Traders Buy Large Volume of Call Options on Children’s Place (NASDAQ:PLCE)

The Children’s Place, Inc. (NASDAQ:PLCE) saw some unusual options trading activity on Thursday. Stock traders purchased 5,549 call options on the company. This represents an increase of 140% compared to the typical daily volume of 2,315 call options.

Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their target price on shares of Children’s Place from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th.

Children’s Place Stock Performance

Children’s Place stock opened at $5.70 on Friday. The company has a market cap of $72.87 million, a price-to-earnings ratio of -0.40 and a beta of 1.87. Children’s Place has a 1 year low of $4.77 and a 1 year high of $19.74. The firm has a 50 day moving average price of $6.91 and a 200 day moving average price of $9.98.

Children’s Place (NASDAQ:PLCE) last issued its earnings results on Friday, April 11th. The company reported ($0.75) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.95). The firm had revenue of $380.91 million during the quarter, compared to analyst estimates of $374.32 million. Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same quarter in the previous year, the business posted ($7.38) EPS.

Institutional Investors Weigh In On Children’s Place

Several hedge funds have recently modified their holdings of the stock. Boothbay Fund Management LLC purchased a new position in shares of Children’s Place in the fourth quarter valued at $1,887,000. Alpine Global Management LLC acquired a new stake in shares of Children’s Place during the fourth quarter valued at about $1,789,000. Quinn Opportunity Partners LLC increased its position in shares of Children’s Place by 76.8% during the fourth quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company’s stock worth $6,674,000 after acquiring an additional 277,185 shares during the last quarter. Quarry LP acquired a new position in shares of Children’s Place in the fourth quarter worth about $1,562,000. Finally, Geode Capital Management LLC boosted its holdings in Children’s Place by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 144,330 shares of the company’s stock valued at $1,510,000 after purchasing an additional 5,989 shares during the last quarter.

Children’s Place Company Profile

The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S.