Charles Schwab Investment Management Inc. Cuts Stock Holdings in The Children’s Place, Inc. (NASDAQ:PLCE)

Charles Schwab Investment Management Inc. lowered its position in The Children’s Place, Inc. (NASDAQ:PLCE) by 45.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 129,212 shares of the company’s stock after selling 107,736 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Children’s Place were worth $2,000,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Covestor Ltd bought a new position in Children’s Place in the 3rd quarter valued at $27,000. Dark Forest Capital Management LP boosted its holdings 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 worth $147,000 after buying an additional 7,272 shares during the last quarter. Point72 DIFC Ltd grew its position in Children’s Place by 42.3% during the second quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock valued at $175,000 after buying an additional 6,383 shares during the period. XTX Topco Ltd increased its holdings in Children’s Place by 105.5% during the second quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock worth $220,000 after buying an additional 13,878 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in Children’s Place by 144.7% in the second quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock worth $334,000 after acquiring an additional 24,282 shares during the period.

Children’s Place Stock Up 0.7 %

NASDAQ PLCE opened at $10.91 on Tuesday. The company has a market cap of $139.43 million, a PE ratio of -0.77 and a beta of 2.28. The Children’s Place, Inc. has a 52 week low of $4.77 and a 52 week high of $38.03. The firm’s 50-day simple moving average is $13.59 and its two-hundred day simple moving average is $10.74.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.59). Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same quarter in the previous year, the firm earned $3.22 EPS.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Children’s Place from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. StockNews.com downgraded Children’s Place from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.00.

Children’s Place 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.