FBR Capital Releases a Buy Rating on Children’s Place

By Carrie Williams

In a report released yesterday, Susan Anderson from FBR Capital reiterated a Buy rating on Children’s Place (NASDAQ: PLCE). The company’s shares opened today at $118.80, close to its 52-week high of $121.15.

According to TipRanks.com, Anderson is a 2-star analyst with an average return of 0.0% and a 47.9% success rate. Anderson covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and ClubCorp Holdings.

Children’s Place has an analyst consensus of Moderate Buy.

Based on Children’s Place’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $521 million and quarterly net profit of $34.2 million. In comparison, last year the company earned revenue of $499 million and had a net profit of $17.47 million.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2016, Norman Matthews, a Director at PLCE sold 40,995 shares for a total of $4,099,500.

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, accessories and footwear for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise, the majority of which is under the proprietary The Children’s Place brand name. Its stores offer a friendly and convenient shopping environment. The company operates its business through the following segments: The Children’s Place U.S. and The Children’s Place Canada. The Children’s Place U.S. segment includes the company’s U.S. and Puerto Rico based stores. The Children’s Place Canada segment includes the company’s Canadian based stores. The company was founded in 1969 and is headquartered in Secaucus, NJ.