Quest Partners LLC Raises Stake in The Children’s Place, Inc. (NASDAQ:PLCE)

Quest Partners LLC boosted its holdings in shares of The Children’s Place, Inc. (NASDAQ:PLCE) by 4,217.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,675 shares of the company’s stock after buying an additional 51,455 shares during the quarter. Quest Partners LLC owned 0.41% of Children’s Place worth $815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PLCE. Covestor Ltd acquired a new position in Children’s Place during the third quarter valued at $27,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Children’s Place in the 2nd quarter valued at $464,000. Shellback Capital LP purchased a new stake in Children’s Place during the second quarter worth $423,000. Dark Forest Capital Management LP grew its position in Children’s Place by 67.7% during the second quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock valued at $147,000 after buying an additional 7,272 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Children’s Place by 144.7% in the second quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock valued at $334,000 after buying an additional 24,282 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com cut Children’s Place from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. UBS Group cut their price target on shares of Children’s Place from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Children’s Place has a consensus rating of “Hold” and an average target price of $11.00.

Children’s Place Stock Performance

Shares of PLCE opened at $16.30 on Friday. The stock has a 50 day moving average price of $14.15 and a 200 day moving average price of $10.49. The Children’s Place, Inc. has a one year low of $4.77 and a one year high of $38.03. The stock has a market capitalization of $207.34 million, a price-to-earnings ratio of -1.28 and a beta of 2.24.

Children’s Place (NASDAQ:PLCE) last released its earnings results on Wednesday, September 11th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.10) by $1.40. The business had revenue of $319.66 million during the quarter. Children’s Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%.

Children’s Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.