Children's Place (NASDAQ:PLCE - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.
Separately, UBS Group decreased their price objective on shares of Children's Place from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Monday, June 9th.
View Our Latest Report on PLCE
Children's Place Price Performance
Shares of NASDAQ:PLCE traded down $0.24 on Friday, reaching $3.76. 1,154,952 shares of the company were exchanged, compared to its average volume of 1,023,741. The company has a current ratio of 0.92, a quick ratio of 0.14 and a debt-to-equity ratio of 75.63. Children's Place has a 1-year low of $3.76 and a 1-year high of $19.74. The firm has a market cap of $48.05 million, a price-to-earnings ratio of -1.20 and a beta of 1.81. The company has a 50-day moving average of $5.65 and a 200-day moving average of $8.30.
Children's Place (NASDAQ:PLCE - Get Free Report) last posted its quarterly earnings results on Friday, June 6th. The company reported ($1.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($1.44). Children's Place had a negative return on equity of 10.32% and a negative net margin of 3.97%. The company had revenue of $242.13 million for the quarter, compared to analyst estimates of $313.85 million.
Institutional Investors Weigh In On Children's Place
Several institutional investors and hedge funds have recently made changes to their positions in PLCE. Geode Capital Management LLC boosted its position in shares of Children's Place by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 144,330 shares of the company's stock worth $1,510,000 after buying an additional 5,989 shares in the last quarter. Covestor Ltd lifted its holdings in Children's Place by 156.3% in the 4th quarter. Covestor Ltd now owns 4,408 shares of the company's stock valued at $46,000 after purchasing an additional 2,688 shares in the last quarter. Quinn Opportunity Partners LLC lifted its holdings in Children's Place by 76.8% in the 4th quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company's stock valued at $6,674,000 after purchasing an additional 277,185 shares in the last quarter. XTX Topco Ltd purchased a new position in Children's Place in the 4th quarter valued at about $161,000. Finally, Tower Research Capital LLC TRC purchased a new position in Children's Place in the 4th quarter valued at about $44,000.
Children's Place Company Profile
(
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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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