BMO Capital Markets Analysts Give Childrens Place (PLCE) a $130.00 Price Target
Childrens Place (NASDAQ:PLCE) has been assigned a $130.00 target price by research analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 4.97% from the company’s current price.
PLCE has been the topic of several other reports. BidaskClub upgraded Childrens Place from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. B. Riley reiterated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. Buckingham Research upped their target price on Childrens Place from $139.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, November 16th. Telsey Advisory Group upped their target price on Childrens Place from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Finally, ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Childrens Place has a consensus rating of “Buy” and a consensus target price of $132.42.
Childrens Place (PLCE) traded down $3.80 during trading hours on Tuesday, hitting $136.80. The stock had a trading volume of 337,100 shares, compared to its average volume of 525,593. The company has a market capitalization of $2,445.81, a PE ratio of 19.34, a P/E/G ratio of 2.07 and a beta of 0.33. Childrens Place has a 52 week low of $92.95 and a 52 week high of $141.95.
Institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC increased its position in shares of Childrens Place by 80.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after purchasing an additional 565 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Childrens Place during the 3rd quarter worth $171,000. Flinton Capital Management LLC grew its stake in shares of Childrens Place by 70.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock worth $194,000 after acquiring an additional 784 shares during the period. Shelton Capital Management bought a new position in shares of Childrens Place during the 3rd quarter worth $206,000. Finally, Advisor Group Inc. grew its stake in shares of Childrens Place by 169.9% during the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock worth $209,000 after acquiring an additional 1,113 shares during the period.
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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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