Covestor Ltd Takes $27,000 Position in The Children’s Place, Inc. (NASDAQ:PLCE)

Covestor Ltd purchased a new position in The Children’s Place, Inc. (NASDAQ:PLCE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,720 shares of the company’s stock, valued at approximately $27,000.

Other institutional investors have also recently made changes to their positions in the company. Point72 DIFC Ltd lifted its stake in shares of Children’s Place by 42.3% in the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock valued at $175,000 after purchasing an additional 6,383 shares during the last quarter. Dark Forest Capital Management LP increased its stake in shares of Children’s Place by 67.7% in the 2nd quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock valued at $147,000 after purchasing an additional 7,272 shares in the last quarter. XTX Topco Ltd increased its stake in Children’s Place by 105.5% during the 2nd quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock worth $220,000 after buying an additional 13,878 shares in the last quarter. SG Americas Securities LLC increased its stake in Children’s Place by 344.1% during the 1st quarter. SG Americas Securities LLC now owns 26,139 shares of the company’s stock worth $302,000 after buying an additional 20,253 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Children’s Place by 144.7% during the 2nd quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock worth $334,000 after purchasing an additional 24,282 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently commented on PLCE. StockNews.com lowered Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. UBS Group lifted their price objective on Children’s Place from $12.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

Children’s Place Stock Performance

Shares of NASDAQ:PLCE opened at $14.04 on Friday. The stock has a market capitalization of $178.56 million, a price-to-earnings ratio of -1.10 and a beta of 2.24. The Children’s Place, Inc. has a 1-year low of $4.77 and a 1-year high of $38.03. The company has a 50 day moving average price of $13.52 and a 200 day moving average price of $10.27.

Children’s Place (NASDAQ:PLCE) last released its quarterly 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.