Children’s Place (NASDAQ:PLCE) Upgraded at Zacks Research

Zacks Research upgraded shares of Children’s Place (NASDAQ:PLCE) to a hold rating in a research report released on Monday,Zacks reports.

Other research analysts also recently issued research reports about the company. UBS Group lowered their target price on Children’s Place from $4.00 to $3.25 and set a “neutral” rating on the stock in a report on Wednesday, September 9th. Wall Street Zen upgraded Children’s Place from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Children’s Place in a research report on Tuesday, September 29th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $3.25.

Children’s Place Trading Up 0.5%

NASDAQ:PLCE opened at $1.92 on Monday. The company has a market cap of $42.70 million, a PE ratio of -0.32 and a beta of 1.98. The company has a 50 day simple moving average of $2.38 and a two-hundred day simple moving average of $2.96. Children’s Place has a 12 month low of $1.82 and a 12 month high of $9.56.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings results on Monday, September 14th. The company reported ($0.82) earnings per share for the quarter, beating the consensus estimate of ($0.93) by $0.11. The firm had revenue of $241.80 million for the quarter, compared to the consensus estimate of $268.48 million. Research analysts forecast that Children’s Place will post -4.65 earnings per share for the current year.

Hedge Funds Weigh In On Children’s Place

A number of institutional investors have recently bought and sold shares of PLCE. Immersion Corp purchased a new position in Children’s Place during the fourth quarter valued at $1,886,000. Bank of America Corp DE increased its position in Children’s Place by 98.6% in the first 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 in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Children’s Place in the second quarter worth about $64,000.

Children’s Place Company Profile

The Children’s Place, Inc is a specialty retailer focused on apparel, footwear, accessories and related products for infants, toddlers, children and tweens. The company markets merchandise primarily under The Children’s Place brand, offering everyday clothing, seasonal collections, sleepwear, school apparel, shoes and accessories for boys and girls.

The company sells its products through a combination of company-operated stores, e-commerce websites and digital marketplaces. Its retail business primarily serves customers in the United States and Canada, while its online channels extend the reach of its brands beyond its physical store base.