171,037 Shares in The Children's Place, Inc. (NASDAQ:PLCE) Acquired by Alpine Global Management LLC

Alpine Global Management LLC purchased a new stake in The Children's Place, Inc. (NASDAQ:PLCE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 171,037 shares of the company's stock, valued at approximately $1,789,000. Alpine Global Management LLC owned about 1.34% of Children's Place at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Covestor Ltd lifted its stake in Children's Place by 156.3% during the fourth quarter. Covestor Ltd now owns 4,408 shares of the company's stock valued at $46,000 after buying an additional 2,688 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Children's Place by 8.6% in the 4th quarter. Northern Trust Corp now owns 45,094 shares of the company's stock valued at $472,000 after purchasing an additional 3,557 shares during the period. State of Wyoming acquired a new position in shares of Children's Place in the 4th quarter valued at about $37,000. Tower Research Capital LLC TRC acquired a new position in shares of Children's Place in the 4th quarter valued at about $44,000. Finally, Geode Capital Management LLC increased its holdings in shares of Children's Place by 4.3% in the 4th 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 period.

Wall Street Analysts Forecast Growth

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

Children's Place Stock Up 2.6%

Shares of PLCE traded up $0.15 during trading hours on Tuesday, reaching $5.85. The company's stock had a trading volume of 315,235 shares, compared to its average volume of 994,480. The firm has a market cap of $74.79 million, a price-to-earnings ratio of -0.41 and a beta of 1.87. The Children's Place, Inc. has a 1-year low of $4.77 and a 1-year high of $19.74. The company has a 50 day moving average of $6.53 and a two-hundred day moving average of $9.38.

Children's Place (NASDAQ:PLCE - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The company reported ($0.75) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $380.91 million during the quarter, compared to analyst estimates of $374.32 million. During the same quarter in the prior year, the company posted ($7.38) EPS.

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.