Childrens Place (PLCE) Downgraded to Sell at ValuEngine

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Childrens Place (NASDAQ:PLCE) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday.

A number of other research analysts also recently issued reports on the stock. Monness Crespi & Hardt raised shares of Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Friday, August 24th. They noted that the move was a valuation call. Bank of America raised shares of Childrens Place from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. B. Riley reaffirmed a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 14th. BidaskClub raised shares of Childrens Place from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Finally, Citigroup upped their target price on shares of Childrens Place from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $149.27.

Childrens Place stock traded down $16.48 during mid-day trading on Thursday, reaching $106.67. 3,107,840 shares of the company traded hands, compared to its average volume of 567,977. The company has a market cap of $2.02 billion, a P/E ratio of 13.49, a PEG ratio of 1.85 and a beta of 0.17. Childrens Place has a 52-week low of $99.54 and a 52-week high of $161.65.

Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings data on Thursday, December 6th. The company reported $3.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $3.07. The business had revenue of $522.50 million for the quarter, compared to the consensus estimate of $511.19 million. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.58 EPS. As a group, sell-side analysts expect that Childrens Place will post 8.34 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in PLCE. FMR LLC grew its position in shares of Childrens Place by 50.4% in the 2nd quarter. FMR LLC now owns 829,800 shares of the company’s stock worth $100,240,000 after buying an additional 278,017 shares during the period. Marshall Wace LLP boosted its stake in Childrens Place by 12,849.4% in the 2nd quarter. Marshall Wace LLP now owns 270,124 shares of the company’s stock worth $32,631,000 after purchasing an additional 268,038 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in Childrens Place in the 3rd quarter worth about $27,372,000. Voya Investment Management LLC boosted its stake in Childrens Place by 44.2% in the 2nd quarter. Voya Investment Management LLC now owns 635,588 shares of the company’s stock worth $76,779,000 after purchasing an additional 194,722 shares in the last quarter. Finally, Scopus Asset Management L.P. bought a new position in Childrens Place in the 2nd quarter worth about $16,912,000.

Childrens Place Company Profile

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, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

Read More: Short Selling – Explanation For Shorting Stocks

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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