Children's Place (NASDAQ:PLCE) upgraded to Hold by StockNews.com

StockNews.com downgraded the shares of Children’s Place (NASDAQ:PLCE – Free Report) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

PLCE has been the subject of a number of other reports. Telsey Advisory Group reiterated a market perform rating and issued a $9.00 price target on shares of Children’s Place in a report on Wednesday, May 22nd. UBS Group decreased their price target on shares of Children’s Place from $24.00 to $12.00 and gave the company a neutral rating in a report on Tuesday, June 11th. Finally, B. Riley raised shares of Children’s Place from a sell rating to a neutral rating and lowered its price target on the stock from $12.00 to $7.00 in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating. The stock currently has a consensus rating of Hold and a consensus price target of $14.50, according to data from MarketBeat.com.

Our latest analysis of Children’s Place

Children’s Place share price development

NASDAQ:PLCE shares opened at $6.32 on Tuesday. The company has a 50-day moving average of $8.15 and a 200-day moving average of $11.69. Children’s Place has a one year low of $6.01 and a one year high of $38.03. The stock has a market cap of $80.31 million, a price-to-earnings ratio of -0.49 and a beta of 2.18.

Children’s Place (NASDAQ:PLCE – Get Free Report) last announced its earnings results on Wednesday, June 12. The company reported earnings per share ($1.18) for the quarter, missing analysts’ consensus estimates of ($1.05) by ($0.13). Children’s Place had a negative net margin of 10.56% and a negative return on equity of 233.44%. The company had revenue of $267.88 million for the quarter, compared to analysts’ expectations of $327.38 million. During the same period last year, the company reported earnings per share ($2.12). Children’s Place’s quarterly revenue declined 16.7% year-over-year.

Institutional inflows and outflows

Several institutional investors and hedge funds have recently added to or reduced their holdings of the stock. Canada Pension Plan Investment Board increased its position in Children’s Place by 462.1% in the second quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company’s stock worth $398,000 after purchasing an additional 40,200 shares during the same period. XTX Topco Ltd increased its position in Children’s Place by 105.5% in the second quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock worth $220,000 after purchasing an additional 13,878 shares during the same period. ARS Investment Partners LLC acquired a new position in Children’s Place in the second quarter valued at about $247,000. SG Americas Securities LLC increased its position in Children’s Place by 344.1% in the first quarter. SG Americas Securities LLC now owns 26,139 shares of the company’s stock valued at $302,000 after purchasing an additional 20,253 shares during the same period. Finally, Mithaq Capital SPC increased its position in Children’s Place by 1,932.4% during the first quarter. Mithaq Capital SPC now owns 7,001,387 shares of the company’s stock valued at $80,796,000 after purchasing an additional 6,656,894 shares during the same period.

Company profile of Children’s Place

(Get free report)

The Children’s Place, Inc. is a specialty retailer of children’s apparel in North America. The company operates in two segments: The Children’s Place US and The Children’s Place International. The company offers apparel, footwear, accessories and other items for children and youth and designs, manufactures and sells merchandise under the trademarked brand names The Children’s Place, Place, Baby Place, Gymboree, Sugar & Jade and PJ Place.