The Children’s Place, Inc. (The) (NASDAQ:PLCE) Upgraded to “Buy” at BidaskClub

The Children’s Place, Inc. (The) (NASDAQ:PLCE) Upgraded to “Buy” at BidaskClub

Several other analysts have also recently issued reports on PLCE. FBR & Co restated a “buy” rating and issued a $127.00 target price on shares of Children’s Place, Inc. (The) in a report on Friday, March 10th. Mizuho reaffirmed a “buy” rating and issued a $140.00 price target (up previously from $110.00) on shares of Children’s Place, Inc. (The) in a research note on Saturday, March 11th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $122.00 price target (up previously from $111.00) on shares of Children’s Place, Inc. (The) in a research note on Saturday, March 11th. Morgan Stanley upped their price target on Children’s Place, Inc. (The) from $113.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, March 23rd. Finally, BMO Capital Markets reissued a “hold” rating and set a $115.00 target price on shares of Children’s Place, Inc. (The) in a research note on Tuesday, April 18th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $125.00.

Children’s Place, Inc. (The) (NASDAQ:PLCE) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday, July 8th.

Children’s Place, Inc. (NASDAQ PLCE) traded down 0.50% during mid-day trading on Friday, reaching $109.30. 607,387 shares of the company were exchanged. The company has a market capitalization of $1.93 billion, a PE ratio of 18.12 and a beta of 0.33. The stock has a 50-day moving average price of $103.88 and a 200 day moving average price of $107.47. Children’s Place, Inc. has a one year low of $70.90 and a one year high of $125.30.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last issued its earnings results on Thursday, May 18th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.31. The company had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $422.51 million. Children’s Place, Inc. (The) had a return on equity of 23.00% and a net margin of 6.25%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.32 EPS. Analysts predict that Children’s Place, Inc. will post $7.24 EPS for the current year.

In related news, insider Michael Scarpa sold 37,231 shares of Children’s Place, Inc. (The) stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $108.08, for a total transaction of $4,023,926.48. Following the completion of the transaction, the insider now directly owns 59,084 shares of the company’s stock, valued at $6,385,798.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Kevin Low sold 14,517 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $109.04, for a total value of $1,582,933.68. Following the transaction, the senior vice president now directly owns 33,565 shares of the company’s stock, valued at approximately $3,659,927.60. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Children’s Place, Inc. (The) by 19,592.4% in the first quarter. BlackRock Inc. now owns 2,432,404 shares of the company’s stock worth $292,011,000 after buying an additional 2,420,052 shares during the period. Norges Bank purchased a new stake in Children’s Place, Inc. (The) during the fourth quarter worth about $26,916,000. Columbus Circle Investors purchased a new stake in Children’s Place, Inc. (The) during the first quarter worth about $29,558,000. Renaissance Technologies LLC increased its stake in Children’s Place, Inc. (The) by 41.6% in the first quarter. Renaissance Technologies LLC now owns 720,060 shares of the company’s stock worth $86,443,000 after buying an additional 211,700 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Children’s Place, Inc. (The) by 42.1% in the first quarter. Acadian Asset Management LLC now owns 496,517 shares of the company’s stock worth $59,608,000 after buying an additional 147,100 shares during the period.

About Children’s Place, Inc. (The)

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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