The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report) was the recipient of some unusual options trading activity on Monday. Investors acquired 3,232 call options on the company. This is an increase of approximately 31% compared to the typical daily volume of 2,461 call options.
Children's Place Stock Performance
Shares of PLCE traded down $0.03 during trading hours on Friday, hitting $5.71. The company had a trading volume of 392,496 shares, compared to its average volume of 1,056,637. The firm has a fifty day moving average price of $7.97 and a 200-day moving average price of $10.75. The stock has a market capitalization of $73.00 million, a price-to-earnings ratio of -0.40 and a beta of 2.03. Children's Place has a 52-week low of $4.77 and a 52-week high of $19.74.
Children's Place (NASDAQ:PLCE - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.95). The business had revenue of $380.91 million for the quarter, compared to the consensus estimate of $374.32 million. 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 in the previous year, the company earned ($7.38) earnings per share.
Wall Street Analyst Weigh In
Separately, UBS Group cut their price objective on Children's Place from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th.
Check Out Our Latest Analysis on PLCE
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of PLCE. Quinn Opportunity Partners LLC lifted its stake in shares of Children's Place by 76.8% during the 4th quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company's stock valued at $6,674,000 after buying an additional 277,185 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Children's Place during the 4th quarter worth approximately $1,887,000. Alpine Global Management LLC bought a new position in shares of Children's Place during the 4th quarter valued at approximately $1,789,000. D. E. Shaw & Co. Inc. boosted its position in shares of Children's Place by 967.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 162,549 shares of the company's stock valued at $1,700,000 after acquiring an additional 147,321 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Children's Place in the 4th quarter worth $1,562,000.
Children's Place Company Profile
(
Get 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.
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