BidaskClub Lowers Childrens Place (PLCE) to Hold

Childrens Place (NASDAQ:PLCE) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also issued reports on PLCE. B. Riley set a $130.00 price target on Childrens Place and gave the company a “buy” rating in a research note on Wednesday, November 15th. ValuEngine raised Childrens Place from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Telsey Advisory Group upped their price target on Childrens Place from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Buckingham Research upped their price target on Childrens Place from $139.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, BMO Capital Markets set a $121.00 target price on Childrens Place and gave the company a “hold” rating in a research note on Friday, November 17th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $143.33.

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Childrens Place (NASDAQ:PLCE) opened at $137.05 on Friday. Childrens Place has a one year low of $94.95 and a one year high of $161.65. The stock has a market capitalization of $2,380.00, a price-to-earnings ratio of 19.44, a PEG ratio of 1.73 and a beta of 0.30.

A number of large investors have recently added to or reduced their stakes in PLCE. APG Asset Management N.V. lifted its stake in Childrens Place by 267.9% in the fourth quarter. APG Asset Management N.V. now owns 336,300 shares of the company’s stock valued at $40,707,000 after buying an additional 244,900 shares during the period. Hood River Capital Management LLC acquired a new position in Childrens Place in the fourth quarter valued at about $15,473,000. Renaissance Technologies LLC lifted its stake in Childrens Place by 5,295.9% in the fourth quarter. Renaissance Technologies LLC now owns 105,760 shares of the company’s stock valued at $15,372,000 after buying an additional 103,800 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Childrens Place in the fourth quarter valued at about $14,841,000. Finally, Stifel Financial Corp lifted its stake in Childrens Place by 191.6% in the third quarter. Stifel Financial Corp now owns 107,697 shares of the company’s stock valued at $12,730,000 after buying an additional 70,768 shares during the period.

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Childrens Place Company Profile

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.

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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