Wolfe Research May Have Just Lost Faith in The Children’s Place (NASDAQ:PLCE)


The Children’s Place (NASDAQ:PLCE) Receives a Downgrade

Wolfe Research downgraded the rating for shares of The Children’s Place (NASDAQ:PLCE) to aPeer Perform from a Outperform. This rating change was sent to clients and investors in recent note earlier today.

From a total of 14 analysts covering Children’s Place (NASDAQ:PLCE) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $76 while the lowest target price is $46. The mean of all analyst targets is $63.36 with a 30.56% above today’s ($50.36) stock price. Children’s Place was the topic of 7 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. Mizuho maintained shares on December 4 with “Buy” rating. Wolfe Research initiated shares with “Outperform” rating and $67 target share price in a report from an August 18. FIG Partners maintained PLCE stock in a recent report from August 27 with “In-Line” rating. Finally, Zacks upgraded the stock to “Hold” rating in a report issued on an August 14.

Approximately 489,799 shares of stock traded hands. Childrens Place Inc (NASDAQ:PLCE) has declined 19.17% since May 4, 2015 and is downtrending. It has underperformed by 18.09% the S&P500.

The overall sentiment of institutions has increased to 1.17 in Q2 2015. Its up 0.21, from 0.96 in 2015Q2. The ratio is positive, as 27 institutions have sold all the shares of Childrens Place Inc that they owned while 55 funds have taken shares off the table. 19 funds have purchased shares for the first time while 77 added to their positions. These institutions now hold 31.14 million shares or 46.17% more than the 21.30 million shares they owned in 2015Q2.

The Fund Springowl Associates Llc currently is holding shares equating to 4.33% of its total portfolio in Childrens Place Inc representing a total of 21,150 shares. Another fund,Metropolitan Capital Advisors Inc, is holding a total of 42,835 shares equating to 2.27% of their holdings. Additionally, Skyline Asset Management Lp has a 393,400 share stake in Childrens Place Inc which represents 1.71% of their total portfolio. The Fund, Smith Graham & Co. Investment Advisors Lp, based out of Texas, has also built up a stake in the stock, which represents a total of 0.89% of their total portfolio. Finally Segall Bryant & Hamill Llc, a fund which is based in the state of Illinois reported a total holdings of 542,330 shares.

Insider activity is a very important aspect to track on any stock. Going back to April 23, 2015, shareholders of Childrens Place Inc have witnessed 0 buys, and a total of 3 selling transactions equating to a net activity of approximately $12.58 million . Poole Gregory I sold 1,362 shares worth approximately $73,521. Cost Bradley P sold 20,000 shares worth approximately $1.19 million. Elfers Jane T sold 175,434 shares worth approximately $11.32 million. Mcclure Lawrence D sold 11,764 shares worth approximately $775,953. The company insider Low Kevin sold 9,787 shares worth $642,614.

The Children’s Place, Inc. is a pure-play children’s specialty apparel retailer in North America. The company has a market cap of $1.03 billion. The Firm sells apparel, accessories, footwear and other items for children in sizes 0 to 14. It has 19.71 P/E ratio. The Firm operates through two divisions: The Children’s Place U.S. and The Children’s Place International.

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.” Get a free copy of the Zacks research report on Childrens Place Inc (PLCE).