Children's Place (NASDAQ:PLCE) Rating Increased to Neutral at B. Riley

B. Riley upgraded shares of Children's Place (NASDAQ:PLCE - Free Report) from a sell rating to a neutral rating in a report issued on Wednesday, MarketBeat Ratings reports. B. Riley currently has $7.00 target price on the stock, down from their prior target price of $12.00.

PLCE has been the subject of a number of other research reports. StockNews.com downgraded Children's Place from a hold rating to a sell rating in a research report on Tuesday, February 20th. Telsey Advisory Group cut their price objective on Children's Place from $24.00 to $13.00 and set a market perform rating for the company in a research report on Monday, February 12th. Finally, Monness Crespi & Hardt downgraded Children's Place from a buy rating to a neutral rating in a research report on Friday, February 9th.

Children's Place Price Performance

Shares of NASDAQ:PLCE traded up $0.01 on Wednesday, reaching $7.17. 946,783 shares of the company traded hands, compared to its average volume of 1,407,762. Children's Place has a fifty-two week low of $6.80 and a fifty-two week high of $38.03. The company's 50 day moving average is $13.98 and its 200-day moving average is $19.90. The stock has a market capitalization of $89.48 million, a PE ratio of -1.16 and a beta of 1.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.19.

Insider Activity

In other Children's Place news, major shareholder Mithaq Capital Spc bought 1,566,475 shares of Children's Place stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $15.80 per share, for a total transaction of $24,750,305.00. Following the completion of the acquisition, the insider now directly owns 4,663,743 shares of the company's stock, valued at $73,687,139.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.80% of the company's stock.

Institutional Trading of Children's Place

A number of hedge funds have recently modified their holdings of the business. Mithaq Capital SPC purchased a new stake in shares of Children's Place in the fourth quarter valued at $7,999,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Children's Place by 18.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,324 shares of the company's stock worth $7,229,000 after acquiring an additional 48,964 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of Children's Place by 181.3% during the third quarter. Jupiter Asset Management Ltd. now owns 150,601 shares of the company's stock worth $4,071,000 after acquiring an additional 97,064 shares in the last quarter. Partnership Wealth Management LLC raised its holdings in shares of Children's Place by 80.3% during the first quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company's stock worth $1,496,000 after acquiring an additional 57,740 shares in the last quarter. Finally, Towerview LLC raised its holdings in shares of Children's Place by 10.5% during the fourth quarter. Towerview LLC now owns 84,000 shares of the company's stock worth $1,950,000 after acquiring an additional 8,000 shares in the last quarter.

Children's Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.