The Children’s Place (PLCE) Upgraded to Buy at ValuEngine

The Children’s Place (NASDAQ:PLCE) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other equities analysts have also issued reports on the stock. BidaskClub raised shares of The Children’s Place from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. Telsey Advisory Group lifted their price objective on shares of The Children’s Place from $140.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. SunTrust Banks raised their target price on shares of The Children’s Place to $157.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. They noted that the move was a valuation call. BMO Capital Markets set a $130.00 target price on shares of The Children’s Place and gave the company a “hold” rating in a research note on Tuesday, December 19th. Finally, Cowen began coverage on shares of The Children’s Place in a research note on Thursday, March 1st. They issued an “outperform” rating and a $160.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The Children’s Place presently has a consensus rating of “Buy” and an average target price of $149.50.

The Children’s Place stock opened at $127.95 on Monday. The stock has a market cap of $2,397.10, a P/E ratio of 18.12, a P/E/G ratio of 1.71 and a beta of 0.30. The Children’s Place has a 1-year low of $94.95 and a 1-year high of $161.65.

The Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings data on Tuesday, March 20th. The company reported $2.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.03. The company had revenue of $570.00 million for the quarter, compared to analyst estimates of $574.09 million. The Children’s Place had a net margin of 7.07% and a return on equity of 26.58%. The Children’s Place’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.88 earnings per share. analysts anticipate that The Children’s Place will post 7.87 EPS for the current fiscal year.

The Children’s Place announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 20th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional investors and hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors boosted its stake in The Children’s 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 acquiring an additional 62,737 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of The Children’s Place by 24.5% during the third quarter. Wells Fargo & Company MN now owns 124,089 shares of the company’s stock worth $14,661,000 after buying an additional 24,456 shares during the period. Balter Liquid Alternatives LLC lifted its stake in shares of The Children’s Place by 81.3% during the fourth quarter. Balter Liquid Alternatives LLC now owns 6,572 shares of the company’s stock worth $955,000 after buying an additional 2,947 shares during the period. Royce & Associates LP lifted its stake in shares of The Children’s Place by 2.4% during the third quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock worth $136,104,000 after buying an additional 27,431 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of The Children’s Place by 191.6% during the third quarter. Stifel Financial Corp now owns 107,697 shares of the company’s stock worth $12,730,000 after buying an additional 70,768 shares during the period.

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The Children’s Place Company Profile

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, 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.

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

Analyst Recommendations for The Children`s Place (NASDAQ:PLCE)

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