Childrens Place Inc (PLCE) is Downgraded by Piper Jaffray to Neutral, Lowers Price Target to $ 88

Childrens Place Inc (PLCE) was Downgraded by Piper Jaffray to ” Neutral” while Lowering the Price Target of the company shares to $ 88 from a previous price target of $99 . Earlier the firm had a rating of “Overweight ” on the company shares. Piper Jaffray advised their investors in a research report released on Sep 21, 2016.

Many Wall Street Analysts have commented on Childrens Place Inc. Company shares were Reiterated by FBR Capital on Aug 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 100 from a previous price target of $85 .Company shares were Reiterated by Telsey Advisory Group on Aug 18, 2016 to “Market Perform”, Firm has raised the Price Target to $ 93 from a previous price target of $83 .Company shares were Reiterated by Mizuho on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 95 from a previous price target of $85 .

On the company’s financial health, Childrens Place Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $-0.23. The company had revenue of $371.40 million for the quarter, compared to analysts expectations of $368.67 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.33 EPS.

Childrens Place Inc closed down -0.85 points or -1.02% at $82.79 with 2,31,742 shares getting traded on Tuesday. Post opening the session at $83.62, the shares hit an intraday low of $82.24 and an intraday high of $83.62 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 24, 2016, Michael Scarpa (Chief Operating Officer) sold 15,463 shares at $85.47 per share price. According to the SEC, 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).

Childrens Place Inc

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