Quarry LP acquired a new position in The Children's Place, Inc. (NASDAQ:PLCE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 149,290 shares of the company's stock, valued at approximately $1,562,000. Quarry LP owned about 1.17% of Children's Place as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the stock. Covestor Ltd grew its holdings in Children's Place by 156.3% during the fourth quarter. Covestor Ltd now owns 4,408 shares of the company's stock worth $46,000 after buying an additional 2,688 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Children's Place during the fourth quarter valued at about $31,000. Tower Research Capital LLC TRC purchased a new position in Children's Place during the fourth quarter worth about $44,000. Geode Capital Management LLC grew its position in Children's Place by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 144,330 shares of the company's stock worth $1,510,000 after purchasing an additional 5,989 shares in the last quarter. Finally, ARS Investment Partners LLC purchased a new stake in Children's Place in the 4th quarter valued at about $105,000.
Analyst Ratings Changes
Separately, UBS Group cut their target price on Children's Place from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th.
View Our Latest Stock Analysis on PLCE
Children's Place Price Performance
NASDAQ PLCE opened at $5.37 on Friday. The stock has a market capitalization of $68.66 million, a price-to-earnings ratio of -0.38 and a beta of 2.03. The business's fifty day moving average is $7.56 and its 200-day moving average is $10.44. The Children's Place, Inc. has a one year low of $4.77 and a one year high of $19.74.
Children's Place (NASDAQ:PLCE - Get Free Report) last released its earnings results on Friday, April 11th. The company reported ($0.75) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.95). Children's Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. The company had revenue of $380.91 million during the quarter, compared to analysts' expectations of $374.32 million. During the same quarter in the previous year, the firm earned ($7.38) earnings per share.
Children's Place Profile
(
Free Report)
The Children's Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children's Place, Baby Place, and Gymboree. It operates through The Children's Place U.S.
Further Reading
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