Children’s Place (NASDAQ:PLCE) Rating Increased to Hold at StockNews.com

Children’s Place (NASDAQ:PLCE) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other analysts have also issued reports about the stock. Telsey Advisory Group lowered their price objective on shares of Children’s Place from $13.00 to $9.00 and set a “market perform” rating for the company in a report on Tuesday. B. Riley upgraded Children’s Place from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $7.00 in a report on Wednesday, April 24th. Finally, Monness Crespi & Hardt cut shares of Children’s Place from a “buy” rating to a “neutral” rating in a report on Friday, February 9th.

Children’s Place Price Performance

Shares of PLCE stock opened at $11.30 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.19 and a current ratio of 0.85. The firm has a market cap of $141.02 million, a P/E ratio of -1.82 and a beta of 2.05. The business’s 50 day moving average price is $10.82 and its 200-day moving average price is $18.56. Children’s Place has a fifty-two week low of $6.58 and a fifty-two week high of $38.03.

Insider Transactions at Children’s Place

In related news, major shareholder Mithaq Capital Spc bought 1,566,475 shares of the stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $15.80 per share, for a total transaction of $24,750,305.00. Following the purchase, the insider now owns 4,663,743 shares of the company’s stock, valued at $73,687,139.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Children’s Place

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mithaq Capital SPC grew its position in shares of Children’s Place by 1,932.4% during the 1st quarter. Mithaq Capital SPC now owns 7,001,387 shares of the company’s stock valued at $80,796,000 after acquiring an additional 6,656,894 shares during the period. Jupiter Asset Management Ltd. increased its position in Children’s Place by 181.3% in the third quarter. Jupiter Asset Management Ltd. now owns 150,601 shares of the company’s stock worth $4,071,000 after buying an additional 97,064 shares in the last quarter. Partnership Wealth Management LLC bought a new position in shares of Children’s Place in the fourth quarter worth about $1,602,000. Millrace Asset Group Inc. bought a new position in shares of Children’s Place in the third quarter worth about $1,784,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Children’s Place by 18.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,324 shares of the company’s stock valued at $7,229,000 after buying an additional 48,964 shares in the last quarter.

About Children’s Place

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.