B.Riley FBR Maintains a Buy Rating on Children’s Place (PLCE)


B.Riley FBR analyst Susan Anderson maintained a Buy rating on Children’s Place (PLCE) on August 20 and set a price target of $126. The company’s shares closed last Monday at $76.10, close to its 52-week low of $70.43.

According to TipRanks.com, Anderson is a 1-star analyst with an average return of -1.2% and a 39.3% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica Inc, Turning Point Brands, and Columbia Sportswear.

Children’s Place has an analyst consensus of Strong Buy, with a price target consensus of $126.50, representing a 76.3% upside. In a report issued on August 15, Deutsche Bank also upgraded the stock to Buy.

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Children’s Place’s market cap is currently $1.21B and has a P/E ratio of 16.94. The company has a Price to Book ratio of 4.31.

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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.

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