Childrens Place (The) (PLCE) has an average broker rating of 2.25, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 considers that the stock is a Sell.
Childrens Place (The) (PLCE) : 7 Wall Street analysts covering Childrens Place (The) (PLCE) believe that the average level the stock could reach for the short term is $89.86. The maximum price target given is $102 and the minimum target for short term is around $68, hence the standard deviation is calculated at $13.95.
Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Childrens Place (The) (NASDAQ:PLCE). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $80 per share to $92 per share. The rating by the firm was issued on August 18, 2016.
Childrens Place (The) (NASDAQ:PLCE): After opening at $80.45, the stock dipped to an intraday low of $80.45 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $83.53 and the buying power remained strong till the end. The stock closed at $83.46 for the day, a gain of 3.22% for the day session. The total traded volume was 525,468. The stocks close on the previous trading day was $80.86.
The Childrens Place, Inc. (The Childrens Place) is a pure-play childrens specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children in sizes 0 to 14. The Company operates through two segments: The Childrens Place U.S. and The Childrens Place International. The Childrens Place U.S. segment includes its United States and Puerto Rico-based stores and revenue from its United States wholesale partners. The Childrens Place International segment includes its Canadian stores, revenue from the Companys Canada wholesale partner, as well as revenue from international franchisees. The Company designs, contracts to manufacture and licenses to sell merchandise under brand names, such as The Childrens Place, Place and Baby Place. The Childrens Place has various departments and serves the wardrobe needs of girls and boys (sizes 4 to 14), baby girls and boys (sizes 12 months to 5T), and newborn (sizes 0 to 18 months).