6,127 Shares in The Children’s Place, Inc. (NASDAQ:PLCE) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of The Children’s Place, Inc. (NASDAQ:PLCEFree Report) in the third quarter, Holdings Channel reports. The fund bought 6,127 shares of the company’s stock, valued at approximately $166,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Wyoming lifted its holdings in shares of Children’s Place by 45.7% during the fourth quarter. State of Wyoming now owns 858 shares of the company’s stock worth $31,000 after buying an additional 269 shares in the last quarter. Western Standard LLC bought a new position in shares of Children’s Place in the fourth quarter worth $40,000. Captrust Financial Advisors increased its position in shares of Children’s Place by 25.5% in the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock worth $43,000 after purchasing an additional 226 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Children’s Place by 51.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,171 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares during the period. Finally, Alpha Paradigm Partners LLC bought a new position in shares of Children’s Place in the third quarter worth $49,000. Institutional investors and hedge funds own 94.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on PLCE shares. Telsey Advisory Group restated a “market perform” rating and issued a $31.00 price target on shares of Children’s Place in a research report on Wednesday, November 15th. B. Riley cut Children’s Place from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $19.00 in a research report on Monday, November 20th. Monness Crespi & Hardt cut Children’s Place from a “buy” rating to a “neutral” rating in a research report on Friday. Finally, StockNews.com upgraded Children’s Place from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.00.

Get Our Latest Research Report on Children’s Place

Children’s Place Stock Performance

Children’s Place stock opened at $12.51 on Monday. The Children’s Place, Inc. has a 12-month low of $8.30 and a 12-month high of $47.09. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $22.23 and its two-hundred day moving average price is $24.61. The stock has a market cap of $156.12 million, a PE ratio of -2.02 and a beta of 2.08.

Children’s Place (NASDAQ:PLCEGet Free Report) last released its earnings results on Thursday, November 16th. The company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.49 by ($0.27). Children’s Place had a negative net margin of 4.75% and a negative return on equity of 47.76%. The business had revenue of $480.20 million during the quarter, compared to the consensus estimate of $465.71 million. During the same quarter in the prior year, the firm earned $3.33 EPS. The business’s revenue was down 5.7% on a year-over-year basis. As a group, analysts expect that The Children’s Place, Inc. will post -0.61 earnings per share for the current fiscal year.

Children’s Place Company Profile

(Free Report)

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.

Further Reading

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Institutional Ownership by Quarter for Children's Place (NASDAQ:PLCE)

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