Notable Price Action: Will Childrens Place Inc Run Out of Steam Soon?

Notable Price Action: Will Childrens Place Inc Run Out of Steam Soon?

The stock of Childrens Place Inc (NASDAQ:PLCE) hit a new 52-week high and has $115.21 target or 9.00% above today’s $105.70 share price. The 9 months bullish chart indicates low risk for the $2.00 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $115.21 price target is reached, the company will be worth $180.00 million 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 213,863 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.

Analysts await Childrens Place Inc (NASDAQ:PLCE) to report earnings on March, 21. They expect $1.49 earnings per share, up 25.21% or $0.30 from last year’s $1.19 per share. PLCE’s profit will be $28.19 million for 17.73 P/E if the $1.49 EPS becomes a reality. After $2.29 actual earnings per share reported by Childrens Place Inc for the previous quarter, Wall Street now forecasts -34.93% negative EPS growth.

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. Children’s Place has been the topic of 26 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Piper Jaffray upgraded Childrens Place Inc (NASDAQ:PLCE) rating on Thursday, March 17. Piper Jaffray has “Overweight” rating and $92 price target. The stock of Childrens Place Inc (NASDAQ:PLCE) earned “Market Perform” rating by Telsey Advisory Group on Thursday, August 18. The stock has “Buy” rating given by Mizuho on Friday, December 4. Bank of America upgraded Childrens Place Inc (NASDAQ:PLCE) on Monday, November 14 to “Buy” rating. The firm has “Buy” rating given on Wednesday, May 18 by Goldman Sachs. As per Wednesday, September 21, the company rating was downgraded by Piper Jaffray. The stock of Childrens Place Inc (NASDAQ:PLCE) earned “Outperform” rating by FBR Capital on Thursday, August 18. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, November 18 report. The firm has “Positive” rating given on Wednesday, August 26 by Susquehanna. Oppenheimer maintained it with “Outperform” rating and $68 target price in Monday, January 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 increased, 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.
Nationwide Fund has 0.02% invested in the company for 50,134 shares. Tudor Invest Et Al last reported 8,600 shares in the company. Sei Invs reported 36,920 shares or 0.02% of all its holdings. The Illinois-based Skyline Asset Limited Partnership has invested 1.99% in Childrens Place Inc (NASDAQ:PLCE). Pnc Financial Services Gru holds 0% of its portfolio in Childrens Place Inc (NASDAQ:PLCE) for 587 shares. First Quadrant Ltd Partnership Ca has 32,825 shares for 0.06% of their US portfolio. State Board Of Administration Of Florida Retirement Sys has invested 0% of its portfolio in Childrens Place Inc (NASDAQ:PLCE). Segall Bryant And Hamill Ltd Liability Corporation owns 71,274 shares or 0.15% of their US portfolio. Federated Invsts Inc Pa last reported 0% of its portfolio in the stock. Hutchin Hill Lp reported 16,800 shares or 0.05% of all its holdings. Kbc Gru Nv reported 16,276 shares or 0.02% of all its holdings. Ubs Asset Management Americas Inc has 0.02% invested in the company for 179,039 shares. Moreover, Barclays Plc has 0% invested in Childrens Place Inc (NASDAQ:PLCE) for 2,156 shares. Shell Asset Mngmt reported 31,313 shares or 0.06% of all its holdings. Moreover, Rhumbline Advisers has 0.01% invested in Childrens Place Inc (NASDAQ:PLCE) for 27,438 shares.

Insider Transactions: Since August 22, 2016, the stock had 0 buys, and 2 selling transactions for $1.37 million net activity. 15,463 shares were sold by SCARPA MICHAEL, worth $1.32 million. Shares for $50,490 were sold by PRUTHI ANURUP.

More news for Childrens Place Inc (NASDAQ:PLCE) were recently published by: Bloomberg.com, which released: “Urban Outfitters, Children’s Place Defy Apparel Field’s Woes” on August 17, 2016. Rttnews.com‘s article titled: “The Children’s Place Inc. Profit Rises 8% In Q3” and published on November 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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