Children’s Place, Inc. (The) (NASDAQ:PLCE) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities research analysts have also recently issued reports on PLCE. FBR & Co reiterated a “buy” rating on shares of Children’s Place, Inc. (The) in a research note on Tuesday, April 18th. BMO Capital Markets set a $112.00 target price on Children’s Place, Inc. (The) and gave the company a “hold” rating in a research note on Thursday, May 18th. Telsey Advisory Group upgraded Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Monday, June 26th. Morgan Stanley raised their target price on Children’s Place, Inc. (The) from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, May 22nd. Finally, Bank of America Corporation set a $140.00 target price on Children’s Place, Inc. (The) and gave the company a “buy” rating in a research note on Tuesday, June 13th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $125.00.

Shares of Children’s Place, Inc. (NASDAQ:PLCE) traded down 1.20% during trading on Wednesday, reaching $98.50. 142,313 shares of the company’s stock were exchanged. Children’s Place, Inc. has a 52 week low of $70.90 and a 52 week high of $125.30. The company’s 50-day moving average is $105.77 and its 200 day moving average is $108.20. The stock has a market capitalization of $1.74 billion, a PE ratio of 14.09 and a beta of 0.33.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. The firm had revenue of $373.60 million during the quarter, compared to the consensus estimate of $376.53 million. Children’s Place, Inc. (The) had a net margin of 7.14% and a return on equity of 26.01%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.01) earnings per share. On average, analysts forecast that Children’s Place, Inc. will post $7.33 earnings per share for the current year.

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In related news, SVP Kevin Low sold 14,517 shares of Children’s Place, Inc. (The) stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $109.04, for a total transaction of $1,582,933.68. Following the sale, the senior vice president now directly owns 33,565 shares in the company, valued at $3,659,927.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Scarpa sold 37,231 shares of Children’s Place, Inc. (The) stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $108.08, for a total transaction of $4,023,926.48. Following the sale, the insider now owns 59,084 shares in the company, valued at $6,385,798.72. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Children’s Place, Inc. (The) by 19,592.4% in the first quarter. BlackRock Inc. now owns 2,432,404 shares of the company’s stock worth $292,011,000 after buying an additional 2,420,052 shares in the last quarter. FMR LLC boosted its stake in shares of Children’s Place, Inc. (The) by 7,303.5% in the second quarter. FMR LLC now owns 741,169 shares of the company’s stock worth $75,674,000 after buying an additional 731,158 shares in the last quarter. Columbus Circle Investors bought a new stake in shares of Children’s Place, Inc. (The) during the first quarter worth $29,558,000. LSV Asset Management boosted its stake in shares of Children’s Place, Inc. (The) by 49.9% in the second quarter. LSV Asset Management now owns 694,668 shares of the company’s stock worth $70,925,000 after buying an additional 231,111 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Children’s Place, Inc. (The) by 41.6% in the first quarter. Renaissance Technologies LLC now owns 720,060 shares of the company’s stock worth $86,443,000 after buying an additional 211,700 shares in the last quarter.

About Children’s Place, Inc. (The)

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 Children`s Place, Inc. (The) (NASDAQ:PLCE)

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