UBS Group Cuts Children’s Place (NASDAQ:PLCE) Price Target to $9.00

Children’s Place (NASDAQ:PLCE) had its price objective decreased by equities researchers at UBS Group from $11.00 to $9.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 19.30% from the stock’s previous close.

Children’s Place Stock Down 2.8 %

PLCE stock traded down $0.22 during trading on Tuesday, hitting $7.54. The company had a trading volume of 181,343 shares, compared to its average volume of 339,539. The stock has a market cap of $96.45 million, a price-to-earnings ratio of -0.53 and a beta of 2.35. The firm has a 50-day moving average price of $9.95 and a 200-day moving average price of $11.40. Children’s Place has a 12 month low of $4.77 and a 12 month high of $19.74.

Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.63 by ($0.59). Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same period last year, the business posted $3.22 EPS.

Institutional Investors Weigh In On Children’s Place

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd bought a new stake in shares of Children’s Place during the 3rd quarter valued at $27,000. Quest Partners LLC lifted its stake in Children’s Place by 4,217.6% in the third quarter. Quest Partners LLC now owns 52,675 shares of the company’s stock valued at $815,000 after buying an additional 51,455 shares during the period. Quantbot Technologies LP bought a new position in Children’s Place during the third quarter worth about $33,000. Corsair Capital Management L.P. acquired a new position in shares of Children’s Place during the 3rd quarter worth about $341,000. Finally, FORA Capital LLC acquired a new stake in shares of Children’s Place in the 3rd quarter valued at approximately $158,000.

About Children’s Place

The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S.