Children's Place (NASDAQ:PLCE - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a report released on Wednesday.
Other equities research analysts have also recently issued reports about the company. B. Riley raised Children's Place from a "sell" rating to a "neutral" rating and reduced their price objective for the company from $12.00 to $7.00 in a research report on Wednesday, April 24th. Monness Crespi & Hardt downgraded shares of Children's Place from a "buy" rating to a "neutral" rating in a report on Friday, February 9th. Finally, Telsey Advisory Group dropped their price objective on shares of Children's Place from $13.00 to $9.00 and set a "market perform" rating on the stock in a report on Tuesday.
Get Our Latest Analysis on PLCE
Children's Place Stock Performance
Shares of NASDAQ PLCE traded up $0.53 during trading hours on Wednesday, hitting $9.88. 1,371,411 shares of the company's stock were exchanged, compared to its average volume of 1,337,521. The stock has a market capitalization of $123.24 million, a price-to-earnings ratio of -1.59 and a beta of 2.05. The company's 50-day moving average price is $10.98 and its 200-day moving average price is $18.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.19. Children's Place has a 1-year low of $6.58 and a 1-year high of $38.03.
Insider Buying and Selling
In other Children's Place news, major shareholder Mithaq Capital Spc acquired 1,849,397 shares of Children's Place stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $11.02 per share, with a total value of $20,380,354.94. Following the acquisition, the insider now owns 3,097,268 shares of the company's stock, valued at $34,131,893.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Children's Place
Several hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in Children's Place by 344.1% in the first quarter. SG Americas Securities LLC now owns 26,139 shares of the company's stock valued at $302,000 after acquiring an additional 20,253 shares during the period. Mithaq Capital SPC grew its holdings in shares of Children's Place by 1,932.4% in the 1st quarter. Mithaq Capital SPC now owns 7,001,387 shares of the company's stock worth $80,796,000 after purchasing an additional 6,656,894 shares during the last quarter. Partnership Wealth Management LLC increased its position in shares of Children's Place by 80.3% during the 1st quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company's stock worth $1,496,000 after purchasing an additional 57,740 shares in the last quarter. Virtu Financial LLC lifted its holdings in Children's Place by 8.5% during the 4th quarter. Virtu Financial LLC now owns 8,793 shares of the company's stock valued at $204,000 after purchasing an additional 692 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Children's Place by 2,016.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,550 shares of the company's stock valued at $106,000 after buying an additional 4,335 shares in the last quarter.
Children's Place Company Profile
(
Get Free Report)
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.
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