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

Several other equities analysts have also weighed in on PLCE. Wedbush began coverage on shares of Childrens Place in a report on Thursday, July 12th. They set an outperform rating and a $150.00 price objective on the stock. BidaskClub upgraded shares of Childrens Place from a buy rating to a strong-buy rating in a report on Wednesday, October 24th. Citigroup upped their price objective on shares of Childrens Place from $145.00 to $154.00 and gave the company a buy rating in a report on Friday, August 24th. Bank of America upgraded shares of Childrens Place from an underperform rating to a neutral rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, Monness Crespi & Hardt upgraded shares of Childrens Place from a neutral rating to a buy rating and set a $165.00 price objective on the stock in a report on Friday, August 24th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $148.91.

Shares of NASDAQ PLCE traded up $1.08 during trading on Wednesday, hitting $146.90. 397,864 shares of the company traded hands, compared to its average volume of 633,446. Childrens Place has a fifty-two week low of $111.85 and a fifty-two week high of $161.65. The firm has a market capitalization of $2.33 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.16 and a beta of 0.20.

Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings data on Thursday, August 23rd. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.11. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The firm had revenue of $448.70 million for the quarter, compared to analyst estimates of $427.89 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. Sell-side analysts forecast that Childrens Place will post 8.23 earnings per share for the current fiscal year.

In other news, insider Jane T. Elfers sold 100,000 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $134.93, for a total transaction of $13,493,000.00. Following the completion of the sale, the insider now directly owns 141,491 shares of the company’s stock, valued at $19,091,380.63. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Childrens Place by 2.3% during the third quarter. BlackRock Inc. now owns 2,336,783 shares of the company’s stock worth $298,641,000 after acquiring an additional 51,966 shares in the last quarter. FMR LLC increased its position in shares of Childrens Place by 20.5% during the third quarter. FMR LLC now owns 999,998 shares of the company’s stock worth $127,799,000 after acquiring an additional 170,198 shares in the last quarter. LSV Asset Management increased its position in shares of Childrens Place by 7.0% during the second quarter. LSV Asset Management now owns 757,836 shares of the company’s stock worth $91,546,000 after acquiring an additional 49,555 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Childrens Place by 44.2% during the second quarter. Voya Investment Management LLC now owns 635,588 shares of the company’s stock worth $76,779,000 after acquiring an additional 194,722 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of Childrens Place by 40.3% during the second quarter. OppenheimerFunds Inc. now owns 424,197 shares of the company’s stock worth $51,242,000 after acquiring an additional 121,867 shares in the last quarter.

Childrens Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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