Telsey Advisory Group Lowers Children's Place (NASDAQ:PLCE) Price Target to $9.00

Children's Place (NASDAQ:PLCE - Get Free Report) had its price objective decreased by analysts at Telsey Advisory Group from $13.00 to $9.00 in a report released on Tuesday, MarketBeat reports. The brokerage presently has a "market perform" rating on the stock. Telsey Advisory Group's target price suggests a potential downside of 3.74% from the stock's current price.

PLCE has been the topic of a number of other reports. Monness Crespi & Hardt cut shares of Children's Place from a "buy" rating to a "neutral" rating in a report on Friday, February 9th. StockNews.com cut shares of Children's Place from a "hold" rating to a "sell" rating in a report on Tuesday, February 20th. Finally, B. Riley raised shares of Children's Place from a "sell" rating to a "neutral" rating and lowered their price target for the company from $12.00 to $7.00 in a report on Wednesday, April 24th.

Children's Place Stock Up 16.4 %

Shares of Children's Place stock traded up $1.32 during trading hours on Tuesday, reaching $9.35. 1,324,909 shares of the company's stock were exchanged, compared to its average volume of 1,337,130. The company has a 50 day moving average of $11.38 and a two-hundred day moving average of $18.80. Children's Place has a fifty-two week low of $6.58 and a fifty-two week high of $38.03. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 0.42. The stock has a market cap of $116.69 million, a P/E ratio of -1.38 and a beta of 2.05.

Insider Transactions at Children's Place

In other Children's Place news, major shareholder Mithaq Capital Spc bought 1,849,397 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $11.02 per share, with a total value of $20,380,354.94. Following the completion of the acquisition, the insider now owns 3,097,268 shares of the company's stock, valued at $34,131,893.36. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.80% of the company's stock.

Institutional Trading of Children's Place

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in Children's Place by 344.1% in the first quarter. SG Americas Securities LLC now owns 26,139 shares of the company's stock valued at $302,000 after buying an additional 20,253 shares in the last quarter. Mithaq Capital SPC raised its stake in shares of Children's Place by 1,932.4% during the first quarter. Mithaq Capital SPC now owns 7,001,387 shares of the company's stock valued at $80,796,000 after acquiring an additional 6,656,894 shares during the last quarter. Partnership Wealth Management LLC raised its stake in shares of Children's Place by 80.3% during the first quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company's stock valued at $1,496,000 after acquiring an additional 57,740 shares during the last quarter. Virtu Financial LLC raised its stake in shares of Children's Place by 8.5% during the fourth quarter. Virtu Financial LLC now owns 8,793 shares of the company's stock valued at $204,000 after acquiring an additional 692 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Children's Place by 2,016.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,550 shares of the company's stock valued at $106,000 after acquiring an additional 4,335 shares during the last quarter.

Children's Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.