Children’s Place (NASDAQ:PLCE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Children’s Place (NASDAQ:PLCE) from a strong sell rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

Several other research analysts have also issued reports on the company. UBS Group dropped their price objective on 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 restated a “sell (e+)” rating on shares of Children’s Place in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Children’s Place currently has a consensus rating of “Reduce” and an average target price of $3.25.

Children’s Place Stock Up 6.9%

Shares of PLCE opened at $2.18 on Friday. The stock has a market cap of $48.48 million, a price-to-earnings ratio of -0.36 and a beta of 1.97. Children’s Place has a 12 month low of $1.82 and a 12 month high of $9.56. The company has a 50-day moving average price of $2.53 and a two-hundred day moving average price of $3.10.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings data 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 company had revenue of $241.80 million during the quarter, compared to the consensus estimate of $268.48 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Immersion Corp acquired a new stake in Children’s Place during the 4th quarter valued at $1,886,000. Bank of America Corp DE boosted its stake 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 purchasing an additional 28,322 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Children’s Place in the second quarter worth $64,000.

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.