The Children's Place, Inc. $PLCE Shares Bought by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in The Children's Place, Inc. by 416.8%, acquiring 52,100 additional shares, bringing its total to 64,600 shares valued at $565,000.
• The Children's Place reported a quarterly earnings loss of ($1.52) EPS, falling short of the analysts’ expectations of ($0.08), with revenues also below estimates at $242.13 million.
• UBS Group has downgraded the stock's target price from $7.00 to $6.00 and set a "neutral" rating, while Wall Street Zen has changed its rating from "hold" to "sell."

OMERS ADMINISTRATION Corp raised its holdings in The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 416.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,600 shares of the company's stock after purchasing an additional 52,100 shares during the quarter. OMERS ADMINISTRATION Corp owned 0.51% of Children's Place worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in Children's Place by 409.4% in the 4th quarter. Millennium Management LLC now owns 60,569 shares of the company's stock valued at $634,000 after purchasing an additional 48,678 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Children's Place by 967.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 162,549 shares of the company's stock valued at $1,700,000 after purchasing an additional 147,321 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of Children's Place during the 4th quarter worth approximately $1,789,000. Two Sigma Investments LP purchased a new stake in shares of Children's Place during the 4th quarter worth approximately $1,103,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Children's Place during the 4th quarter worth approximately $428,000.

Children's Place Price Performance

Shares of Children's Place stock traded up $0.12 during trading on Friday, hitting $5.44. 1,430,306 shares of the company were exchanged, compared to its average volume of 492,906. The company has a quick ratio of 0.14, a current ratio of 0.92 and a debt-to-equity ratio of 75.63. The Children's Place, Inc. has a fifty-two week low of $3.66 and a fifty-two week high of $19.74. The stock has a market capitalization of $120.60 million, a price-to-earnings ratio of -1.74 and a beta of 2.02. The firm has a 50 day moving average price of $4.90 and a 200 day moving average price of $5.94.

Children's Place (NASDAQ:PLCE - Get Free Report) last issued its quarterly earnings data on Friday, September 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Children's Place had a negative return on equity of 10.32% and a negative net margin of 3.97%.The company had revenue of $298.01 million for the quarter, compared to analyst estimates of $289.41 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group decreased their price target on Children's Place from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Wall Street Zen lowered Children's Place from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $6.00.

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.