UBS Group Cuts Children’s Place (NASDAQ:PLCE) Price Target to $9.00

Children’s Place (NASDAQ:PLCE) had its price objective trimmed by UBS Group from $11.00 to $9.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Children’s Place Stock Up 1.5 %

Shares of Children’s Place stock opened at $8.01 on Tuesday. The firm has a market cap of $102.41 million, a PE ratio of -0.56 and a beta of 2.47. Children’s Place has a twelve month low of $4.77 and a twelve month high of $19.74. The business has a 50-day moving average price of $9.87 and a 200 day moving average price of $11.38.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.59). Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same period in the previous year, the firm earned $3.22 earnings per share.

Hedge Funds Weigh In On Children’s Place

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd acquired a new stake in shares of Children’s Place in the third quarter valued at about $27,000. FNY Investment Advisers LLC acquired a new stake in Children’s Place in the 4th quarter worth about $31,000. Quantbot Technologies LP purchased a new stake in Children’s Place during the 3rd quarter worth approximately $33,000. State of Wyoming purchased a new stake in Children’s Place during the 4th quarter worth approximately $37,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Children’s Place during the fourth quarter valued at approximately $44,000.

About Children’s Place

The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S.