Children’s Place (PLCE) Gets a Hold Rating from B.Riley FBR

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 $36.00. The company’s shares closed last Thursday at $45.19.

According to, Anderson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.3% and a 33.2% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Turning Point Brands, and G-III Apparel Group.

Children’s Place has an analyst consensus of Hold, with a price target consensus of $40.67, implying a -5.6% downside from current levels. In a report issued on June 9, Wedbush also maintained a Hold rating on the stock with a $45.00 price target.

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Based on Children’s Place’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $513 million and net profit of $24.24 million. In comparison, last year the company earned revenue of $531 million and had a net profit of $12.02 million.

Based on the recent corporate insider activity of 54 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.

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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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