Wall Street Zen upgraded shares of Children's Place (NASDAQ:PLCE - Free Report) from a sell rating to a hold rating in a research note issued to investors on Friday.
Separately, UBS Group dropped their price target 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.
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Children's Place Stock Down 32.2%
PLCE traded down $2.21 during midday trading on Friday, hitting $4.65. 5,964,181 shares of the company were exchanged, compared to its average volume of 999,899. The firm has a market capitalization of $59.45 million, a P/E ratio of -0.33 and a beta of 1.81. Children's Place has a 1-year low of $4.63 and a 1-year high of $19.74. The firm's 50 day moving average price is $5.97 and its 200-day moving average price is $8.75.
Children's Place (NASDAQ:PLCE - Get Free Report) last announced its earnings results on Friday, June 6th. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($0.08) by ($1.44). The company had revenue of $242.13 million for the quarter, compared to analyst estimates of $313.85 million. Children's Place had a negative return on equity of 4,732.98% and a negative net margin of 12.47%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of PLCE. Mithaq Capital SPC lifted its stake in shares of Children's Place by 95.6% in the 1st quarter. Mithaq Capital SPC now owns 13,696,819 shares of the company's stock valued at $119,710,000 after purchasing an additional 6,695,032 shares during the period. Quinn Opportunity Partners LLC lifted its stake in shares of Children's Place by 76.8% in the 4th quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company's stock valued at $6,674,000 after purchasing an additional 277,185 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Children's Place in the 4th quarter valued at about $1,887,000. Alpine Global Management LLC acquired a new position in shares of Children's Place in the 4th quarter valued at about $1,789,000. Finally, Quarry LP acquired a new position in shares of Children's Place in the 4th quarter valued at about $1,562,000.
About Children's Place
(
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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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