UBS Group Has Lowered Expectations for Children’s Place (NASDAQ:PLCE) Stock Price

Children’s Place (NASDAQ:PLCE) had its price target decreased by stock analysts at UBS Group from $11.00 to $9.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 19.30% from the company’s current price.

Children’s Place Trading Down 2.8 %

NASDAQ:PLCE traded down $0.22 during mid-day trading on Tuesday, hitting $7.54. 181,343 shares of the company’s stock traded hands, compared to its average volume of 339,539. Children’s Place has a 12 month low of $4.77 and a 12 month high of $19.74. The firm has a market capitalization of $96.45 million, a price-to-earnings ratio of -0.53 and a beta of 2.35. The firm has a 50 day moving average of $9.95 and a two-hundred day moving average of $11.40.

Children’s Place (NASDAQ:PLCE) last announced 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 return on equity of 4,732.98% and a negative net margin of 12.47%. During the same period in the prior year, the company posted $3.22 earnings per share.

Institutional Trading of Children’s Place

Several institutional investors have recently made changes to their positions in the business. Covestor Ltd acquired a new stake in Children’s Place during the third quarter valued at approximately $27,000. Quantbot Technologies LP bought a new position in shares of Children’s Place during the third quarter valued at $33,000. FNY Investment Advisers LLC bought a new stake in shares of Children’s Place in the 4th quarter worth about $31,000. State of Wyoming bought a new position in Children’s Place during the 4th quarter valued at about $37,000. Finally, Tower Research Capital LLC TRC bought a new position in Children’s Place during the 4th quarter valued at about $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.