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

Covestor Ltd purchased a new position in shares of The Children’s Place, Inc. (NASDAQ:PLCE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,720 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLCE. Dark Forest Capital Management LP grew its stake 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 worth $147,000 after buying an additional 7,272 shares in the last quarter. Point72 DIFC Ltd increased its stake in Children’s Place by 42.3% during 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 in the last quarter. SG Americas Securities LLC grew its stake in shares of Children’s Place by 344.1% in the 1st quarter. SG Americas Securities LLC now owns 26,139 shares of the company’s stock worth $302,000 after acquiring an additional 20,253 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Children’s Place by 105.5% in the 2nd quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock worth $220,000 after acquiring an additional 13,878 shares in the last quarter. Finally, ARS Investment Partners LLC purchased a new position in shares of Children’s Place in the 2nd quarter worth about $247,000.

Analyst Upgrades and Downgrades

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

Children’s Place Trading Up 0.1 %

Shares of PLCE stock opened at $14.04 on Friday. The Children’s Place, Inc. has a twelve month low of $4.77 and a twelve month high of $38.03. 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 stock has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $10.27.

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

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.