Children’s Place (NASDAQ:PLCE) Stock Rating Upgraded by Wall Street Zen

Children’s Place (NASDAQ:PLCE) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

PLCE has been the subject of several other research reports. UBS Group decreased their price objective on shares of Children’s Place from $4.00 to $3.25 and set a “neutral” rating for the company in a research note on Wednesday, September 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Children’s Place in a report on Thursday, July 2nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $3.25.

Children’s Place Stock Performance

Shares of PLCE opened at $2.04 on Friday. Children’s Place has a 52-week low of $1.82 and a 52-week high of $9.56. The business’s 50 day moving average price is $2.54 and its two-hundred day moving average price is $3.11. The firm has a market cap of $45.37 million, a PE ratio of -0.34 and a beta of 1.97.

Children’s Place (NASDAQ:PLCE) last issued its earnings results on Monday, September 14th. The company reported ($0.82) EPS for the quarter, beating the consensus estimate of ($0.93) by $0.11. The firm had revenue of $241.80 million during the quarter, compared to analyst estimates of $268.48 million.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Two Sigma Securities LLC bought a new stake in Children’s Place in the 2nd quarter worth about $64,000. Bank of America Corp DE raised its position in Children’s Place by 98.6% in the 1st quarter. Bank of America Corp DE now owns 57,054 shares of the company’s stock worth $192,000 after buying an additional 28,322 shares during the last quarter. Finally, Immersion Corp bought a new position in Children’s Place during the 4th quarter valued at about $1,886,000.

Children’s Place Company Profile

The Children’s Place, Inc (NASDAQ: PLCE) is a specialty retailer focused on apparel, footwear, accessories and related products for children. Its merchandise generally serves infants, toddlers, young children and older youth, with offerings that include everyday clothing, seasonal styles, sleepwear, school-related apparel and accessories.

The company sells products primarily through its e-commerce operations and a network of retail stores under The Children’s Place and Gymboree brand names.