T. Rowe Price Investment Manageme has recently announced that it has increased stake in The Children’s Place Inc. (NASDAQ:PLCE) by 25.33%. After grabbing 0.7 million shares, the institutional investor is now in possession of 0.14 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 5.63% having worth around $20.7 million. Moreover, Neuberger Berman Investment Advis increased its share by 11892.0 to have a control over 0.62 million shares. And SSgA Funds Management, Inc. raised its holdings to 4470.0 shares by acquiring 0.61 million shares or 4.90% of the stake.
The Children’s Place Inc. (PLCE) concluded trading on 05/25/23 at a closing price of $17.34, with 1.69 million shares of worth about $29.29 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -58.22% during that period and on Thursday the price saw a loss of about -7.17%. Currently the company’s common shares owned by public are about 11.94M shares, out of which, 11.60M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the PLCE stock and their offered price forecasts bring an average price target of $31.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $43.00 and could fall to a lowest price of $20.00. The stock’s current price level is 62.3% above of average price target set by the analysts, while a rise to estimated low would result in gain of 13.3% for the stock. However, touching the estimated high of $43.00 would mean a gain of 59.67% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 27 times over the past 12 months. They bought 406,249 shares in 20 of the transactions. In 7 selling transactions, insiders dumped 191,824 shares.
iShares Core S&P Small Cap ETF, Franklin Small Cap Value Fund, and T Rowe Price Small Cap Value Fund are the top 3 mutual funds which are holding stakes in The Children’s Place Inc. iShares Core S&P Small Cap ETF is currently holding 0.89 million shares of worth totaling $26.3 million. The company recently came selling 1428.0 shares which brought its stake up to 7.16% of the company’s outstanding shares. T Rowe Price Small Cap Value Fund, after buying 0.43 million shares, have now control over 3.46% of the stake in the company. It holds 76000.0 shares of worth $12.72 million.
However, the stock later moved at a day high price of 18.51, or with a loss of -7.17%. Stock saw a price change of -29.60% in past 5 days and over the past one month there was a price change of -41.87%. Year-to-date (YTD), PLCE shares are showing a performance of -52.39% which decreased to -57.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.62 but also hit the highest price of $57.00 during that period. The average intraday trading volume for The Children’s Place Inc. shares is 638.70K. The stock is currently trading -33.31% below its 20-day simple moving average (SMA20), while that difference is down -45.89% for SMA50 and it goes to -54.22% lower than SMA200.
T. Rowe Price Investment Manageme acquired 0.7 million shares of The Children’s Place Inc. having value of about $20.7 million. Data submitted at the U.S SEC by T. Rowe Price Investment Manageme revealed that the firm now holds 0.14 million shares in the company valued at close to $2447731.74, or have control over 25.33% stake in the company. The Children’s Place Inc. (NASDAQ: PLCE) currently have 11.94M outstanding shares and institutions hold larger chunk of about 95.00% of that. Holding of mutual funds in the company is about 52.12% while other institutional holders and individual stake holders have control over 61.06% and 35.63% of the stake respectively.
The stock has a current market capitalization of $229.41M and its 3Y-monthly beta is at 1.99. It has posted earnings per share of -$0.56 in the same period. It has Quick Ratio of 0.20 while making debt-to-equity ratio of 2.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PLCE, volatility over the week remained 8.33% while standing at 5.90% over the month.
Analysts are in expectations that The Children’s Place Inc. (PLCE) stock would likely to be making an EPS of -$1.83 in the current quarter, while forecast for next quarter EPS is -$1.56 and it is $5.34 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.95 which is -$1.75 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -100.70% while it is estimated to increase by 136.10% in next year. EPS is likely to grow at an annualized rate of -7.10% for next 5-years, compared to annual growth of -15.00% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the The Children’s Place Inc. (PLCE)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 4 Wall Street analysts, 2 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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