The Children's Place, Inc. (NASDAQ:PLCE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 45.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,212 shares of the company's stock after selling 107,736 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.02% of Children's Place worth $2,000,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PLCE. Susquehanna Fundamental Investments LLC bought a new position in shares of Children's Place during the 2nd quarter worth $464,000. Quest Partners LLC lifted its stake in Children's Place by 4,217.6% in the third quarter. Quest Partners LLC now owns 52,675 shares of the company's stock worth $815,000 after acquiring an additional 51,455 shares during the period. Shellback Capital LP bought a new position in Children's Place during the 2nd quarter worth about $423,000. Canada Pension Plan Investment Board increased its position in Children's Place by 462.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company's stock valued at $398,000 after purchasing an additional 40,200 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in shares of Children's Place by 144.7% in the 2nd quarter. Squarepoint Ops LLC now owns 41,067 shares of the company's stock valued at $334,000 after purchasing an additional 24,282 shares in the last quarter.

Children's Place Stock Performance

Shares of PLCE traded up $0.34 during trading hours on Tuesday, hitting $11.25. The stock had a trading volume of 799,237 shares, compared to its average volume of 1,393,928. The firm has a 50-day moving average price of $13.55 and a 200 day moving average price of $10.74. The Children's Place, Inc. has a fifty-two week low of $4.77 and a fifty-two week high of $38.03. The firm has a market capitalization of $143.73 million, a price-to-earnings ratio of -0.79 and a beta of 2.28.

Children's Place (NASDAQ:PLCE - Get Free Report) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported $2.04 EPS for the quarter, missing the consensus estimate 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 period last year, the business earned $3.22 earnings per share.

Wall Street Analyst Weigh In

Several analysts have issued reports on PLCE shares. UBS Group dropped their target price on Children's Place from $18.00 to $17.00 and set a "neutral" rating on the stock 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 report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $11.00.

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.