The stock of Childrens Place Inc (NASDAQ:PLCE) reached all time high today, Nov, 18 and still has $144.65 target or 44.00% above today’s $100.45 share price. This indicates more upside for the $2.09B company. This technical setup was reported by Barchart.com. If the $144.65 PT is reached, the company will be worth $919.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 321,426 shares traded hands. 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.
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 rating was downgraded by Oppenheimer on Wednesday, May 4 to “Perform”. The stock of Childrens Place Inc (NASDAQ:PLCE) earned “Outperform” rating by Wolfe Research on Friday, November 18. The stock of Childrens Place Inc (NASDAQ:PLCE) earned “Outperform” rating by Oppenheimer on Friday, January 15. The stock has “Neutral” rating given by Piper Jaffray on Wednesday, September 21. The stock has “Buy” rating given by Goldman Sachs on Wednesday, May 18. The company was maintained on Thursday, August 18 by FBR Capital. The stock of Childrens Place Inc (NASDAQ:PLCE) has “Outperform” rating given on Monday, March 14 by Wolfe Research. Wolfe Research initiated the shares of PLCE in a report on Tuesday, August 18 with “Outperform” rating. Bank of America upgraded Childrens Place Inc (NASDAQ:PLCE) on Monday, November 14 to “Buy” rating. The company was upgraded on Monday, January 11 by Morgan Stanley.
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 Q2 2016. 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.
Aqr Capital Limited Liability Corporation reported 29,961 shares or 0% of all its holdings. Gotham Asset Mgmt Limited Co holds 0.06% or 61,627 shares in its portfolio. Pinebridge Lp has invested 0.01% of its portfolio in Childrens Place Inc (NASDAQ:PLCE). Blackrock Llc accumulated 76,923 shares or 0.01% of the stock. Geode Capital Limited Liability Corporation reported 147,608 shares or 0.01% of all its holdings. Aperio Grp Inc Ltd Limited Liability Company has invested 0% of its portfolio in Childrens Place Inc (NASDAQ:PLCE). Moreover, Thrivent Fincl For Lutherans has 0.01% invested in Childrens Place Inc (NASDAQ:PLCE) for 20,110 shares. Cibc Asset Mgmt reported 2,513 shares or 0% of all its holdings. Voya Invest Management Ltd Liability accumulated 405,333 shares or 0.08% of the stock. Proshare Advisors Limited Liability Corporation accumulated 2,715 shares or 0% of the stock. Comerica Bancorporation owns 18,888 shares or 0.01% of their US portfolio. Pointstate Limited Partnership holds 0.09% of its portfolio in Childrens Place Inc (NASDAQ:PLCE) for 53,100 shares. Credit Suisse Ag holds 19,137 shares or 0% of its portfolio. Convergence Invest Partners Ltd Co owns 31,974 shares or 0.35% of their US portfolio. Blackrock Fund last reported 1.24M shares in the company.
Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 4 sales for $2.48 million net activity. ALUTTO JOSEPH A sold $1.11 million worth of stock or 15,000 shares. 5 Childrens Place Inc (NASDAQ:PLCE) shares with value of $375 were sold by MATTHEWS NORMAN S. The insider SCARPA MICHAEL sold $1.32M. Another trade for 601 shares valued at $50,490 was sold by PRUTHI ANURUP.
More news for Childrens Place Inc (NASDAQ:PLCE) were recently published by: Benzinga.com, which released: “Mid-Afternoon Market Update: Children’s Place Rises On Strong Q3 Results …” on November 17, 2016. Bloomberg.com‘s article titled: “Urban Outfitters, Children’s Place Defy Apparel Field’s Woes” and published on August 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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