UBS Group Cuts Children’s Place (NASDAQ:PLCE) Price Target to $9.00

Children’s Place (NASDAQ:PLCE) had its price objective lowered by UBS Group from $11.00 to $9.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Children’s Place Trading Up 1.5 %

PLCE opened at $8.01 on Tuesday. Children’s Place has a twelve month low of $4.77 and a twelve month high of $19.74. The firm has a market capitalization of $102.41 million, a PE ratio of -0.56 and a beta of 2.47. The firm’s 50-day moving average price is $9.87 and its 200 day moving average price is $11.38.

Children’s Place (NASDAQ:PLCE) last issued its earnings results on Tuesday, December 3rd. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate 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 last year, the firm earned $3.22 EPS.

Institutional Trading of Children’s Place

Several large investors have recently added to or reduced their stakes in PLCE. Covestor Ltd purchased a new position in shares of Children’s Place during the 3rd quarter worth $27,000. FNY Investment Advisers LLC acquired a new stake in Children’s Place during the fourth quarter worth about $31,000. Quantbot Technologies LP purchased a new position in Children’s Place during the third quarter worth about $33,000. State of Wyoming acquired a new position in Children’s Place in the 4th quarter valued at about $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.

About Children’s Place

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.