Children’s Place (NASDAQ:PLCE) Coverage Initiated at B. Riley

Posted by on May 13th, 2023

Stock analysts at B. Riley initiated coverage on shares of Children’s Place (NASDAQ:PLCE – Get Rating) in a research note issued on Thursday, The Fly reports. The brokerage set a “buy” rating and a $50.00 price target on the stock. B. Riley’s target price would suggest a potential upside of 89.54% from the company’s current price. B. Riley also issued estimates for Children’s Place’s Q1 2024 earnings at ($1.78) EPS and Q3 2024 earnings at $3.92 EPS.

Other research analysts have also issued reports about the stock. TheStreet lowered shares of Children’s Place from a “c” rating to a “d+” rating in a research note on Thursday, March 16th. Telsey Advisory Group dropped their price target on shares of Children’s Place from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Friday, March 17th. StockNews.com upgraded shares of Children’s Place from a “sell” rating to a “hold” rating in a research note on Saturday, April 1st. Finally, UBS Group dropped their price target on shares of Children’s Place from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Children’s Place Trading Down 4.2 %

NASDAQ PLCE opened at $26.38 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.18 and a current ratio of 0.87. The firm has a market cap of $327.01 million, a PE ratio of -62.81 and a beta of 1.97. Children’s Place has a one year low of $25.19 and a one year high of $57.00. The firm’s fifty day moving average is $34.84 and its two-hundred day moving average is $37.81.

Children’s Place (NASDAQ:PLCE – Get Rating) last posted its quarterly earnings data on Thursday, March 16th. The company reported ($3.87) EPS for the quarter, beating analysts’ consensus estimates of ($4.18) by $0.31. The company had revenue of $456.10 million for the quarter, compared to analyst estimates of $455.34 million. Children’s Place had a negative net margin of 0.07% and a negative return on equity of 0.57%. Children’s Place’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.02 earnings per share. Analysts expect that Children’s Place will post 2.69 earnings per share for the current year.

Institutional Trading of Children’s Place

A number of institutional investors have recently added to or reduced their stakes in PLCE. State of Wyoming boosted its holdings in Children’s Place by 45.7% during the fourth quarter. State of Wyoming now owns 858 shares of the company’s stock worth $31,000 after buying an additional 269 shares in the last quarter. US Asset Management LLC purchased a new stake in Children’s Place during the fourth quarter worth about $37,000. Western Standard LLC purchased a new stake in Children’s Place during the fourth quarter worth about $40,000. Captrust Financial Advisors boosted its holdings in Children’s Place by 25.5% during the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock worth $43,000 after buying an additional 226 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Children’s Place by 51.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,171 shares of the company’s stock worth $43,000 after buying an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 98.73% of the company’s stock.

About Children’s Place

(Get Rating)

The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S.

Featured Stories

The Fly logo

Receive News & Ratings for Children's Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Children's Place and related companies with MarketBeat.com's FREE daily email newsletter.