Children’s Place (PLCE) Set to Announce Quarterly Earnings on Thursday

Children’s Place (NASDAQ:PLCE) is scheduled to announce its earnings results on Thursday, April 4th.

Children’s Place Stock Down 4.9 %

PLCE opened at $10.29 on Wednesday. The company has a market cap of $128.42 million, a P/E ratio of -1.66 and a beta of 1.98. The business’s 50-day moving average price is $17.75 and its 200-day moving average price is $21.82. The company has a current ratio of 0.85, a quick ratio of 0.19 and a debt-to-equity ratio of 0.42. Children’s Place has a 12 month low of $8.30 and a 12 month high of $41.91.

Insider Buying and Selling at Children’s Place

In other news, major shareholder Mithaq Capital Spc acquired 1,849,397 shares of the business’s stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $11.02 per share, with a total value of $20,380,354.94. Following the transaction, the insider now owns 3,097,268 shares in the company, valued at approximately $34,131,893.36. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.80% of the company’s stock.

Institutional Trading of Children’s Place

Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in Children’s Place during the 4th quarter valued at approximately $1,469,000. Meros Investment Management LP boosted its position in shares of Children’s Place by 10.5% in the 4th quarter. Meros Investment Management LP now owns 149,199 shares of the company’s stock worth $3,464,000 after purchasing an additional 14,207 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Children’s Place by 47.7% in the 4th quarter. Legal & General Group Plc now owns 14,319 shares of the company’s stock worth $332,000 after purchasing an additional 4,626 shares in the last quarter. Numerai GP LLC bought a new stake in shares of Children’s Place in the 4th quarter worth approximately $303,000. Finally, Nuveen Asset Management LLC boosted its position in shares of Children’s Place by 91.1% in the 4th quarter. Nuveen Asset Management LLC now owns 62,331 shares of the company’s stock worth $1,447,000 after purchasing an additional 29,718 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Telsey Advisory Group reduced their price target on Children’s Place from $24.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, February 12th. StockNews.com downgraded Children’s Place from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. B. Riley downgraded Children’s Place from a “neutral” rating to a “sell” rating and reduced their price target for the company from $19.00 to $4.00 in a report on Tuesday, February 13th. Finally, Monness Crespi & Hardt downgraded Children’s Place from a “buy” rating to a “neutral” rating in a report on Friday, February 9th.

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.