Children’s Place (NASDAQ:PLCE) Given New $17.00 Price Target at UBS Group

Children’s Place (NASDAQ:PLCE) had its price target decreased by stock analysts at UBS Group from $18.00 to $17.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 11.26% from the stock’s previous close.

Separately, StockNews.com downgraded shares of 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 issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.00.

Children’s Place Price Performance

PLCE opened at $15.28 on Monday. The company has a market capitalization of $194.33 million, a price-to-earnings ratio of -1.20 and a beta of 2.24. The firm’s fifty day moving average price is $13.93 and its two-hundred day moving average price is $10.42. Children’s Place has a 1 year low of $4.77 and a 1 year high of $38.03.

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

Hedge Funds Weigh In On Children’s Place

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd purchased a new position in shares of Children’s Place in the 3rd quarter worth about $27,000. Quantbot Technologies LP purchased a new position in shares of Children’s Place in the 3rd quarter worth about $33,000. Centiva Capital LP boosted its holdings in shares of Children’s Place by 13.5% in the 3rd quarter. Centiva Capital LP now owns 21,321 shares of the company’s stock worth $330,000 after buying an additional 2,530 shares during the last quarter. Point72 DIFC Ltd boosted its holdings in shares of Children’s Place by 42.3% in the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock worth $175,000 after buying an additional 6,383 shares during the last quarter. Finally, Dark Forest Capital Management LP boosted its holdings in shares of Children’s Place by 67.7% in 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.

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.