The Children's Place, Inc. (NASDAQ:PLCE) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its stake in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 967.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 162,549 shares of the company's stock after purchasing an additional 147,321 shares during the quarter. D. E. Shaw & Co. Inc. owned 1.27% of Children's Place worth $1,700,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Boothbay Fund Management LLC bought a new position in Children's Place in the 4th quarter valued at $1,887,000. Alpine Global Management LLC purchased a new stake in Children's Place during the fourth quarter worth $1,789,000. Quinn Opportunity Partners LLC increased its position in shares of Children's Place by 76.8% during the fourth quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company's stock worth $6,674,000 after purchasing an additional 277,185 shares in the last quarter. Quarry LP acquired a new stake in Children's Place in the 4th quarter worth approximately $1,562,000. Finally, Geode Capital Management LLC increased its position 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 acquiring an additional 5,989 shares during the period.

Analysts Set New Price Targets

Separately, UBS Group cut their price target on 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.

Children's Place Trading Up 1.0%

PLCE traded up $0.06 during midday trading on Tuesday, hitting $5.76. 40,963 shares of the company were exchanged, compared to its average volume of 993,402. The company's 50 day simple moving average is $6.53 and its 200 day simple moving average is $9.38. The firm has a market capitalization of $73.58 million, a price-to-earnings ratio of -0.40 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.

Children's Place (NASDAQ:PLCE - Get Free Report) last posted its earnings results 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 net margin of 12.47% and a negative return on equity of 4,732.98%. The business had revenue of $380.91 million for the quarter, compared to analyst estimates of $374.32 million. During the same quarter last year, the business earned ($7.38) earnings per share.

About Children's Place

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.