Bank of America Decides to Upgrade Children’s Place (NASDAQ:PLCE) Stock

October 2, 2018 - By Peter Kolinski

The Children's Place, Inc. (NASDAQ:PLCE) Logo

Investors sentiment increased to 1.04 in 2018 Q2. Its up 0.26, from 0.78 in 2018Q1. It is positive, as 33 investors sold The Children's Place, Inc. shares while 80 reduced holdings. 53 funds opened positions while 65 raised stakes. 19.83 million shares or 0.66% more from 19.70 million shares in 2018Q1 were reported.

Deutsche Bank Ag invested 0.01% in The Children's Place, Inc. (NASDAQ:PLCE). State Of Tennessee Treasury Department has invested 0.01% in The Children's Place, Inc. (NASDAQ:PLCE). Dekabank Deutsche Girozentrale owns 9,115 shares. Thompson Siegel And Walmsley Limited Liability Corporation reported 0.05% stake. Alliancebernstein Limited Partnership has invested 0% of its portfolio in The Children's Place, Inc. (NASDAQ:PLCE). Campbell Inv Adviser Limited Liability Company invested in 0.23% or 2,474 shares. Alps Advsrs has invested 0% in The Children's Place, Inc. (NASDAQ:PLCE). Natixis has invested 0% in The Children's Place, Inc. (NASDAQ:PLCE). Etrade Capital Ltd Liability Corp has invested 0.01% in The Children's Place, Inc. (NASDAQ:PLCE). Rhumbline Advisers accumulated 41,333 shares or 0.01% of the stock. Parkside Bankshares & Tru holds 0% in The Children's Place, Inc. (NASDAQ:PLCE) or 9 shares. Advisors Asset Mgmt Inc has invested 0.01% in The Children's Place, Inc. (NASDAQ:PLCE). 18,944 are owned by Colony Ltd Liability Corp. Vident Inv Advisory Limited Liability Corp has 25,165 shares. Asset Mgmt One Co Limited invested in 2,170 shares or 0% of the stock.

Since May 31, 2018, it had 0 buys, and 3 sales for $16.65 million activity. Another trade for 14,512 shares valued at $1.86 million was sold by PRUTHI ANURUP. 10,113 shares were sold by COST BRADLEY P, worth $1.30M.

Children’s Place (NASDAQ:PLCE) Stock Upgrade

Children’s Place (NASDAQ:PLCE)‘s stock was upped to a solid Neutral by equity research analysts at Bank of America. PLCE’s past Underperform rating is has been discontinued by the brokerage firm.

The Children's Place, Inc. (NASDAQ:PLCE) Ratings Coverage

Among 5 analysts covering Children’s Place (NASDAQ:PLCE), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Children’s Place has $16700 highest and $150 lowest target. $136’s average target is 5.15% above currents $129.34 stock price. Children’s Place had 5 analyst reports since May 13, 2018 according to SRatingsIntel. Citigroup maintained The Children's Place, Inc. (NASDAQ:PLCE) rating on Friday, August 24. Citigroup has “Buy” rating and $154 target. The rating was upgraded by Oppenheimer to “Buy” on Sunday, May 13. As per Friday, August 24, the company rating was upgraded by Monness Crespi & Hardt. FBR Capital maintained the stock with “Buy” rating in Friday, May 18 report.

The stock decreased 0.19% or $0.25 during the last trading session, reaching $129.34. About 242,837 shares traded. The Children's Place, Inc. (NASDAQ:PLCE) has risen 16.88% since October 2, 2017 and is uptrending. It has outperformed by 1.26% the S&P500.

Analysts await The Children's Place, Inc. (NASDAQ:PLCE) to report earnings on November, 21. They expect $2.95 earnings per share, up 14.34 % or $0.37 from last year’s $2.58 per share. PLCE’s profit will be $48.38M for 10.96 P/E if the $2.95 EPS becomes a reality. After $0.70 actual earnings per share reported by The Children's Place, Inc. for the previous quarter, Wall Street now forecasts 321.43 % EPS growth.

The ChildrenÂ’s Place, Inc. operates as a children's specialty apparel retailer. The company has market cap of $2.12 billion. The firm operates through two divisions, The ChildrenÂ’s Place U.S. and The ChildrenÂ’s Place International. It has a 31.05 P/E ratio. It sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

The Children's Place, Inc. (NASDAQ:PLCE) Institutional Positions Chart

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