Invesco Ltd. Sells 309,752 Shares of The Children's Place, Inc. (NASDAQ:PLCE)

Invesco Ltd. decreased its holdings in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 83.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,829 shares of the company's stock after selling 309,752 shares during the period. Invesco Ltd. owned about 0.49% of Children's Place worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PLCE. FNY Investment Advisers LLC bought a new position in shares of Children's Place during the 4th quarter valued at approximately $31,000. ARS Investment Partners LLC bought a new stake in Children's Place during the fourth quarter valued at about $105,000. Finally, Geode Capital Management LLC lifted its position in shares of Children's Place by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 144,330 shares of the company's stock valued at $1,510,000 after acquiring an additional 5,989 shares in the last quarter.

Children's Place Trading Up 10.3 %

Shares of NASDAQ:PLCE traded up $0.56 during midday trading on Thursday, reaching $5.98. 240,833 shares of the company were exchanged, compared to its average volume of 412,062. The stock has a market cap of $76.45 million, a PE ratio of -0.42 and a beta of 1.87. The business's fifty day moving average is $6.98 and its two-hundred day moving average is $10.05. The Children's Place, Inc. has a one year low of $4.77 and a one year high of $19.74.

Children's Place (NASDAQ:PLCE - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The company reported ($0.75) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.95). The company had revenue of $380.91 million for the quarter, compared to the consensus estimate of $374.32 million. Children's Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same period last year, the company earned ($7.38) EPS.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on Children's Place from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th.

Children's Place Profile

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.