Millennium Management LLC Buys 48,678 Shares of The Children's Place, Inc. (NASDAQ:PLCE)

Millennium Management LLC boosted its stake in The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 409.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,569 shares of the company's stock after buying an additional 48,678 shares during the period. Millennium Management LLC owned 0.47% of Children's Place worth $634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PLCE. D. E. Shaw & Co. Inc. lifted its holdings in shares of Children's Place by 967.4% during the fourth 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 during the last quarter. Corton Capital Inc. purchased a new stake in shares of Children's Place in the 4th quarter worth approximately $191,000. 683 Capital Management LLC purchased a new stake in shares of Children's Place in the 4th quarter worth approximately $459,000. Northern Trust Corp grew its stake 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 worth $472,000 after buying an additional 3,557 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Children's Place in the 4th quarter worth approximately $1,562,000.

Children's Place Price Performance

NASDAQ PLCE traded down $0.09 during mid-day trading on Wednesday, reaching $4.06. The stock had a trading volume of 1,227,315 shares, compared to its average volume of 1,015,452. The Children's Place, Inc. has a 1 year low of $4.02 and a 1 year high of $19.74. The stock has a market cap of $51.91 million, a PE ratio of -0.29 and a beta of 1.81. The company has a fifty day moving average price of $5.84 and a 200 day moving average price of $8.69.

Children's Place (NASDAQ:PLCE - Get Free Report) last announced its quarterly earnings data on Friday, June 6th. The company reported ($1.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($1.44). 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 $242.13 million during the quarter, compared to analysts' expectations of $313.85 million.

Analysts Set New Price Targets

Several research firms recently weighed in on PLCE. Wall Street Zen upgraded Children's Place from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. UBS Group decreased their price objective on shares of Children's Place from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Monday.

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.