Boothbay Fund Management LLC Reduces Holdings in The Children’s Place, Inc. (NASDAQ:PLCE)

Boothbay Fund Management LLC trimmed its holdings in shares of The Children’s Place, Inc. (NASDAQ:PLCE – Get Rating) by 37.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,750 shares of the company’s stock after selling 5,348 shares during the period. Boothbay Fund Management LLC owned about 0.07% of Children’s Place worth $270,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advisor Group Holdings Inc. boosted its position in Children’s Place by 426.3% during the first quarter. Advisor Group Holdings Inc. now owns 5,505 shares of the company’s stock worth $271,000 after acquiring an additional 4,459 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Children’s Place by 35.3% during the first quarter. JPMorgan Chase & Co. now owns 44,948 shares of the company’s stock worth $2,216,000 after acquiring an additional 11,734 shares during the last quarter. American Century Companies Inc. boosted its position in Children’s Place by 72.5% during the first quarter. American Century Companies Inc. now owns 47,008 shares of the company’s stock worth $2,317,000 after acquiring an additional 19,761 shares during the last quarter. MetLife Investment Management LLC boosted its position in Children’s Place by 54.9% during the first quarter. MetLife Investment Management LLC now owns 8,398 shares of the company’s stock worth $414,000 after acquiring an additional 2,976 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Children’s Place by 8.2% during the first quarter. Rhumbline Advisers now owns 34,539 shares of the company’s stock worth $1,703,000 after acquiring an additional 2,618 shares during the last quarter. 98.73% of the stock is owned by hedge funds and other institutional investors.

Children’s Place Stock Up 1.2 %

Shares of PLCE opened at $43.85 on Friday. The firm has a market cap of $536.20 million, a PE ratio of 6.89 and a beta of 2.00. The company’s fifty day moving average is $41.22 and its two-hundred day moving average is $39.45. The Children’s Place, Inc. has a fifty-two week low of $29.20 and a fifty-two week high of $61.54. The company has a quick ratio of 0.17, a current ratio of 0.97 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PLCE shares. Telsey Advisory Group lowered shares of Children’s Place from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $50.00 to $46.00 in a research report on Tuesday, February 7th. UBS Group decreased their target price on shares of Children’s Place from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 15th. Finally, Monness Crespi & Hardt decreased their price target on shares of Children’s Place to $50.00 in a report on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.80.

About Children’s Place

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The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It 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. The firm operates through the following segments: Children’s Place U.S.