Children’s Place (NASDAQ:PLCE) Price Target Cut to $17.00 by Analysts at UBS Group

Children’s Place (NASDAQ:PLCE) had its target price cut by UBS Group from $18.00 to $17.00 in a report released on Monday morning,Benzinga reports. They currently have 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 research 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. Based on data from MarketBeat.com, Children’s Place currently has an average rating of “Hold” and a consensus price target of $11.00.

Children’s Place Stock Performance

PLCE opened at $15.01 on Monday. The company has a fifty day simple moving average of $13.72 and a 200 day simple moving average of $10.37. Children’s Place has a 12 month low of $4.77 and a 12 month high of $38.03.

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

Institutional Investors Weigh In On Children’s Place

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Covestor Ltd bought a new position in Children’s Place in the 3rd quarter valued at approximately $27,000. Quantbot Technologies LP acquired a new position in shares of Children’s Place during the third quarter worth $33,000. FORA Capital LLC acquired a new position in shares of Children’s Place during the third quarter worth $158,000. Dark Forest Capital Management LP grew its stake in shares of Children’s Place by 67.7% in the second quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock worth $147,000 after purchasing an additional 7,272 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Children’s Place during the 3rd quarter worth $323,000.

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.