Children’s Place (NASDAQ:PLCE) Stock Lifted to “Hold” by Zacks Research

Zacks Research upgraded shares of Children’s Place (NASDAQ:PLCE – Free Report) to a hold rating in a research note released on Monday,Zacks reports.

Several other equities analysts have also recently issued reports on PLCE. UBS Group reduced their price objective on Children’s Place from $4.00 to $3.25 and set a “neutral” rating for the company in a report on Wednesday, September 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Children’s Place in a report on Tuesday, September 29th. Finally, Wall Street Zen upgraded Children’s Place from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Children’s Place presently has an average rating of “Reduce” and a consensus price target of $3.25.

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Children’s Place Stock Performance

Shares of PLCE opened at $1.91 on Monday. Children’s Place has a twelve month low of $1.82 and a twelve month high of $9.56. The firm has a market capitalization of $42.48 million, a P/E ratio of -0.32 and a beta of 1.98. The firm’s 50-day moving average is $2.39 and its two-hundred day moving average is $2.97.

Children’s Place (NASDAQ:PLCE – Get Free Report) last posted its quarterly earnings results on Monday, September 14th. The company reported ($0.82) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.93) by $0.11. The company had revenue of $241.80 million for the quarter, compared to analyst estimates of $268.48 million. Analysts predict that Children’s Place will post -4.65 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLCE. Two Sigma Securities LLC bought a new stake in Children’s Place in the second quarter valued at about $64,000. Bank of America Corp DE boosted its holdings in Children’s Place by 98.6% during the first quarter. Bank of America Corp DE now owns 57,054 shares of the company’s stock worth $192,000 after buying an additional 28,322 shares during the last quarter. Finally, Immersion Corp acquired a new position in shares of Children’s Place during the 4th quarter worth about $1,886,000.

Children’s Place Company Profile

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The Children’s Place, Inc is a specialty retailer focused on apparel, footwear, accessories and related products for infants, toddlers, children and tweens. The company markets merchandise primarily under The Children’s Place brand, offering everyday clothing, seasonal collections, sleepwear, school apparel, shoes and accessories for boys and girls.

The company sells its products through a combination of company-operated stores, e-commerce websites and digital marketplaces. Its retail business primarily serves customers in the United States and Canada, while its online channels extend the reach of its brands beyond its physical store base.

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