Children’s Place (NASDAQ:PLCE) Downgraded by StockNews.com

StockNews.com lowered shares of Children’s Place (NASDAQ:PLCE) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Other equities analysts also recently issued research reports about the stock. UBS Group reduced their price target on shares of Children’s Place from $24.00 to $12.00 and set a neutral rating for the company in a report on Tuesday, June 11th. B. Riley raised shares of Children’s Place from a sell rating to a neutral rating and reduced their price target for the company from $12.00 to $7.00 in a report on Wednesday, April 24th. Finally, Telsey Advisory Group reissued a market perform rating and set a $9.00 price target on shares of Children’s Place in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $14.50.

Children’s Place Stock Performance

PLCE stock opened at $9.58 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.15 and a debt-to-equity ratio of 0.42. Children’s Place has a 1-year low of $6.58 and a 1-year high of $38.03. The firm has a fifty day moving average price of $9.95 and a two-hundred day moving average price of $14.23.

Children’s Place (NASDAQ:PLCE) last released its earnings results on Wednesday, June 12th. The company reported ($1.18) earnings per share for the quarter, missing the consensus estimate of ($1.05) by ($0.13). Children’s Place had a negative net margin of 10.56% and a negative return on equity of 233.44%. The business had revenue of $267.88 million for the quarter, compared to the consensus estimate of $327.38 million. During the same quarter in the previous year, the firm earned ($2.12) EPS. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. As a group, analysts anticipate that Children’s Place will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Children’s Place

Several institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC lifted its holdings in Children’s Place by 8.5% in the fourth quarter. Virtu Financial LLC now owns 8,793 shares of the company’s stock worth $204,000 after purchasing an additional 692 shares during the period. Headlands Technologies LLC boosted its position in shares of Children’s Place by 26.6% during the 4th quarter. Headlands Technologies LLC now owns 3,584 shares of the company’s stock valued at $83,000 after purchasing an additional 753 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Children’s Place by 47.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,124 shares of the company’s stock valued at $73,000 after purchasing an additional 999 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Children’s Place by 2,016.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,550 shares of the company’s stock valued at $106,000 after purchasing an additional 4,335 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Children’s Place during the 4th quarter valued at about $137,000.

Children’s Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.