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.

Shares of NASDAQ:PLCE traded up $1.00 during midday trading on Monday, hitting $69.83. The stock had a trading volume of 734,056 shares, compared to its average volume of 693,674. Childrens Place has a 1 year low of $67.33 and a 1 year high of $116.84. The company has a current ratio of 0.77, a quick ratio of 0.20 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average price of $77.35 and a two-hundred day moving average price of $86.21. The company has a market capitalization of $1.09 billion, a PE ratio of 10.35, a P/E/G ratio of 1.53 and a beta of 0.72.

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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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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