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Telsey Advisory Thinks Children’s Place’s Stock is Going to Recover

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In a report released today, Dana Telsey from Telsey Advisory maintained a Buy rating on Children’s Place (PLCEResearch Report), with a price target of $70.00. The company’s shares closed last Thursday at $47.74, close to its 52-week low of $42.70.

According to TipRanks.com, Telsey is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.5% and a 34.1% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as aka Brands Holding Corp, Brilliant Earth Group, and Wolverine World Wide.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Children’s Place with a $68.60 average price target, a 60.4% upside from current levels. In a report issued on May 17, B.Riley Financial also maintained a Buy rating on the stock with a $84.00 price target.

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Based on Children’s Place’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $508 million and net profit of $39 million. In comparison, last year the company earned revenue of $473 million and had a net profit of $7.76 million.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLCE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Children’s Place, Inc. engages in the provision of apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Place and Baby Place. The company was founded in 1969 and is headquartered in Secaucus, NJ.

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