Canada Pension Plan Investment Board Acquires 40,200 Shares of The Children’s Place, Inc. (NASDAQ:PLCE)

Canada Pension Plan Investment Board grew its holdings in shares of The Children’s Place, Inc. (NASDAQ:PLCE) by 462.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,900 shares of the company’s stock after purchasing an additional 40,200 shares during the quarter. Canada Pension Plan Investment Board owned about 0.38% of Children’s Place worth $398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLCE. Virtu Financial LLC boosted its position in shares of Children’s Place by 8.5% in the fourth quarter. Virtu Financial LLC now owns 8,793 shares of the company’s stock valued at $204,000 after acquiring an additional 692 shares during the period. SG Americas Securities LLC boosted its position in shares of Children’s Place by 344.1% in the first quarter. SG Americas Securities LLC now owns 26,139 shares of the company’s stock valued at $302,000 after acquiring an additional 20,253 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Children’s Place by 1,397.6% in the fourth quarter. BNP Paribas Financial Markets now owns 26,672 shares of the company’s stock valued at $619,000 after acquiring an additional 24,891 shares during the period. XTX Topco Ltd boosted its position in shares of Children’s Place by 105.5% in the second quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock valued at $220,000 after acquiring an additional 13,878 shares during the period. Finally, ARS Investment Partners LLC bought a new position in shares of Children’s Place in the second quarter valued at approximately $247,000.

Analyst Ratings Changes

A number of research firms have recently commented on PLCE. UBS Group raised their price objective on shares of Children’s Place from $12.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. StockNews.com lowered shares of Children’s Place from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.00.

Children’s Place Price Performance

Shares of PLCE opened at $17.02 on Friday. The firm’s 50 day simple moving average is $8.82 and its 200 day simple moving average is $9.47. The company has a market capitalization of $216.49 million, a P/E ratio of -1.31 and a beta of 2.15. The Children’s Place, Inc. has a 1-year low of $4.77 and a 1-year high of $38.03.

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

About Children’s Place

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.