Price Action Report: Could Childrens Place Inc Go Down After Touching 52-Week High?

Price Action Report: Could Childrens Place Inc Go Down After Touching 52 Week High?

The stock of Childrens Place Inc (NASDAQ:PLCE) hit a new 52-week high and has $132.77 target or 31.00% above today’s $101.35 share price. The 9 months bullish chart indicates low risk for the $2.11B company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $132.77 price target is reached, the company will be worth $654.10M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 185,557 shares traded hands. Childrens Place Inc (NASDAQ:PLCE) has risen 18.18% since April 18, 2016 and is uptrending. It has outperformed by 13.75% the S&P500.

Childrens Place Inc (NASDAQ:PLCE) Ratings Coverage

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 -14.05% below today’s ($101.35) stock price. Children’s Place has been the topic of 26 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, August 18 by Wolfe Research. Telsey Advisory Group maintained it with “Market Perform” rating and $100 target price in Friday, November 18 report. The company was upgraded on Monday, January 11 by Morgan Stanley. The rating was downgraded by Bank of America on Tuesday, October 27 to “Underperform”. Piper Jaffray upgraded Childrens Place Inc (NASDAQ:PLCE) on Thursday, March 17 to “Overweight” rating. The stock has “Peer Perform” rating given by Wolfe Research on Monday, December 7. The company was upgraded on Monday, March 14 by Wolfe Research. The rating was maintained by Mizuho on Thursday, November 17 with “Buy”. Oppenheimer maintained the shares of PLCE in a report on Monday, January 18 with “Outperform” rating. Goldman Sachs upgraded the stock to “Buy” rating in Wednesday, May 18 report.

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.”

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.
Canada Pension Plan Inv Board owns 99,000 shares or 0.03% of their US portfolio. Global X Limited Liability Com has 0% invested in the company for 84 shares. Loomis Sayles And Co L P reported 183 shares or 0% of all its holdings. Northern Tru Corp reported 355,152 shares or 0.01% of all its holdings. Moreover, Nationwide Fund Advisors has 0.02% invested in Childrens Place Inc (NASDAQ:PLCE) for 50,134 shares. Smith Asset Grp Lp owns 41,599 shares or 0.1% of their US portfolio. Cibc Mkts accumulated 3,554 shares or 0% of the stock. The Guernsey-based Bluecrest Cap Management Limited has invested 0.01% in Childrens Place Inc (NASDAQ:PLCE). Pacific Ridge Capital Prns Lc holds 0.37% or 10,330 shares in its portfolio. Schroder Inv Management Group last reported 5,100 shares in the company. Arrowpoint Asset Mgmt Ltd Liability Co holds 0.26% or 161,252 shares in its portfolio. Rhumbline Advisers holds 0.01% or 27,438 shares in its portfolio. The Illinois-based Ubs Asset Mgmt Americas has invested 0.02% in Childrens Place Inc (NASDAQ:PLCE). Caisse De Depot Et Placement Du Quebec last reported 60,700 shares in the company. Jpmorgan Chase And Company reported 942,885 shares or 0.02% of all its holdings.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 4 selling transactions for $2.48 million net activity. The insider MATTHEWS NORMAN S sold $375. Another trade for 15,463 shares valued at $1.32M was made by SCARPA MICHAEL on Monday, August 22. 601 shares with value of $50,490 were sold by PRUTHI ANURUP on Monday, September 19. On Monday, May 23 ALUTTO JOSEPH A sold $1.11 million worth of the stock or 15,000 shares.

More news for Childrens Place Inc (NASDAQ:PLCE) were recently published by: Benzinga.com, which released: “Mid-Afternoon Market Update: Children’s Place Rises On Strong Q3 Results …” on November 17, 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.

PLCE Company Profile

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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