Childrens Place (PLCE) Given a $130.00 Price Target by BMO Capital Markets Analysts
Childrens Place (NASDAQ:PLCE) has been given a $130.00 price objective by equities researchers at BMO Capital Markets in a research report issued to clients and investors on Tuesday. The brokerage currently has a “hold” rating on the stock. BMO Capital Markets’ price objective would indicate a potential downside of 5.42% from the stock’s current price.
A number of other equities research analysts have also recently commented on PLCE. FBR & Co restated a “buy” rating and issued a $127.00 price target on shares of Childrens Place in a report on Monday, October 2nd. B. Riley restated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Telsey Advisory Group raised their price target on shares of Childrens Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Finally, Buckingham Research raised their price target on shares of Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $132.42.
Shares of Childrens Place (PLCE) opened at $137.45 on Tuesday. The company has a market cap of $2,390.00, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 2.07 and a beta of 0.33. Childrens Place has a twelve month low of $92.95 and a twelve month high of $141.95.
Institutional investors have recently added to or reduced their stakes in the business. Profund Advisors LLC lifted its stake in shares of Childrens Place by 18.0% in the second quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock valued at $311,000 after buying an additional 465 shares in the last quarter. Airain ltd bought a new position in shares of Childrens Place in the second quarter valued at $1,032,000. Stifel Financial Corp lifted its stake in shares of Childrens Place by 42.7% in the second quarter. Stifel Financial Corp now owns 36,929 shares of the company’s stock valued at $3,773,000 after buying an additional 11,056 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Childrens Place by 42.3% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 373,527 shares of the company’s stock valued at $38,137,000 after buying an additional 110,995 shares in the last quarter. Finally, Legato Capital Management LLC bought a new position in shares of Childrens Place in the third quarter valued at $680,000.
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About Childrens Place
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.
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