The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) was upgraded by research analysts at Bank of America Corp. from an “underperform” rating to a “buy” rating in a report released on Monday.

Other analysts have also issued reports about the company. Zacks Investment Research raised The Children’s Place Retail Stores from a “hold” rating to a “strong-buy” rating and set a $96.00 target price on the stock in a report on Saturday, July 30th. FBR & Co dropped their target price on The Children’s Place Retail Stores from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, August 18th. Mizuho raised their target price on The Children’s Place Retail Stores from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Citigroup Inc. increased their price target on The Children’s Place Retail Stores from $80.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, August 18th. Finally, Telsey Advisory Group increased their price target on The Children’s Place Retail Stores from $83.00 to $93.00 and gave the stock a “market perform” rating in a research report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $85.71.

Analyst Recommendations for The Children`s Place Retail Stores (NASDAQ:PLCE)

Shares of The Children’s Place Retail Stores (NASDAQ:PLCE) opened at 82.60 on Monday. The firm has a 50-day moving average price of $76.25 and a 200-day moving average price of $77.94. The company has a market cap of $1.52 billion, a P/E ratio of 20.48 and a beta of 0.16. The Children’s Place Retail Stores has a 1-year low of $46.74 and a 1-year high of $90.00.

The Children’s Place Retail Stores (NASDAQ:PLCE) last posted its earnings results on Wednesday, August 17th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.22. The firm had revenue of $371.40 million for the quarter, compared to analyst estimates of $367.51 million. The Children’s Place Retail Stores had a return on equity of 17.14% and a net margin of 4.58%. The Children’s Place Retail Stores’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company earned ($0.33) earnings per share. On average, equities analysts expect that The Children’s Place Retail Stores will post $4.69 EPS for the current year.

In other The Children’s Place Retail Stores news, insider Anurup Pruthi sold 601 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $84.01, for a total transaction of $50,490.01. Following the completion of the sale, the insider now owns 13,925 shares of the company’s stock, valued at $1,169,839.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Michael Scarpa sold 15,463 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $85.49, for a total value of $1,321,931.87. Following the sale, the chief operating officer now directly owns 64,122 shares of the company’s stock, valued at approximately $5,481,789.78. The disclosure for this sale can be found here. Corporate insiders own 1.93% of the company’s stock.

Large investors have recently bought and sold shares of the company. KCG Holdings Inc. acquired a new stake in The Children’s Place Retail Stores during the third quarter valued at about $375,000. USA Financial Portformulas Corp purchased a new stake in shares of The Children’s Place Retail Stores during the third quarter worth $727,000. Convergence Investment Partners LLC boosted its stake in shares of The Children’s Place Retail Stores by 1.2% in the third quarter. Convergence Investment Partners LLC now owns 32,342 shares of the company’s stock worth $2,583,000 after buying an additional 368 shares during the last quarter. Morgan Stanley boosted its stake in shares of The Children’s Place Retail Stores by 11.1% in the third quarter. Morgan Stanley now owns 40,722 shares of the company’s stock worth $3,252,000 after buying an additional 4,080 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in shares of The Children’s Place Retail Stores by 11.6% in the third quarter. Acrospire Investment Management LLC now owns 2,895 shares of the company’s stock worth $231,000 after buying an additional 300 shares during the last quarter.

About The Children’s Place Retail Stores

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.

5 Day Chart for NASDAQ:PLCE

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