UBS Group Increases Children’s Place (NASDAQ:PLCE) Price Target to $18.00

Children’s Place (NASDAQ:PLCE) had its price objective hoisted by research analysts at UBS Group from $12.00 to $18.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 18.66% from the stock’s previous close.

A number of other brokerages also recently weighed in on PLCE. StockNews.com downgraded shares of Children’s Place from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $9.00 price objective on shares of Children’s Place in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, Children’s Place currently has a consensus rating of “Hold” and an average target price of $16.00.

Children’s Place Trading Down 11.6 %

NASDAQ PLCE opened at $15.17 on Thursday. The firm has a market capitalization of $192.96 million, a PE ratio of -1.17 and a beta of 2.15. The business’s 50-day moving average price is $7.81 and its two-hundred day moving average price is $9.47. Children’s Place has a 12 month low of $4.77 and a 12 month high of $38.03.

Children’s Place (NASDAQ:PLCE) last announced its earnings results on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of ($1.10) by $1.40. The business had revenue of $319.66 million for the quarter. Children’s Place had a negative return on equity of 4,732.98% and a negative net margin of 10.52%.

Institutional Investors Weigh In On Children’s Place

A number of large investors have recently bought and sold shares of the stock. Dark Forest Capital Management LP boosted its position in shares of Children’s Place by 67.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock worth $147,000 after purchasing an additional 7,272 shares in the last quarter. Point72 DIFC Ltd raised its stake in Children’s Place by 42.3% during the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock worth $175,000 after buying an additional 6,383 shares during the period. Virtu Financial LLC boosted its holdings in Children’s Place by 8.5% in the fourth quarter. Virtu Financial LLC now owns 8,793 shares of the company’s stock worth $204,000 after acquiring an additional 692 shares in the last quarter. XTX Topco Ltd grew its stake in Children’s Place by 105.5% in the second quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock valued at $220,000 after acquiring an additional 13,878 shares during the period. Finally, ARS Investment Partners LLC bought a new stake in shares of Children’s Place during the second quarter valued at approximately $247,000.

About Children’s Place

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.