Children’s Place (NASDAQ:PLCE) Price Target Cut to $17.00 by Analysts at UBS Group

Children’s Place (NASDAQ:PLCE) had its price objective decreased by UBS Group from $18.00 to $17.00 in a research report released on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Separately, StockNews.com lowered Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.00.

Children’s Place Stock Up 10.3 %

PLCE opened at $16.30 on Monday. The firm has a market cap of $207.34 million, a PE ratio of -1.28 and a beta of 2.24. The business has a fifty day simple moving average of $14.15 and a 200-day simple moving average of $10.49. Children’s Place has a fifty-two week low of $4.77 and a fifty-two week high of $38.03.

Children’s Place (NASDAQ:PLCE) last released its earnings results on Wednesday, September 11th. The company reported $0.30 earnings per share (EPS) for the quarter, beating 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 return on equity of 4,732.98% and a negative net margin of 10.52%.

Institutional Trading of Children’s Place

Institutional investors have recently bought and sold shares of the company. Shellback Capital LP acquired a new stake in Children’s Place during the second quarter valued at $423,000. SG Americas Securities LLC boosted its position in Children’s Place by 344.1% during the first quarter. SG Americas Securities LLC now owns 26,139 shares of the company’s stock valued at $302,000 after purchasing an additional 20,253 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Children’s Place during the second quarter valued at $464,000. Dark Forest Capital Management LP boosted its position in Children’s Place by 67.7% during the second quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock valued at $147,000 after purchasing an additional 7,272 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in Children’s Place by 105.5% during the second quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock valued at $220,000 after purchasing an additional 13,878 shares during the last quarter.

About Children’s Place

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.