Childrens Place (PLCE) Price Target Raised to $157.00 at SunTrust Banks
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.
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.
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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