Children’s Place (NASDAQ:PLCE) Price Target Cut to $9.00

Children’s Place (NASDAQ:PLCE) had its target price dropped by equities researchers at Telsey Advisory Group from $13.00 to $9.00 in a research report issued on Tuesday, Briefing.com reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 12.08% from the company’s previous close.

PLCE has been the topic of a number of other research reports. StockNews.com downgraded shares of Children’s Place from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Monness Crespi & Hardt lowered shares of Children’s Place from a “buy” rating to a “neutral” rating in a report on Friday, February 9th. Finally, B. Riley upgraded Children’s Place from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $12.00 to $7.00 in a report on Wednesday, April 24th.

Children’s Place Price Performance

Shares of PLCE opened at $8.03 on Tuesday. The business has a 50-day moving average of $11.38 and a 200-day moving average of $18.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.19. The company has a market capitalization of $100.21 million, a price-to-earnings ratio of -1.30 and a beta of 2.05. Children’s Place has a 1 year low of $6.58 and a 1 year high of $38.03.

Insiders Place Their Bets

In related news, major shareholder Mithaq Capital Spc acquired 1,566,475 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $15.80 per share, with a total value of $24,750,305.00. Following the transaction, the insider now directly owns 4,663,743 shares of the company’s stock, valued at $73,687,139.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Children’s Place

A number of large investors have recently modified their holdings of the company. Citigroup Inc. lifted its stake in shares of Children’s Place by 132.7% in the third quarter. Citigroup Inc. now owns 12,747 shares of the company’s stock valued at $345,000 after buying an additional 7,268 shares in the last quarter. Barclays PLC boosted its holdings in shares of Children’s Place by 664.8% in the 3rd quarter. Barclays PLC now owns 34,340 shares of the company’s stock worth $929,000 after buying an additional 29,850 shares during the last quarter. Towerview LLC lifted its stake in shares of Children’s Place by 2.7% during the 3rd quarter. Towerview LLC now owns 76,000 shares of the company’s stock valued at $2,054,000 after buying an additional 2,000 shares in the last quarter. Millrace Asset Group Inc. bought a new position in shares of Children’s Place in the third quarter worth $1,784,000. Finally, Landscape Capital Management L.L.C. lifted its holdings in shares of Children’s Place by 268.0% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 41,400 shares of the company’s stock worth $1,119,000 after acquiring an additional 30,151 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.