Children’s Place (NASDAQ:PLCE) PT Raised to $18.00 at UBS Group

Children’s Place (NASDAQ:PLCE) had its price target raised by UBS Group from $12.00 to $18.00 in a report released on Thursday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on PLCE. StockNews.com cut Children’s Place from a hold rating to a sell rating in a report on Wednesday, August 21st. Telsey Advisory Group reiterated a market perform rating and set a $9.00 price objective on shares of Children’s Place in a research note on Wednesday, May 22nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, Children’s Place currently has an average rating of Hold and a consensus target price of $16.00.

Children’s Place Price Performance

Shares of PLCE stock opened at $15.17 on Thursday. Children’s Place has a one year low of $4.77 and a one year high of $38.03. The stock has a fifty day moving average price of $7.93 and a 200 day moving average price of $9.34. The stock has a market cap of $192.96 million, a P/E ratio of -1.17 and a beta of 2.15.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings data on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($1.10) by $1.40. The company had revenue of $319.66 million during the quarter. Children’s Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PLCE. Dark Forest Capital Management LP boosted its stake in shares of Children’s Place by 67.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock worth $147,000 after buying an additional 7,272 shares during the last quarter. Point72 DIFC Ltd increased its holdings in shares of Children’s Place by 42.3% during the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock worth $175,000 after acquiring an additional 6,383 shares during the last quarter. Virtu Financial LLC raised its stake in Children’s Place by 8.5% in the 4th quarter. Virtu Financial LLC now owns 8,793 shares of the company’s stock valued at $204,000 after acquiring an additional 692 shares during the period. XTX Topco Ltd lifted its holdings in shares of Children’s Place by 105.5% during the second quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock worth $220,000 after buying an additional 13,878 shares in the last quarter. Finally, ARS Investment Partners LLC bought a new stake in shares of Children’s Place in the second quarter valued at about $247,000.

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.