Childrens Place (NASDAQ:PLCE) Reaches New 52-Week Low at $70.88
Childrens Place Inc (NASDAQ:PLCE) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $70.88 and last traded at $71.49, with a volume of 1620386 shares. The stock had previously closed at $78.01.
Several research firms have recently issued reports on PLCE. B. Riley set a $122.00 price target on Childrens Place and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Bank of America set a $115.00 price target on Childrens Place and gave the stock a “hold” rating in a research note on Monday, August 12th. TheStreet downgraded Childrens Place from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. BidaskClub downgraded Childrens Place from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, Deutsche Bank upgraded Childrens Place from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $124.67.
The firm has a 50 day moving average of $91.89 and a two-hundred day moving average of $96.40. The stock has a market cap of $1.25 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.56 and a beta of 0.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.22 and a current ratio of 0.79.
Childrens Place Company Profile (NASDAQ:PLCE)
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.
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