Children’s Place (NASDAQ:PLCE) PT Lowered to $50.00

Children’s Place (NASDAQ:PLCEGet Rating) had its price objective reduced by Monness Crespi & Hardt to $50.00 in a research report sent to investors on Monday, Stock Target Advisor reports.

A number of other equities research analysts have also recently commented on PLCE. Telsey Advisory Group reduced their price objective on Children’s Place from $65.00 to $50.00 and set an outperform rating for the company in a research note on Friday, November 18th. StockNews.com initiated coverage on Children’s Place in a research note on Wednesday, October 12th. They issued a hold rating for the company. B. Riley reduced their price objective on Children’s Place from $84.00 to $69.00 and set a buy rating for the company in a research note on Tuesday, August 16th. Finally, UBS Group reduced their price objective on Children’s Place from $46.00 to $43.00 and set a neutral rating for the company in a research note on Tuesday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $49.60.

Children’s Place Trading Down 4.6 %

Shares of Children’s Place stock opened at $39.60 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a current ratio of 0.97. Children’s Place has a 52 week low of $29.20 and a 52 week high of $101.55. The stock has a 50 day moving average price of $37.53 and a two-hundred day moving average price of $41.82. The stock has a market capitalization of $515.99 million, a PE ratio of 6.23 and a beta of 2.07.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Children’s Place by 0.5% during the first quarter. BlackRock Inc. now owns 2,127,269 shares of the company’s stock valued at $104,875,000 after buying an additional 9,551 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Children’s Place by 1.3% during the first quarter. Vanguard Group Inc. now owns 1,337,072 shares of the company’s stock worth $65,918,000 after acquiring an additional 17,346 shares during the period. Franklin Resources Inc. lifted its holdings in Children’s Place by 24.1% during the second quarter. Franklin Resources Inc. now owns 1,307,167 shares of the company’s stock worth $50,875,000 after acquiring an additional 253,484 shares during the period. Neuberger Berman Group LLC lifted its holdings in Children’s Place by 4.7% during the third quarter. Neuberger Berman Group LLC now owns 636,800 shares of the company’s stock worth $19,689,000 after acquiring an additional 28,620 shares during the period. Finally, State Street Corp lifted its holdings in Children’s Place by 5.2% during the second quarter. State Street Corp now owns 537,366 shares of the company’s stock worth $20,914,000 after acquiring an additional 26,681 shares during the period. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Children’s Place

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The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, and Sugar & Jade brand names.

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