Rockefeller Capital Management L.P. Acquires Shares of 179,091 The Children's Place, Inc. (NASDAQ:PLCE)

Rockefeller Capital Management L.P. acquired a new position in The Children's Place, Inc. (NASDAQ:PLCE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 179,091 shares of the company's stock, valued at approximately $2,772,000. Rockefeller Capital Management L.P. owned 1.41% of Children's Place as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Shellback Capital LP bought a new position in Children's Place in the 2nd quarter worth $423,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Children's Place in the second quarter worth about $464,000. Quest Partners LLC grew its position in shares of Children's Place by 4,217.6% during the third quarter. Quest Partners LLC now owns 52,675 shares of the company's stock worth $815,000 after purchasing an additional 51,455 shares in the last quarter. Dark Forest Capital Management LP raised its stake in Children's Place by 67.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company's stock valued at $147,000 after purchasing an additional 7,272 shares during the period. Finally, XTX Topco Ltd lifted its holdings in 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 purchasing an additional 13,878 shares in the last quarter.

Children's Place Stock Down 1.7 %

NASDAQ PLCE traded down $0.20 during trading on Friday, hitting $11.81. 478,431 shares of the stock traded hands, compared to its average volume of 1,414,677. The Children's Place, Inc. has a 12-month low of $4.77 and a 12-month high of $38.03. The firm has a 50-day simple moving average of $13.91 and a 200-day simple moving average of $10.77. The company has a market capitalization of $150.20 million, a P/E ratio of -0.90 and a beta of 2.28.

Children's Place (NASDAQ:PLCE - Get Free Report) last posted its earnings results on Tuesday, December 3rd. The company reported $2.04 earnings per share 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 business earned $3.22 earnings per share.

Analysts Set New Price Targets

Several research firms have recently issued reports on PLCE. StockNews.com cut shares of Children's Place from a "hold" rating to a "sell" rating in a research report on Wednesday, August 21st. UBS Group cut 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 note on Monday, November 18th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, Children's Place presently has an average rating of "Hold" and a consensus target price 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.