The stock of Childrens Place Inc (NASDAQ:PLCE) reached all time high today, Nov, 24 and still has $111.46 target or 6.00% above today’s $105.15 share price. This indicates more upside for the $1.99B company. This technical setup was reported by Barchart.com. If the $111.46 PT is reached, the company will be worth $119.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.77% or $0.8 on November 23, hitting $105.15. About 453,308 shares traded hands. Childrens Place Inc (NASDAQ:PLCE) has risen 29.22% since April 22, 2016 and is uptrending. It has outperformed by 23.82% 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 $28.20 million for 17.64 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. The stock of Childrens Place Inc (NASDAQ:PLCE) has “Hold” rating given on Friday, August 14 by Zacks. On Friday, November 18 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The stock of Childrens Place Inc (NASDAQ:PLCE) has “Buy” rating given on Monday, November 14 by Bank of America. Goldman Sachs upgraded it to “Buy” rating and $73 target price in Wednesday, May 18 report. The firm has “Buy” rating given on Friday, December 4 by Mizuho. The firm has “Outperform” rating given on Thursday, August 18 by FBR Capital. Oppenheimer maintained the stock with “Outperform” rating in Friday, January 15 report. Susquehanna upgraded the shares of PLCE in a report on Wednesday, August 26 to “Positive” rating. The stock of Childrens Place Inc (NASDAQ:PLCE) has “Overweight” rating given on Thursday, March 17 by Piper Jaffray. The rating was upgraded by Wolfe Research on Monday, March 14 to “Outperform”.
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.
Nationwide Fund last reported 50,134 shares in the company. Airain last reported 28,556 shares in the company. Pub Sector Pension Board reported 13,330 shares or 0.01% of all its holdings. Tiaa Cref Invest Mgmt Limited Liability Company last reported 94,018 shares in the company. Moreover, Kbc Group Inc Nv has 0.02% invested in Childrens Place Inc (NASDAQ:PLCE) for 16,276 shares. Capstone Asset, a Texas-based fund reported 7,560 shares. Arizona State Retirement Sys accumulated 0.01% or 9,844 shares. Kanaly Tru Company reported 70 shares or 0% of all its holdings. Blackrock Advsr Ltd has invested 0.01% of its portfolio in Childrens Place Inc (NASDAQ:PLCE). Buckingham Capital Mngmt Inc reported 140,000 shares or 1.36% of all its holdings. Chicago Equity Ptnrs Ltd Liability Corporation owns 13,975 shares or 0.03% of their US portfolio. Schwab Charles Inv Management Incorporated has 138,502 shares for 0.01% of their US portfolio. Menta Cap Limited Company last reported 0.15% of its portfolio in the stock. Advisory Svcs Network Limited Com last reported 0% of its portfolio in the stock. Bancshares Of Mellon holds 484,104 shares or 0.01% of its portfolio.
Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 3 sales for $5.47 million net activity. $50,490 worth of Childrens Place Inc (NASDAQ:PLCE) was sold by PRUTHI ANURUP. $4.10M worth of shares were sold by MATTHEWS NORMAN S on Monday, November 21. 15,463 shares were sold by SCARPA MICHAEL, worth $1.32M on Monday, August 22.
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. 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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