Bank of America – The Kids’s Place (NASDAQ:PLCE) Stock Ranking Upgraded by Bank of America
The Kids’s Place (NASDAQ:PLCE) was upgraded by stock analysts at Bank of America from an “underperform” ranking to a “impartial” ranking in a analysis be aware issued to buyers on Friday, Briefing.com reviews. The brokerage at the moment has a $48.00 goal price on the stock, up from their prior goal price of $30.00. Bank of America‘s price goal would recommend a possible upside of 5.08% from the stock’s earlier shut.
Numerous different equities analysts additionally just lately commented on PLCE. BidaskClub upgraded shares of The Kids’s Place from a “purchase” ranking to a “strong-buy” ranking in a analysis be aware on Tuesday, December eighth. Telsey Advisory Group lowered their goal price on shares of The Kids’s Place from $55.00 to $35.00 and set an “outperform” ranking for the corporate in a analysis be aware on Wednesday, August 26th. B. Riley boosted their price goal on shares of The Kids’s Place from $20.00 to $32.00 and gave the corporate a “impartial” ranking in a analysis report on Wednesday, November 18th. Monness Crespi & Hardt boosted their price goal on shares of The Kids’s Place from $35.00 to $60.00 and gave the corporate a “purchase” ranking in a analysis report on Friday, November 20th. Lastly, ValuEngine reduce shares of The Kids’s Place from a “strong-buy” ranking to a “purchase” ranking in a analysis report on Friday, November 20th. Seven equities analysis analysts have rated the stock with a maintain ranking, 5 have assigned a purchase ranking and one has assigned a powerful purchase ranking to the corporate. The Kids’s Place has a consensus ranking of “Purchase” and a consensus goal price of $39.67.
Shares of PLCE stock opened at $45.68 on Friday. The agency has a fifty day shifting common price of $37.61 and a 200 day shifting common price of $32.75. The corporate has a market cap of $666.33 million, a P/E ratio of -6.85 and a beta of 1.61. The Kids’s Place has a 12 month low of $9.25 and a 12 month excessive of $72.50.
The Kids’s Place (NASDAQ:PLCE) final issued its earnings outcomes on Wednesday, November 18th. The corporate reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.93. The agency had income of $425.57 million through the quarter, in comparison with the consensus estimate of $402.67 million. The Kids’s Place had a damaging internet margin of 5.67% and a optimistic return on fairness of 15.09%. As a gaggle, equities analysts count on that The Kids’s Place will submit -3.05 earnings per share for the present fiscal yr.
A number of institutional buyers and hedge funds have just lately made modifications to their positions within the stock. Arrowstreet Capital Restricted Partnership bought a brand new place in shares of The Kids’s Place within the third quarter valued at $9,468,000. Verition Fund Administration LLC acquired a brand new place in The Kids’s Place through the 2nd quarter worth $240,000. PNC Monetary Providers Group Inc. boosted its holdings in shares of The Kids’s Place by 263.5% within the 2nd quarter. PNC Monetary Providers Group Inc. now owns 1,185 shares of the corporate’s stock valued at $45,00Zero after shopping for a further 859 shares through the interval. UBS Group AG boosted its holdings in shares of The Kids’s Place by 1,494.8% within the 2nd quarter. UBS Group AG now owns 9,170 shares of the corporate’s stock valued at $343,00Zero after shopping for a further 8,595 shares through the interval. Lastly, Virtu Monetary LLC acquired a brand new place in shares of The Kids’s Place within the 2nd quarter valued at about $216,000.
About The Kids’s Place
The Kids’s Place, Inc operates as a youngsters’s specialty attire retailer. The corporate operates by means of two segments, The Kids’s Place U.S. and The Kids’s Place Worldwide. It sells attire, footwear, equipment, and different gadgets for youngsters; and designs, contracts to fabricate, and sells merchandise below the proprietary The Kids’s Place, Place, Child Place, Gymboree model names.
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Bank of America – The Kids’s Place (NASDAQ:PLCE) Stock Ranking Upgraded by Bank of America
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