Partnership Wealth Management LLC Has $89,000 Stock Position in The Children’s Place, Inc. (NASDAQ:PLCE)

Partnership Wealth Management LLC cut its position in The Children’s Place, Inc. (NASDAQ:PLCE) by 19.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,725 shares of the company’s stock after selling 1,375 shares during the quarter. Partnership Wealth Management LLC’s holdings in Children’s Place were worth $89,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLCE. Susquehanna Fundamental Investments LLC bought a new stake in Children’s Place during the 2nd quarter valued at $464,000. Shellback Capital LP bought a new stake in shares of Children’s Place during the second quarter worth about $423,000. Dark Forest Capital Management LP increased its position in shares of Children’s Place by 67.7% during the second quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock worth $147,000 after acquiring an additional 7,272 shares in the last quarter. 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 worth $334,000 after acquiring an additional 24,282 shares during the last quarter. Finally, Point72 DIFC Ltd lifted its stake in Children’s Place by 42.3% during the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock valued at $175,000 after acquiring an additional 6,383 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group lifted their target price on shares of Children’s Place from $12.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. StockNews.com lowered Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Children’s Place Price Performance

PLCE opened at $13.09 on Wednesday. The Children’s Place, Inc. has a one year low of $4.77 and a one year high of $38.03. The company has a fifty day moving average price of $9.74 and a 200-day moving average price of $9.45. The firm has a market capitalization of $166.50 million, a P/E ratio of -1.00 and a beta of 2.23.

Children’s Place (NASDAQ:PLCE) last released its earnings results on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of ($1.10) by $1.40. Children’s Place had a negative return on equity of 4,732.98% and a negative net margin of 10.52%. The business had revenue of $319.66 million for the quarter.

About Children’s Place

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.