D. E. Shaw & Co. Inc. Purchases 147,321 Shares of The Children's Place, Inc. (NASDAQ:PLCE)

D. E. Shaw & Co. Inc. boosted its position in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 967.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,549 shares of the company's stock after acquiring 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 reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLCE. Tower Research Capital LLC TRC bought a new position in shares of Children's Place in the 4th quarter valued at about $44,000. Covestor Ltd lifted its stake in Children's Place by 156.3% in the 4th 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. ARS Investment Partners LLC bought a new position in Children's Place during the fourth quarter worth about $105,000. Dark Forest Capital Management LP acquired a new position in Children's Place during the fourth quarter worth approximately $112,000. Finally, XTX Topco Ltd bought a new stake in Children's Place in the fourth quarter valued at approximately $161,000.

Analysts Set New Price Targets

Separately, UBS Group reduced their target price on Children's Place from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th.

Children's Place Trading Up 2.6%

Shares of NASDAQ:PLCE traded up $0.15 on Tuesday, hitting $5.85. The company had a trading volume of 315,342 shares, compared to its average volume of 994,480. The Children's Place, Inc. has a 1-year low of $4.77 and a 1-year high of $19.74. The stock has a market cap of $74.79 million, a price-to-earnings ratio of -0.41 and a beta of 1.87. The stock has a 50 day moving average price of $6.49 and a 200 day moving average price of $9.35.

Children's Place (NASDAQ:PLCE - Get Free Report) last announced its earnings results on Friday, April 11th. The company reported ($0.75) EPS for the quarter, missing the consensus estimate 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 company had revenue of $380.91 million for the quarter, compared to the consensus estimate of $374.32 million. During the same period in the previous year, the firm posted ($7.38) EPS.

Children's Place 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.