Price Don’t Lie: What Will Happen to Childrens Place Inc Next? The Stock Just Increased A Lot

Price Don't Lie: What Will Happen to Childrens Place Inc Next? The Stock Just Increased A Lot

The stock of Childrens Place Inc (NASDAQ:PLCE) is a huge mover today! About 559,138 shares traded hands or 1.45% up from the average. Childrens Place Inc (NASDAQ:PLCE) has risen 18.18% since April 18, 2016 and is uptrending. It has outperformed by 13.75% the S&P500.
The move comes after 8 months positive chart setup for the $2.10B company. It was reported on Nov, 18 by Barchart.com. We have $159.42 PT which if reached, will make NASDAQ:PLCE worth $1.22B more.

Childrens Place Inc (NASDAQ:PLCE) Ratings Coverage

Out of 10 analysts covering Children’s Place (NASDAQ:PLCE), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Children’s Place has been the topic of 26 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock has “Peer Perform” rating given by Wolfe Research on Monday, December 7. Piper Jaffray downgraded Childrens Place Inc (NASDAQ:PLCE) rating on Wednesday, September 21. Piper Jaffray has “Neutral” rating and $88 price target. The stock of Childrens Place Inc (NASDAQ:PLCE) has “Outperform” rating given on Friday, January 15 by Oppenheimer. Telsey Advisory Group maintained Childrens Place Inc (NASDAQ:PLCE) rating on Friday, November 18. Telsey Advisory Group has “Market Perform” rating and $100 price target. Wolfe Research upgraded the stock to “Outperform” rating in Monday, March 14 report. As per Wednesday, May 4, the company rating was downgraded by Oppenheimer. Goldman Sachs upgraded Childrens Place Inc (NASDAQ:PLCE) on Wednesday, May 18 to “Buy” rating. As per Thursday, November 17, the company rating was maintained by Mizuho. As per Tuesday, October 27, the company rating was downgraded by Bank of America. The rating was maintained by Oppenheimer on Monday, January 18 with “Outperform”.

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 increased to 0.94 in 2016 Q2. Its up 0.12, from 0.82 in 2016Q1. The ratio improved, 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.
Fmr holds 1.19M shares or 0.01% of its portfolio. Hanseatic Management last reported 0% of its portfolio in the stock. Moreover, Vanguard Gp has 0.01% invested in Childrens Place Inc (NASDAQ:PLCE) for 2.08 million shares. Moreover, Skyline Asset Management L P has 1.99% invested in Childrens Place Inc (NASDAQ:PLCE) for 336,900 shares. National Bank & Trust Of Mellon holds 484,104 shares or 0.01% of its portfolio. Deutsche National Bank Ag has 303,320 shares for 0.02% of their US portfolio. Alliancebernstein Limited Partnership has invested 0.1% of its portfolio in Childrens Place Inc (NASDAQ:PLCE). Stifel Finance reported 34,704 shares or 0.01% of all its holdings. The Ohio-based Huntington National Bank has invested 0% in Childrens Place Inc (NASDAQ:PLCE). Stevens Mgmt L P last reported 0.05% of its portfolio in the stock. Moreover, Menta Capital Ltd has 0.15% invested in Childrens Place Inc (NASDAQ:PLCE) for 13,393 shares. Sei Invs Communication accumulated 0.02% or 36,920 shares. Moreover, Price T Rowe Assocs Md has 0% invested in Childrens Place Inc (NASDAQ:PLCE) for 89,360 shares. Renaissance Lc has 0.05% invested in the company for 331,260 shares. Gotham Asset Ltd Liability Corporation has 61,627 shares for 0.06% of their US portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 4 selling transactions for $2.48 million net activity. The insider MATTHEWS NORMAN S sold 5 shares worth $375. 15,000 shares with value of $1.11M were sold by ALUTTO JOSEPH A on Monday, May 23. Another trade for 601 shares valued at $50,490 was sold by PRUTHI ANURUP. On Monday, August 22 SCARPA MICHAEL sold $1.32M worth of the stock or 15,463 shares.

More news for Childrens Place Inc (NASDAQ:PLCE) were recently published by: Bloomberg.com, which released: “Urban Outfitters, Children’s Place Defy Apparel Field’s Woes” on August 17, 2016. Benzinga.com‘s article titled: “Mid-Afternoon Market Update: Children’s Place Rises On Strong Q3 Results …” and published on November 17, 2016 is yet another important article.

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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