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In a report released today, Susan Anderson from B.Riley FBR reiterated a Hold rating on Children’s Place (PLCE), with a price target of $59.00. The company’s shares closed last Monday at $71.74.
According to TipRanks.com, Anderson is a 1-star analyst with an average return of -0.2% and a 45.3% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Turning Point Brands, G-III Apparel Group, and Lululemon Athletica.
Currently, the analyst consensus on Children’s Place is a Moderate Buy with an average price target of $68.13.
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Based on Children’s Place’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $43.05 million. In comparison, last year the company had a net profit of $12.02 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PLCE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Children’s Place, Inc. engages in the provision of apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Place and Baby Place. The company was founded in 1969 and is headquartered in Secaucus, NJ.
