Boothbay Fund Management LLC Invests $1.89 Million in The Children's Place, Inc. (NASDAQ:PLCE)

Boothbay Fund Management LLC bought a new stake in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 180,441 shares of the company's stock, valued at approximately $1,887,000. Boothbay Fund Management LLC owned about 1.41% of Children's Place at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Children's Place during the 4th quarter valued at $235,000. Dark Forest Capital Management LP purchased a new stake in shares of Children's Place during the 4th quarter valued at $112,000. Alpine Global Management LLC purchased a new stake in shares of Children's Place during the 4th quarter valued at $1,789,000. Tower Research Capital LLC TRC purchased a new stake in shares of Children's Place during the 4th quarter valued at $44,000. Finally, XTX Topco Ltd purchased a new stake in Children's Place in the 4th quarter worth about $161,000.

Children's Place Stock Down 3.9 %

Shares of PLCE traded down $0.20 during mid-day trading on Thursday, hitting $4.88. 664,137 shares of the company's stock traded hands, compared to its average volume of 1,047,641. The business's 50-day moving average price is $7.32 and its 200-day moving average price is $10.29. The Children's Place, Inc. has a 1 year low of $4.77 and a 1 year high of $19.74. The firm has a market capitalization of $62.39 million, a P/E ratio of -0.34 and a beta of 2.03.

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

Wall Street Analyst Weigh In

Separately, UBS Group decreased their price objective on Children's Place from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th.

Children's Place 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.