UBS Group Issues Pessimistic Forecast for Children’s Place (NASDAQ:PLCE) Stock Price

Children’s Place (NASDAQ:PLCE) had its price objective decreased by stock analysts at UBS Group from $11.00 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 14.07% from the company’s previous close.

Children’s Place Trading Up 3.4 %

PLCE stock opened at $7.89 on Tuesday. The company has a market cap of $100.87 million, a price-to-earnings ratio of -0.56 and a beta of 2.47. Children’s Place has a 12 month low of $4.77 and a 12 month high of $19.74. The firm has a 50-day moving average of $9.91 and a two-hundred day moving average of $11.41.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.59). Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same quarter last year, the company posted $3.22 earnings per share.

Institutional Trading of Children’s Place

Hedge funds have recently made changes to their positions in the company. Covestor Ltd purchased a new stake in shares of Children’s Place in the 3rd quarter valued at approximately $27,000. FNY Investment Advisers LLC purchased a new stake in shares of Children’s Place in the 4th quarter valued at approximately $31,000. Quantbot Technologies LP purchased a new stake in shares of Children’s Place in the 3rd quarter valued at approximately $33,000. State of Wyoming purchased a new stake in shares of Children’s Place in the 4th quarter valued at approximately $37,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Children’s Place in the 4th quarter valued at approximately $44,000.

Children’s Place Company Profile

The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S.