Children's Place (NASDAQ:PLCE - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.
Separately, UBS Group cut their target price on Children's Place from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th.
Check Out Our Latest Report on Children's Place
Children's Place Stock Performance
PLCE stock traded up $0.27 during midday trading on Friday, reaching $6.86. The company's stock had a trading volume of 1,245,785 shares, compared to its average volume of 978,535. The firm has a market capitalization of $87.71 million, a price-to-earnings ratio of -0.48 and a beta of 1.81. Children's Place has a 1 year low of $4.77 and a 1 year high of $19.74. The stock has a fifty day simple moving average of $6.07 and a two-hundred day simple moving average of $8.92.
Children's Place (NASDAQ:PLCE - Get Free Report) last announced its quarterly earnings results on Friday, June 6th. The company reported ($1.52) EPS for the quarter. Children's Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%.
Hedge Funds Weigh In On Children's Place
Several institutional investors and hedge funds have recently added to or reduced their stakes in PLCE. Geode Capital Management LLC grew its stake 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. Covestor Ltd grew its stake in Children's Place by 156.3% in the fourth quarter. Covestor Ltd now owns 4,408 shares of the company's stock valued at $46,000 after purchasing an additional 2,688 shares during the last quarter. Quinn Opportunity Partners LLC grew its stake in Children's Place by 76.8% in the fourth 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 last quarter. XTX Topco Ltd purchased a new position in Children's Place in the fourth quarter valued at about $161,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Children's Place during the fourth quarter worth about $44,000.
Children's Place Company Profile
(
Get Free Report)
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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