Children's Place (NASDAQ:PLCE - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.
Separately, UBS Group boosted their price objective on shares of Children's Place from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $7.00.
View Our Latest Stock Analysis on PLCE
Children's Place Trading Up 3.1%
NASDAQ:PLCE traded up $0.24 during mid-day trading on Tuesday, hitting $7.98. 390,030 shares of the stock traded hands, compared to its average volume of 619,382. The stock has a market capitalization of $176.85 million, a price-to-earnings ratio of -9.26 and a beta of 2.26. Children's Place has a 52 week low of $3.66 and a 52 week high of $17.19. The firm's 50 day moving average is $5.85 and its two-hundred day moving average is $5.64. The company has a quick ratio of 0.17, a current ratio of 0.93 and a debt-to-equity ratio of 75.63.
Children's Place (NASDAQ:PLCE - Get Free Report) last issued its quarterly earnings results on Friday, September 5th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The firm had revenue of $298.01 million for the quarter, compared to the consensus estimate of $289.41 million. Children's Place had a negative net margin of 2.04% and a negative return on equity of 10.32%. During the same quarter in the previous year, the company posted $0.30 earnings per share.
Insider Buying and Selling at Children's Place
In other Children's Place news, CEO Muhammad Umair purchased 7,143 shares of the stock in a transaction dated Wednesday, October 8th. The stock was purchased at an average price of $7.00 per share, with a total value of $50,001.00. Following the transaction, the chief executive officer owned 277,667 shares of the company's stock, valued at approximately $1,943,669. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.62% of the company's stock.
Institutional Investors Weigh In On Children's Place
Several hedge funds have recently modified their holdings of PLCE. Corton Capital Inc. purchased a new stake in shares of Children's Place in the 2nd quarter worth approximately $48,000. Headlands Technologies LLC lifted its position in Children's Place by 192.0% during the first quarter. Headlands Technologies LLC now owns 6,231 shares of the company's stock valued at $54,000 after acquiring an additional 4,097 shares during the last quarter. Bank of America Corp DE lifted its position in Children's Place by 372.8% during the second quarter. Bank of America Corp DE now owns 39,897 shares of the company's stock valued at $177,000 after acquiring an additional 31,458 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in Children's Place during the second quarter valued at approximately $178,000. Finally, Murchinson Ltd. lifted its position in Children's Place by 96.9% during the second quarter. Murchinson Ltd. now owns 59,983 shares of the company's stock valued at $266,000 after acquiring an additional 29,527 shares during the last quarter.
About Children's Place
(
Get 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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