Childrens Place (NASDAQ:PLCE) had its price objective increased by stock analysts at SunTrust Banks to $157.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “hold” rating on the stock. SunTrust Banks’ price objective would suggest a potential upside of 6.66% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other equities analysts have also recently weighed in on PLCE. B. Riley reiterated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. FBR & Co restated a “buy” rating and set a $127.00 target price on shares of Childrens Place in a report on Monday, October 2nd. Telsey Advisory Group increased their price target on Childrens Place from $140.00 to $164.00 and gave the company an “outperform” rating in a research report on Tuesday, January 2nd. BMO Capital Markets set a $130.00 price target on Childrens Place and gave the company a “hold” rating in a research report on Tuesday, December 19th. Finally, ValuEngine lowered Childrens Place from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Childrens Place currently has an average rating of “Buy” and a consensus target price of $137.75.

Shares of Childrens Place (NASDAQ:PLCE) traded down $0.60 during trading hours on Tuesday, reaching $147.20. The company’s stock had a trading volume of 87,906 shares, compared to its average volume of 680,660. The stock has a market cap of $2,570.00, a PE ratio of 20.88, a P/E/G ratio of 2.19 and a beta of 0.31. Childrens Place has a 12 month low of $92.95 and a 12 month high of $153.40.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. The business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.29 EPS. equities analysts predict that Childrens Place will post 7.54 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Profund Advisors LLC raised its position in shares of Childrens Place by 18.0% during the 2nd quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock worth $311,000 after acquiring an additional 465 shares in the last quarter. Stifel Financial Corp raised its position in shares of Childrens Place by 42.7% during the 2nd quarter. Stifel Financial Corp now owns 36,929 shares of the company’s stock worth $3,773,000 after acquiring an additional 11,056 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of Childrens Place during the 3rd quarter worth about $680,000. Vanguard Group Inc. raised its position in shares of Childrens Place by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock worth $247,660,000 after acquiring an additional 32,057 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Childrens Place by 131.0% during the 3rd quarter. Nationwide Fund Advisors now owns 110,629 shares of the company’s stock worth $13,071,000 after acquiring an additional 62,737 shares in the last quarter.

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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.

The Fly

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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