StockNews.com Upgrades Children’s Place (NASDAQ:PLCE) to “Hold”

StockNews.com upgraded shares of Children’s Place (NASDAQ:PLCE) from a sell rating to a hold rating in a research report released on Wednesday.

A number of other research firms have also recently weighed in on PLCE. B. Riley upgraded shares of Children’s Place from a sell rating to a neutral rating and lowered their target price for the company from $12.00 to $7.00 in a research note on Wednesday, April 24th. Telsey Advisory Group dropped their price objective on Children’s Place from $13.00 to $9.00 and set a market perform rating for the company in a research note on Tuesday. Finally, Monness Crespi & Hardt downgraded Children’s Place from a buy rating to a neutral rating in a research note on Friday, February 9th.

Children’s Place Price Performance

Shares of NASDAQ:PLCE opened at $9.88 on Wednesday. The company has a market capitalization of $123.24 million, a P/E ratio of -1.59 and a beta of 2.05. Children’s Place has a 1-year low of $6.58 and a 1-year high of $38.03. The firm’s 50 day simple moving average is $10.98 and its two-hundred day simple moving average is $18.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.19.

Insider Buying and Selling at Children’s Place

In related news, major shareholder Mithaq Capital Spc acquired 1,566,475 shares of the company’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $15.80 per share, with a total value of $24,750,305.00. Following the acquisition, the insider now directly owns 4,663,743 shares of the company’s stock, valued at $73,687,139.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 4.80% of the stock is currently owned by insiders.

Institutional Trading of Children’s Place

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC grew its holdings in shares of Children’s Place by 8.5% in the fourth quarter. Virtu Financial LLC now owns 8,793 shares of the company’s stock valued at $204,000 after purchasing an additional 692 shares in the last quarter. Headlands Technologies LLC lifted its position in Children’s Place by 26.6% during the fourth quarter. Headlands Technologies LLC now owns 3,584 shares of the company’s stock valued at $83,000 after purchasing an additional 753 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Children’s Place by 47.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,124 shares of the company’s stock worth $73,000 after buying an additional 999 shares in the last quarter. Towerview LLC increased its holdings in shares of Children’s Place by 2.7% in the 3rd quarter. Towerview LLC now owns 76,000 shares of the company’s stock worth $2,054,000 after buying an additional 2,000 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Children’s Place by 2,016.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,550 shares of the company’s stock worth $106,000 after buying an additional 4,335 shares during the last quarter.

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.