Children's Place (NASDAQ:PLCE) Downgraded to Sell Rating by Wall Street Zen

Children's Place (NASDAQ:PLCE - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Separately, UBS Group dropped their price target on shares of Children's Place from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Monday, June 9th.

Children's Place Price Performance

PLCE traded down $0.15 on Friday, reaching $3.98. 994,168 shares of the company's stock were exchanged, compared to its average volume of 1,023,578. The stock has a market cap of $50.88 million, a PE ratio of -0.28 and a beta of 1.81. Children's Place has a twelve month low of $3.95 and a twelve month high of $19.74. The stock's fifty day moving average price is $5.76 and its 200-day moving average price is $8.47.

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 the consensus estimate of ($0.08) by ($1.44). Children's Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. The firm had revenue of $242.13 million during the quarter, compared to analysts' expectations of $313.85 million.

Institutional Trading of Children's Place

Several hedge funds have recently made changes to their positions in the company. Mithaq Capital SPC boosted its position in shares of Children's Place by 95.6% during the 1st quarter. Mithaq Capital SPC now owns 13,696,819 shares of the company's stock worth $119,710,000 after purchasing an additional 6,695,032 shares during the period. Quinn Opportunity Partners LLC boosted its position in shares of Children's Place by 76.8% during the 4th quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company's stock worth $6,674,000 after purchasing an additional 277,185 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Children's Place during the 4th quarter worth approximately $1,887,000. Alpine Global Management LLC purchased a new position in shares of Children's Place during the 4th quarter worth approximately $1,789,000. Finally, Quarry LP purchased a new position in shares of Children's Place during the 4th quarter worth approximately $1,562,000.

Children's Place Company 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.