UBS Group Issues Pessimistic Forecast for Children’s Place (NASDAQ:PLCE) Stock Price

Children’s Place (NASDAQ:PLCE) had its price objective cut by equities research analysts at UBS Group from $7.00 to $6.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 44.58% from the stock’s previous close.

Separately, Wall Street Zen upgraded shares of Children’s Place from a “sell” rating to a “hold” rating in a research report on Friday, June 6th.

Children’s Place Stock Down 10.8%

Shares of NASDAQ:PLCE opened at $4.15 on Monday. Children’s Place has a twelve month low of $4.10 and a twelve month high of $19.74. The stock’s 50 day moving average is $5.90 and its 200-day moving average is $8.72. The firm has a market capitalization of $53.06 million, a price-to-earnings ratio of -0.29 and a beta of 1.81.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings results on Friday, June 6th. The company reported ($1.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($1.44). The company had revenue of $242.13 million during the quarter, compared to analysts’ expectations of $313.85 million. Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%.

Hedge Funds Weigh In On Children’s Place

Large investors have recently modified their holdings of the stock. Boothbay Fund Management LLC bought a new position in shares of Children’s Place in the 4th quarter worth approximately $1,887,000. Alpine Global Management LLC purchased a new stake in Children’s Place during the 4th quarter valued at approximately $1,789,000. D. E. Shaw & Co. Inc. grew its holdings in Children’s Place by 967.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 162,549 shares of the company’s stock valued at $1,700,000 after buying an additional 147,321 shares in the last quarter. Quinn Opportunity Partners LLC grew its holdings in Children’s Place by 76.8% during the 4th quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company’s stock valued at $6,674,000 after buying an additional 277,185 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Children’s Place by 409.4% during the 4th quarter. Millennium Management LLC now owns 60,569 shares of the company’s stock valued at $634,000 after buying an additional 48,678 shares in the last quarter.

About Children’s Place

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.