Two Sigma Advisers LP purchased a new position in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 40,900 shares of the company's stock, valued at approximately $428,000. Two Sigma Advisers LP owned 0.32% of Children's Place as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quinn Opportunity Partners LLC grew its position in Children's Place by 76.8% during the 4th 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 during the period. Boothbay Fund Management LLC acquired a new stake in Children's Place during the 4th quarter worth about $1,887,000. Alpine Global Management LLC acquired a new stake in Children's Place during the 4th quarter worth about $1,789,000. D. E. Shaw & Co. Inc. grew its position in Children's Place by 967.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 162,549 shares of the company's stock worth $1,700,000 after purchasing an additional 147,321 shares during the period. Finally, Quarry LP acquired a new stake in Children's Place during the 4th quarter worth about $1,562,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. UBS Group dropped their target price 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. Wall Street Zen upgraded Children's Place from a "sell" rating to a "hold" rating in a research report on Friday.
View Our Latest Stock Report on Children's Place
Children's Place Price Performance
PLCE stock traded up $0.27 during trading on Friday, hitting $6.86. The stock had a trading volume of 1,245,785 shares, compared to its average volume of 979,785. The Children's Place, Inc. has a twelve month low of $4.77 and a twelve month high of $19.74. The stock has a market capitalization of $87.71 million, a P/E ratio of -0.48 and a beta of 1.81. The company's 50-day moving average price is $6.07 and its two-hundred day moving average price is $8.83.
Children's Place (NASDAQ:PLCE - Get Free Report) last posted its quarterly earnings data on Friday, June 6th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $313.85 million.
Children's Place Profile
(
Free Report)
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.
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