Invesco Ltd. reduced its stake in The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 83.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,829 shares of the company's stock after selling 309,752 shares during the period. Invesco Ltd. owned 0.49% of Children's Place worth $657,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. FNY Investment Advisers LLC bought a new position in shares of Children's Place in the 4th quarter worth about $31,000. ARS Investment Partners LLC purchased a new stake in Children's Place in the fourth quarter worth about $105,000. Finally, Geode Capital Management LLC increased its stake in shares of Children's Place by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 144,330 shares of the company's stock valued at $1,510,000 after purchasing an additional 5,989 shares in the last quarter.
Children's Place Stock Performance
Shares of PLCE traded up $0.31 during trading hours on Tuesday, hitting $5.77. The company had a trading volume of 663,894 shares, compared to its average volume of 1,046,585. The stock has a market capitalization of $73.77 million, a price-to-earnings ratio of -0.41 and a beta of 1.87. The firm has a fifty day moving average price of $7.09 and a 200-day moving average price of $10.11. The Children's Place, Inc. has a 52-week low of $4.77 and a 52-week high of $19.74.
Children's Place (NASDAQ:PLCE - Get Free Report) last issued its earnings results on Friday, April 11th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.95). 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 $380.91 million during the quarter, compared to analysts' expectations of $374.32 million. During the same period last year, the firm posted ($7.38) earnings per share.
Analyst Upgrades and Downgrades
Separately, UBS Group dropped their price target 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.
Check Out Our Latest Analysis on PLCE
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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