UBS Group Lowers Children’s Place (NASDAQ:PLCE) Price Target to $17.00

Children’s Place (NASDAQ:PLCE) had its target price reduced by UBS Group from $18.00 to $17.00 in a research report released on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Separately, StockNews.com lowered shares of Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

Children’s Place Stock Up 6.9 %

NASDAQ PLCE opened at $15.01 on Monday. The business has a 50 day simple moving average of $13.72 and a 200 day simple moving average of $10.37. Children’s Place has a one year low of $4.77 and a one year high of $38.03.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings data on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of ($1.10) by $1.40. Children’s Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%. The company had revenue of $319.66 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Centiva Capital LP raised its holdings in shares of Children’s Place by 13.5% in the 3rd quarter. Centiva Capital LP now owns 21,321 shares of the company’s stock worth $330,000 after acquiring an additional 2,530 shares during the last quarter. Verition Fund Management LLC bought a new stake in Children’s Place during the 3rd quarter worth approximately $323,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Children’s Place in the third quarter worth approximately $2,772,000. FORA Capital LLC bought a new position in shares of Children’s Place in the third quarter valued at approximately $158,000. Finally, Corsair Capital Management L.P. bought a new position in shares of Children’s Place in the third quarter valued at approximately $341,000.

About Children’s Place

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.