The stock of Childrens Place Inc (NASDAQ:PLCE) is a huge mover today! About 535,091 shares traded hands or 26.76% up from the average. Childrens Place Inc (NASDAQ:PLCE) has declined 0.37% since April 8, 2016 and is downtrending. It has underperformed by 6.01% the S&P500.
The move comes after 7 months positive chart setup for the $1.52 billion company. It was reported on Nov, 10 by Barchart.com. We have $135.62 PT which if reached, will make NASDAQ:PLCE worth $1.05B more.
Childrens Place Inc (NASDAQ:PLCE) Ratings Coverage
Out of 10 analysts covering Children’s Place (NASDAQ:PLCE), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. Children’s Place has been the topic of 22 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Mizuho on Thursday, January 7. On Thursday, August 27 the stock rating was maintained by FIG Partners with “In-Line”. The firm has “Outperform” rating given on Thursday, August 18 by FBR Capital. Wolfe Research upgraded Childrens Place Inc (NASDAQ:PLCE) on Monday, March 14 to “Outperform” rating. The firm earned “In-Line” rating on Tuesday, August 25 by Mizuho. On Thursday, March 17 the stock rating was upgraded by Piper Jaffray to “Overweight”. The rating was downgraded by Oppenheimer to “Perform” on Wednesday, May 4. As per Wednesday, May 18, the company rating was upgraded by Goldman Sachs. The rating was maintained by Mizuho on Friday, December 4 with “Buy”. Zacks upgraded Childrens Place Inc (NASDAQ:PLCE) on Friday, August 14 to “Hold” rating.
According to Zacks Investment Research, “The Children’s Place Retail Stores, Inc. is a growing specialty retailer of apparel and accessories for children from newborn to twelve years of age. The company designs, sources and markets the products under the proprietary The Children’s Place brand name for sale exclusively in the stores. The merchandising objective is to provide the customers with high-quality, fashionable products at prices that represent substantial value relative to the competitors.”
Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.54, from 1.36 in 2016Q1. The ratio dived, as 29 funds sold all Childrens Place Inc shares owned while 80 reduced positions. 35 funds bought stakes while 54 increased positions. They now own 21.29 million shares or 21.17% less from 27.01 million shares in 2016Q1.
Principal Grp Inc holds 0.02% or 137,351 shares in its portfolio. Comerica Bancorp has 0.01% invested in the company for 18,888 shares. Renaissance Limited Liability reported 331,260 shares or 0.05% of all its holdings. State Of Tennessee Treasury Department has invested 0.01% of its portfolio in Childrens Place Inc (NASDAQ:PLCE). Colony Group Inc Limited Liability last reported 27,098 shares in the company. Oberweis Asset Mgmt Inc has 0.19% invested in the company for 8,000 shares. Nomura Hldg Incorporated, a Japan-based fund reported 63,006 shares. Kbc Grp Nv holds 16,276 shares or 0.02% of its portfolio. Ls accumulated 702 shares or 0% of the stock. Wells Fargo & Mn holds 23,557 shares or 0% of its portfolio. Denver Advisors Limited Liability Corp has invested 0.57% of its portfolio in Childrens Place Inc (NASDAQ:PLCE). Teachers Retirement Sys Of The State Of Kentucky last reported 0.01% of its portfolio in the stock. Engineers Gate Manager Limited Partnership owns 63,860 shares or 0.37% of their US portfolio. Vident Inv Advisory Lc has 42,225 shares for 0.48% of their US portfolio. Hsbc Public Ltd Com accumulated 0% or 4,098 shares.
Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 4 sales for $2.48 million net activity. PRUTHI ANURUP also sold $50,490 worth of Childrens Place Inc (NASDAQ:PLCE) shares. $375 worth of Childrens Place Inc (NASDAQ:PLCE) was sold by MATTHEWS NORMAN S. Another trade for 15,463 shares valued at $1.32 million was made by SCARPA MICHAEL on Monday, August 22. 15,000 shares with value of $1.11 million were sold by ALUTTO JOSEPH A on Monday, May 23.
More notable recent Childrens Place Inc (NASDAQ:PLCE) news were published by: Bloomberg.com which released: “Urban Outfitters, Children’s Place Defy Apparel Field’s Woes” on August 17, 2016, also Wsj.com with their article: “Children’s Place Boosts Forecast as Profit, Sales Climb” published on May 17, 2016, Forbes.com published: “Children’s Place is Now Oversold (PLCE)” on October 18, 2016. More interesting news about Childrens Place Inc (NASDAQ:PLCE) were released by: Marketwatch.com and their article: “Children’s Place offers upbeat outlook for 2016” published on March 15, 2016 as well as Benzinga.com‘s news article titled: “Children’s Place Q2 Earnings, Outlook Provide Positive Surprises” with publication date: August 17, 2016.
PLCE Company Profile
The Children’s Place, Inc. (The Children’s Place), incorporated on June 3, 1988, is a pure-play children’s specialty apparel retailer in North America. The Firm sells apparel, accessories, footwear and other items for children. The Firm operates through two divisions: The Children’s Place U.S. and The Children’s Place International. The Children’s Place U.S. segment includes the United States and Puerto Rico stores and revenue from the United States wholesale customers. The Children’s Place International segment includes its Canadian stores, revenue from the Company’s Canada wholesale customer, as well as revenue from international franchisees. The Firm designs, contracts to manufacture and licenses to sell merchandise under brand names, such as The Children’s Place, Place and Baby Place. The Children’s Place has various departments and serves the wardrobe needs of girls and boys (sizes 4 to 14), toddler girls and boys (sizes 12 months to 5T), and baby (sizes 0 to 18 months).
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