares of Childrens Place in a report on Thursday, March 1st. They set an outperform rating and a $160.00 price objective on the stock. Finally, B. Riley set a $130.00 price objective on shares of Childrens Place and gave the stock a buy rating in a report on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $145.80.

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Childrens Place (PLCE) opened at $131.75 on Tuesday. Childrens Place has a 1-year low of $94.95 and a 1-year high of $161.65. The firm has a market cap of $2,290.00, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.70 and a beta of 0.30.

Hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors raised its holdings in shares of Childrens Place by 131.0% in the third quarter. Nationwide Fund Advisors now owns 110,629 shares of the company’s stock valued at $13,071,000 after purchasing an additional 62,737 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Childrens Place by 24.5% in the third quarter. Wells Fargo & Company MN now owns 124,089 shares of the company’s stock valued at $14,661,000 after purchasing an additional 24,456 shares during the last quarter. Balter Liquid Alternatives LLC raised its holdings in shares of Childrens Place by 81.3% in the fourth quarter. Balter Liquid Alternatives LLC now owns 6,572 shares of the company’s stock valued at $955,000 after purchasing an additional 2,947 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Childrens Place by 2.4% in the third quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock valued at $136,104,000 after purchasing an additional 27,431 shares during the last quarter. Finally, 361 Capital LLC purchased a new stake in Childrens Place during the third quarter worth about $2,261,000.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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