Childrens Place Inc (NASDAQ:PLCE) Given Average Rating of “Buy” by Analysts
Childrens Place Inc (NASDAQ:PLCE) has been assigned an average rating of “Buy” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $112.34.
A number of equities research analysts recently commented on PLCE shares. Bank of America set a $115.00 price objective on shares of Childrens Place and gave the company a “hold” rating in a research report on Monday, August 12th. Deutsche Bank upgraded Childrens Place from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, August 15th. Wolfe Research cut their target price on Childrens Place from $137.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Monness Crespi & Hardt cut their target price on Childrens Place from $128.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Finally, Barclays initiated coverage on Childrens Place in a report on Tuesday, November 12th. They issued an “equal weight” rating and a $85.00 price target for the company.
Several hedge funds and other institutional investors have recently made changes to their positions in PLCE. Captrust Financial Advisors acquired a new position in Childrens Place during the second quarter worth about $32,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Childrens Place by 229.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 570 shares of the company’s stock worth $55,000 after acquiring an additional 397 shares in the last quarter. Anderson Fisher LLC acquired a new stake in shares of Childrens Place in the 2nd quarter worth approximately $80,000. US Bancorp DE grew its holdings in shares of Childrens Place by 128.7% in the 2nd quarter. US Bancorp DE now owns 901 shares of the company’s stock worth $86,000 after acquiring an additional 507 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Childrens Place by 15.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099 shares of the company’s stock worth $105,000 after acquiring an additional 150 shares during the period.
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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