Piper Jaffray Downgrades Childrens Place Inc to Neutral with Price Target $88.00

Brokerage firm Piper Jaffray Downgrades its rating on Childrens Place Inc(NASDAQ:PLCE). In a research note issued to the investors, the brokerage major Lowers the price-target to $88.00 per share. The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by Piper Jaffray was issued on Sep 21, 2016.

In a different note, On Sep 21, 2016, Piper Jaffray said it Downgrades its rating on Childrens Place Inc. In the research note, the firm Lowers the price-target to $99.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 18, 2016, Citigroup said it Maintains its rating on Childrens Place Inc. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Neutral’ by the firm.

Childrens Place Inc (PLCE) shares turned negative on Thursdays trading session with the shares closing down -0.47 points or -0.59% at a volume of 3,77,284. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $80.77. The peak price level was also seen at $80.77 while the days lowest was $78.74. Finally the shares closed at $79.68. The 52-week high of the shares is $90 while the 52-week low is $46.74. According to the latest information available, the market cap of the company is $1,462 M.

Childrens Place Inc(PLCE) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $371.42M. Analysts had an estimated revenue of $367.51M. Earnings per share were $-0.01. Analysts had estimated an EPS of $-0.23.

Several Insider Transactions has been reported to the SEC. On Aug 24, 2016, Michael Scarpa (Chief Operating Officer) sold 15,463 shares at $85.47 per share price.Also, On May 25, 2016, Joseph A Alutto (director) sold 15,000 shares at $74.28 per share price.On May 10, 2016, Gregory I Poole (Senior VP, Global Sourcing) sold 868 shares at $72.06 per share price, according to the Form-4 filing with the securities and exchange commission.

The Children’s Place Inc. (The Children’s Place) is a pure-play children’s 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 Children’s Place U.S. and The Children’s Place International. The Children’s Place U.S. segment includes its United States and Puerto Rico-based stores and revenue from its United States wholesale partners. The Children’s Place International segment includes its Canadian stores revenue from the Company’s 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 Children’s Place Place and Baby Place. The Children’s 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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Childrens Place Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Childrens Place Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.