Tower Research Capital LLC TRC Invests $44,000 in The Children’s Place, Inc. (NASDAQ:PLCE)

Tower Research Capital LLC TRC bought a new position in The Children’s Place, Inc. (NASDAQ:PLCE) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,171 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in Children’s Place during the fourth quarter valued at about $31,000. ARS Investment Partners LLC purchased a new position in Children’s Place in the fourth quarter worth about $105,000. Geode Capital Management LLC grew its position in Children’s Place by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 144,330 shares of the company’s stock worth $1,510,000 after acquiring an additional 5,989 shares in the last quarter. Covestor Ltd grew its position in Children’s Place by 156.3% in the fourth quarter. Covestor Ltd now owns 4,408 shares of the company’s stock worth $46,000 after acquiring an additional 2,688 shares in the last quarter. Finally, 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 valued at $6,674,000 after buying an additional 277,185 shares during the period.

Wall Street Analysts Forecast Growth

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

Children’s Place Stock Down 4.9%

Shares of NASDAQ:PLCE opened at $6.42 on Wednesday. The company has a market capitalization of $82.08 million, a price-to-earnings ratio of -0.45 and a beta of 1.87. The Children’s Place, Inc. has a 52 week low of $4.77 and a 52 week high of $19.74. The firm has a 50 day moving average of $6.85 and a 200 day moving average of $9.90.

Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings results on Friday, April 11th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.95). The business had revenue of $380.91 million for the quarter, compared to analyst estimates of $374.32 million. Children’s Place had a negative return on equity of 4,732.98% and a negative net margin of 12.47%. During the same period in the previous year, the company posted ($7.38) earnings per share.

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.