The Children's Place, Inc. $PLCE Shares Sold by Quarry LP

Key Points

• Quarry LP significantly reduced its stake in The Children's Place, Inc. by 95.2%, now holding just 7,190 shares worth $63,000 after selling 142,100 shares in the first quarter.
• Analysts have downgraded the stock, with UBS lowering its price target from $7.00 to $6.00 and Wall Street Zen changing its rating from "hold" to "sell."
• Children's Place reported a loss per share of ($1.52), missing consensus estimates by ($1.44), with revenues of $242.13 million, significantly below the expected $313.85 million.

Quarry LP lessened its holdings in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 95.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,190 shares of the company's stock after selling 142,100 shares during the quarter. Quarry LP owned 0.06% of Children's Place worth $63,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PLCE. State of Wyoming purchased a new stake in Children's Place during the fourth quarter worth approximately $37,000. Tower Research Capital LLC TRC purchased a new stake in Children's Place during the 4th quarter worth $44,000. Headlands Technologies LLC increased its holdings in Children's Place by 192.0% in the 1st quarter. Headlands Technologies LLC now owns 6,231 shares of the company's stock valued at $54,000 after purchasing an additional 4,097 shares in the last quarter. Man Group plc purchased a new position in Children's Place in the fourth quarter valued at about $111,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Children's Place during the fourth quarter worth about $131,000.

Children's Place Stock Up 18.2%

Shares of NASDAQ:PLCE traded up $1.18 during trading on Wednesday, hitting $7.65. The company's stock had a trading volume of 1,611,703 shares, compared to its average volume of 749,167. The company has a market capitalization of $169.60 million, a PE ratio of -8.90 and a beta of 2.02. The Children's Place, Inc. has a fifty-two week low of $3.66 and a fifty-two week high of $19.74. The company has a debt-to-equity ratio of 75.63, a quick ratio of 0.14 and a current ratio of 0.93. The stock's 50-day moving average price is $5.04 and its two-hundred day moving average price is $5.89.

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 for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.05). Children's Place had a negative net margin of 2.04% and a negative return on equity of 10.32%. The business had revenue of $298.01 million for the quarter, compared to analyst estimates of $289.41 million. During the same quarter last year, the business earned $0.30 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PLCE shares. UBS Group increased their target price on Children's Place from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Wednesday. Wall Street Zen cut Children's Place from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.