Two Sigma Investments LP bought a new position in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 105,476 shares of the company's stock, valued at approximately $1,103,000. Two Sigma Investments LP owned 0.83% of Children's Place as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the company. Quinn Opportunity Partners LLC boosted its stake in 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 acquiring an additional 277,185 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Children's Place during the fourth quarter valued at approximately $1,887,000. Alpine Global Management LLC bought a new stake in shares of Children's Place in the 4th quarter worth approximately $1,789,000. D. E. Shaw & Co. Inc. grew its stake in shares of Children's Place by 967.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 162,549 shares of the company's stock worth $1,700,000 after buying an additional 147,321 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 Trading Down 32.2%
PLCE stock traded down $2.21 during midday trading on Monday, hitting $4.65. The company's stock had a trading volume of 5,913,810 shares, compared to its average volume of 999,613. The company has a market cap of $59.45 million, a PE ratio of -0.33 and a beta of 1.81. The firm's 50-day moving average is $6.07 and its 200-day moving average is $8.83. The Children's Place, Inc. has a 12 month low of $4.63 and a 12 month high of $19.74.
Children's Place (NASDAQ:PLCE - Get Free Report) last released its quarterly earnings data on Friday, June 6th. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($0.08) by ($1.44). 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 $242.13 million for the quarter, compared to analysts' expectations of $313.85 million.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Wall Street Zen raised Children's Place from a "sell" rating to a "hold" rating in a report on Friday. UBS Group decreased their target price 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.
Check Out Our Latest Research Report on Children's Place
About Children's Place
(
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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