Children's Place (NASDAQ:PLCE) CEO Muhammad Umair Acquires 7,143 Shares

Key Points

• Children's Place CEO Muhammad Umair purchased 7,143 shares of the company's stock at $7.00 per share, increasing his ownership by 2.64% to a total of 277,667 shares.
• The company reported a loss of $0.15 earnings per share for the most recent quarter, missing analysts' estimates and representing a decline from last year's earnings of $0.30 per share.
• Wall Street analysts have shown concern, with ratings reflecting a trend of "sell" recommendations, and a consensus target price set at $7.00.

The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report) CEO Muhammad Umair bought 7,143 shares of the business's stock in a transaction on Wednesday, October 8th. The stock was purchased at an average price of $7.00 per share, with a total value of $50,001.00. Following the completion of the transaction, the chief executive officer directly owned 277,667 shares of the company's stock, valued at $1,943,669. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Children's Place Price Performance

PLCE traded up $0.07 during trading on Thursday, reaching $7.21. The stock had a trading volume of 210,751 shares, compared to its average volume of 617,229. The firm has a market capitalization of $159.85 million, a price-to-earnings ratio of -8.38 and a beta of 2.26. The company has a quick ratio of 0.17, a current ratio of 0.93 and a debt-to-equity ratio of 75.63. The Children's Place, Inc. has a 1-year low of $3.66 and a 1-year high of $17.19. The stock has a 50 day moving average of $5.69 and a two-hundred day moving average of $5.72.

Children's Place (NASDAQ:PLCE - Get Free Report) last released its earnings results on Friday, September 5th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.05). Children's Place had a negative return on equity of 10.32% and a negative net margin of 2.04%.The firm had revenue of $298.01 million during the quarter, compared to analyst estimates of $289.41 million. During the same quarter last year, the company earned $0.30 earnings per share.

Institutional Investors Weigh In On Children's Place

A number of large investors have recently bought and sold shares of the business. Headlands Technologies LLC boosted its holdings in Children's Place by 192.0% in the first quarter. Headlands Technologies LLC now owns 6,231 shares of the company's stock worth $54,000 after purchasing an additional 4,097 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Children's Place by 3.8% in the second quarter. Geode Capital Management LLC now owns 154,654 shares of the company's stock worth $685,000 after purchasing an additional 5,630 shares in the last quarter. Corton Capital Inc. bought a new stake in Children's Place in the second quarter worth $48,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Children's Place by 79.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,835 shares of the company's stock worth $296,000 after purchasing an additional 14,965 shares in the last quarter. Finally, Nantahala Capital Management LLC boosted its holdings in Children's Place by 94.5% during the first quarter. Nantahala Capital Management LLC now owns 57,030 shares of the company's stock valued at $498,000 after acquiring an additional 27,716 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Children's Place in a research report on Saturday, September 27th. Wall Street Zen downgraded Children's Place from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, UBS Group boosted their target price on shares of Children's Place from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Children's Place has an average rating of "Reduce" and a consensus target price of $7.00.

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.

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