November 23, 2016 - By Marguerite Chambers
Mr. Norman Matthews, the present director at Childrens Place Inc has not a long ago been connected with an open market transaction of 40,995 shares of the Pinksheet-listed company, valued at $100.0 per share. The trade value was of $4,099,500 U.S. Dollars. The chance of this deal staying unseen is quite small because it’s huge one, with Norman Matthews now having ownership of 49,706 shares — that is 0.27% of the Company’s total market cap.
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. $107 is the highest target while $60 is the lowest. The $87.11 average target is -17.24% below today’s ($105.25) stock price. Children’s Place has been the topic of 26 analyst reports since August 18, 2015 according to StockzIntelligence Inc. On Friday, January 15 the stock rating was maintained by Oppenheimer with “Outperform”. On Thursday, March 17 the stock rating was upgraded by Piper Jaffray to “Overweight”. The rating was maintained by FIG Partners on Thursday, August 27 with “In-Line”. The firm has “Positive” rating by Susquehanna given on Wednesday, August 26. As per Wednesday, May 18, the company rating was upgraded by Goldman Sachs. Bank of America downgraded the shares of PLCE in a report on Tuesday, October 27 to “Underperform” rating. The rating was downgraded by Oppenheimer on Wednesday, May 4 to “Perform”. Telsey Advisory Group maintained Childrens Place Inc (NASDAQ:PLCE) rating on Wednesday, December 9. Telsey Advisory Group has “Market Perform” rating and $61 price target. Wolfe Research maintained Childrens Place Inc (NASDAQ:PLCE) on Friday, November 18 with “Outperform” rating. The firm has “Buy” rating by Bank of America given on Monday, November 14.
Insitutional Activity: The institutional sentiment increased to 0.94 in Q2 2016. Its up 0.12, from 0.82 in 2016Q1. The ratio is positive, 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.
Great West Life Assurance Can has invested 0% of its portfolio in Childrens Place Inc (NASDAQ:PLCE). First Citizens State Bank Tru Company holds 0.05% of its portfolio in Childrens Place Inc (NASDAQ:PLCE) for 7,321 shares. The Massachusetts-based Rhumbline Advisers has invested 0.01% in Childrens Place Inc (NASDAQ:PLCE). Smith Asset Management Gp L P holds 0.1% or 41,599 shares in its portfolio. The Maine-based Schroder Invest Mngmt Grp Incorporated has invested 0% in Childrens Place Inc (NASDAQ:PLCE). Convergence Inv Partners last reported 0.35% of its portfolio in the stock. Lsv Asset Management holds 0.06% or 370,262 shares in its portfolio. The New York-based Gotham Asset Mngmt Limited Liability Company has invested 0.06% in Childrens Place Inc (NASDAQ:PLCE). Oberweis Asset Mgmt holds 0.19% or 8,000 shares in its portfolio. Proshare Advsrs Ltd Liability has 2,715 shares for 0% of their US portfolio. Dynamic Cap Management Ltd accumulated 0.04% or 4,736 shares. Lba Wealth Mgmt Ltd Llc has invested 0.02% of its portfolio in Childrens Place Inc (NASDAQ:PLCE). Americafirst Limited Company accumulated 7,267 shares or 0% of the stock. Robeco Institutional Asset Mgmt Bv, a Netherlands-based fund reported 265,736 shares. Shell Asset Mngmt has invested 0.06% of its portfolio in Childrens Place Inc (NASDAQ:PLCE).
Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 2 sales for $1.37 million net activity. SCARPA MICHAEL sold $1.32 million worth of Childrens Place Inc (NASDAQ:PLCE) on Monday, August 22. PRUTHI ANURUP sold $50,490 worth of stock.
About 453,208 shares traded hands. Childrens Place Inc (NASDAQ:PLCE) has risen 27.18% since April 21, 2016 and is uptrending. It has outperformed by 21.85% the S&P500.
The Children’s Place, Inc. is a pure-play children’s specialty apparel retailer in North America. The company has a market cap of $1.99 billion. The Firm sells apparel, accessories, footwear and other items for children. It has a 23.64 P/E ratio. The Firm operates through two divisions: The Children’s Place U.S. and The Children’s Place International.
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.”
Analysts await Childrens Place Inc (NASDAQ:PLCE) to report earnings on March, 21. They expect $1.49 EPS, up 25.21% or $0.30 from last year’s $1.19 per share. PLCE’s profit will be $28.17 million for 17.66 P/E if the $1.49 EPS becomes a reality. After $2.29 actual EPS reported by Childrens Place Inc for the previous quarter, Wall Street now forecasts -34.93% negative EPS growth.
More news for Childrens Place Inc (NASDAQ:PLCE) were recently published by: Nasdaq.com, which released: “The Zacks Analyst Blog Highlights: Best Buy, Children’s Place, DSW, Target and ..” on November 23, 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.
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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