Quest Partners LLC Purchases 51,455 Shares of The Children's Place, Inc. (NASDAQ:PLCE)

Quest Partners LLC grew its position in shares of The Children's Place, Inc. (NASDAQ:PLCE - Free Report) by 4,217.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,675 shares of the company's stock after buying an additional 51,455 shares during the period. Quest Partners LLC owned about 0.41% of Children's Place worth $815,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new stake in Children's Place in the 2nd quarter valued at approximately $464,000. Shellback Capital LP acquired a new position in shares of Children's Place during the 2nd quarter valued at $423,000. Canada Pension Plan Investment Board increased its position in shares of 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. Squarepoint Ops LLC increased its position 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 valued at $334,000 after purchasing an additional 24,282 shares during the period. Finally, ARS Investment Partners LLC acquired a new position in shares of Children's Place during the 2nd quarter valued at $247,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PLCE shares. UBS Group reduced their price objective on Children's Place from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday. StockNews.com cut Children's Place from a "hold" rating to a "sell" rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Children's Place currently has an average rating of "Hold" and a consensus price target of $11.00.

Children's Place Price Performance

Shares of PLCE traded down $0.20 on Friday, hitting $16.10. The company's stock had a trading volume of 217,384 shares, compared to its average volume of 1,454,094. The company has a market capitalization of $204.79 million, a PE ratio of -1.27 and a beta of 2.24. The Children's Place, Inc. has a fifty-two week low of $4.77 and a fifty-two week high of $38.03. The company has a 50 day moving average price of $14.18 and a 200 day moving average price of $10.55.

Children's Place (NASDAQ:PLCE - Get Free Report) last posted its quarterly earnings data on Wednesday, September 11th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of ($1.10) by $1.40. Children's Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%. The firm had revenue of $319.66 million during the quarter.

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.