Children’s Place (NASDAQ:PLCE) Downgraded by StockNews.com

StockNews.com downgraded shares of Children’s Place (NASDAQ:PLCE) from a hold rating to a sell rating in a report published on Tuesday.

Several other research firms have also recently weighed in on PLCE. Telsey Advisory Group reissued a market perform rating and set a $9.00 price objective on shares of Children’s Place in a research report on Wednesday, May 22nd. B. Riley upgraded Children’s Place from a sell rating to a neutral rating and cut their price target for the stock from $12.00 to $7.00 in a report on Wednesday, April 24th. Finally, UBS Group lowered their price objective on shares of Children’s Place from $24.00 to $12.00 and set a neutral rating on the stock in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, Children’s Place currently has a consensus rating of Hold and a consensus target price of $14.50.

Children’s Place Stock Down 3.5 %

PLCE opened at $9.24 on Tuesday. The firm has a market cap of $117.44 million, a P/E ratio of -0.71 and a beta of 2.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.15 and a current ratio of 0.89. The business has a 50 day moving average price of $9.98 and a 200 day moving average price of $14.13. Children’s Place has a twelve month low of $6.58 and a twelve month high of $38.03.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, June 12th. The company reported ($1.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.05) by ($0.13). The firm had revenue of $267.88 million for the quarter, compared to the consensus estimate of $327.38 million. Children’s Place had a negative return on equity of 233.44% and a negative net margin of 10.56%. Children’s Place’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the company posted ($2.12) earnings per share. Research analysts forecast that Children’s Place will post -0.56 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. raised its stake in shares of Children’s Place by 132.7% in the 3rd quarter. Citigroup Inc. now owns 12,747 shares of the company’s stock valued at $345,000 after buying an additional 7,268 shares in the last quarter. Mithaq Capital SPC bought a new position in Children’s Place during the fourth quarter worth about $7,999,000. Partnership Wealth Management LLC acquired a new stake in Children’s Place during the fourth quarter valued at approximately $1,602,000. SG Americas Securities LLC bought a new stake in shares of Children’s Place in the 4th quarter valued at approximately $137,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Children’s Place by 1,397.6% in the 4th quarter. BNP Paribas Financial Markets now owns 26,672 shares of the company’s stock worth $619,000 after buying an additional 24,891 shares in the last quarter.

Children’s Place Company Profile

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.