BidaskClub Downgrades Childrens Place (PLCE) to Buy

Childrens Place (NASDAQ:PLCE) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

Other research analysts have also issued reports about the stock. BMO Capital Markets reiterated a “hold” rating and issued a $112.00 price target on shares of Childrens Place in a research note on Thursday, November 2nd. Buckingham Research increased their price target on shares of Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Telsey Advisory Group increased their price target on shares of Childrens Place from $140.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. Finally, B. Riley set a $130.00 price target on shares of Childrens Place and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $139.15.

Shares of Childrens Place (NASDAQ PLCE) traded down $5.35 during midday trading on Wednesday, reaching $143.80. 296,300 shares of the company’s stock traded hands, compared to its average volume of 396,336. Childrens Place has a 1-year low of $94.95 and a 1-year high of $161.65. The company has a market cap of $2,594.54, a price-to-earnings ratio of 20.37, a PEG ratio of 1.84 and a beta of 0.23.

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in Childrens Place by 28.0% during the 2nd quarter. Royal Bank of Canada now owns 18,188 shares of the company’s stock valued at $1,856,000 after purchasing an additional 3,975 shares in the last quarter. State Street Corp increased its stake in Childrens Place by 3.9% during the 2nd quarter. State Street Corp now owns 514,897 shares of the company’s stock valued at $52,568,000 after purchasing an additional 19,326 shares in the last quarter. APG Asset Management N.V. bought a new stake in Childrens Place during the 3rd quarter valued at about $10,799,000. Nationwide Fund Advisors increased its stake in Childrens Place by 131.0% during the 3rd quarter. Nationwide Fund Advisors now owns 110,629 shares of the company’s stock valued at $13,071,000 after purchasing an additional 62,737 shares in the last quarter. Finally, Boston Advisors LLC bought a new stake in Childrens Place during the 3rd quarter valued at about $10,325,000.

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Childrens Place Company Profile

The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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