Children’s Place (NASDAQ:PLCE) PT Raised to $18.00 at UBS Group

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

Several other analysts have also issued reports on PLCE. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 target price on shares of Children’s Place in a research note on Wednesday, May 22nd. StockNews.com downgraded shares of Children’s Place from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Children’s Place currently has a consensus rating of “Hold” and an average target price of $16.00.

Children’s Place Stock Performance

Shares of NASDAQ PLCE opened at $15.17 on Thursday. The stock has a market cap of $192.96 million, a price-to-earnings ratio of -1.17 and a beta of 2.15. Children’s Place has a fifty-two week low of $4.77 and a fifty-two week high of $38.03. The firm’s 50-day simple moving average is $7.81 and its 200 day simple moving average is $9.47.

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

Hedge Funds Weigh In On Children’s Place

A number of hedge funds and other institutional investors have recently made changes to their positions in PLCE. Susquehanna Fundamental Investments LLC purchased a new stake in Children’s Place during the second quarter worth about $464,000. Shellback Capital LP bought a new position in shares of Children’s Place during the 2nd quarter valued at approximately $423,000. Dark Forest Capital Management LP increased its stake 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 during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Children’s Place by 144.7% in the 2nd quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock worth $334,000 after purchasing an additional 24,282 shares during the period. Finally, Point72 DIFC Ltd raised its holdings in shares of Children’s Place by 42.3% in the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock worth $175,000 after purchasing an additional 6,383 shares during the period.

Children’s Place Company Profile

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.