Stock Traders Purchase High Volume of Call Options on Children’s Place (NASDAQ:PLCE)

The Children’s Place, Inc. (NASDAQ:PLCE) was the target of some unusual options trading on Thursday. Investors bought 3,934 call options on the company. This is an increase of approximately 75% compared to the average daily volume of 2,251 call options.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quinn Opportunity Partners LLC boosted its position in shares of Children’s Place by 76.8% during the fourth quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company’s stock worth $6,674,000 after buying an additional 277,185 shares during the period. Boothbay Fund Management LLC acquired a new stake in Children’s Place in the fourth quarter valued at $1,887,000. Rockefeller Capital Management L.P. acquired a new stake in Children’s Place in the third quarter valued at $2,772,000. Alpine Global Management LLC acquired a new stake in Children’s Place in the fourth quarter valued at $1,789,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Children’s Place by 967.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 162,549 shares of the company’s stock worth $1,700,000 after purchasing an additional 147,321 shares during the last quarter.

Analysts Set New Price Targets

Separately, UBS Group reduced their target price on Children’s Place from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th.

Children’s Place Price Performance

PLCE stock opened at $8.80 on Friday. The business has a 50 day simple moving average of $9.23 and a 200-day simple moving average of $11.50. The firm has a market capitalization of $112.51 million, a PE ratio of -0.62 and a beta of 2.47. Children’s Place has a 1 year low of $4.77 and a 1 year high of $19.74.

Children’s Place Company Profile

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.