Children’s Place, Inc. (The)’s (PLCE) Hold Rating Reiterated at BMO Capital Markets

BMO Capital Markets reissued their hold rating on shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) in a research note released on Thursday. The firm currently has a $112.00 price target on the stock.

Several other analysts have also weighed in on PLCE. FBR & Co restated a buy rating and set a $127.00 price target on shares of Children’s Place, Inc. (The) in a report on Monday, October 2nd. BidaskClub upgraded Children’s Place, Inc. (The) from a buy rating to a strong-buy rating in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $128.36.

Shares of Children’s Place, Inc. (PLCE) opened at $108.35 on Thursday. Children’s Place, Inc. has a twelve month low of $70.90 and a twelve month high of $125.30. The firm has a market capitalization of $1,911.28, a price-to-earnings ratio of 15.52, a P/E/G ratio of 1.63 and a beta of 0.27.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.11. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. The company had revenue of $373.60 million for the quarter, compared to analyst estimates of $376.53 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. Children’s Place, Inc. (The)’s quarterly revenue was up .6% compared to the same quarter last year. analysts forecast that Children’s Place, Inc. will post 7.4 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Profund Advisors LLC grew its position in shares of Children’s Place, Inc. (The) by 18.0% during the 2nd quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock worth $311,000 after buying an additional 465 shares in the last quarter. Airain ltd bought a new position in shares of Children’s Place, Inc. (The) during the 2nd quarter worth $1,032,000. Old Mutual Global Investors UK Ltd. grew its position in shares of Children’s Place, Inc. (The) by 42.3% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 373,527 shares of the company’s stock worth $38,137,000 after buying an additional 110,995 shares in the last quarter. Stifel Financial Corp grew its position in shares of Children’s Place, Inc. (The) by 42.7% during the 2nd quarter. Stifel Financial Corp now owns 36,929 shares of the company’s stock worth $3,773,000 after buying an additional 11,056 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Children’s Place, Inc. (The) by 25.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 42,877 shares of the company’s stock worth $5,147,000 after buying an additional 8,635 shares in the last quarter.

About Children’s Place, Inc. (The)

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.

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