Dimensional Fund Advisors LP Reduces Stake in The Children’s Place, Inc. (NASDAQ:PLCE)

Dimensional Fund Advisors LP reduced its holdings in The Children’s Place, Inc. (NASDAQ:PLCE) by 66.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,728 shares of the company’s stock after selling 121,425 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Children’s Place were worth $503,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Children’s Place by 344.1% in the first quarter. SG Americas Securities LLC now owns 26,139 shares of the company’s stock worth $302,000 after acquiring an additional 20,253 shares during the period. Partnership Wealth Management LLC raised its holdings in Children’s Place by 80.3% in the 1st quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company’s stock worth $1,496,000 after purchasing an additional 57,740 shares in the last quarter. ARS Investment Partners LLC purchased a new stake in shares of Children’s Place in the 2nd quarter worth about $247,000. Finally, Virtu Financial LLC lifted its position in shares of Children’s Place by 8.5% in the 4th quarter. Virtu Financial LLC now owns 8,793 shares of the company’s stock worth $204,000 after purchasing an additional 692 shares during the period.

Children’s Place Price Performance

Shares of Children’s Place stock opened at $13.72 on Monday. The Children’s Place, Inc. has a 1 year low of $4.77 and a 1 year high of $38.03. The firm has a market cap of $174.52 million, a price-to-earnings ratio of -1.08 and a beta of 2.23. The company has a 50-day moving average of $10.07 and a 200 day moving average of $9.47.

Children’s Place (NASDAQ:PLCE) last announced its earnings results on Wednesday, September 11th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $319.66 million during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Children’s Place from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. UBS Group upped their target price on Children’s Place from $12.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.

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.