The Children’s Place, Inc. (NASDAQ:PLCE) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its stake in shares of The Children’s Place, Inc. (NASDAQ:PLCE) by 409.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,569 shares of the company’s stock after acquiring an additional 48,678 shares during the quarter. Millennium Management LLC owned about 0.47% of Children’s Place worth $634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in Children’s Place during the 4th quarter worth $44,000. Covestor Ltd raised its stake in Children’s Place by 156.3% during the 4th 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. Dark Forest Capital Management LP acquired a new stake in Children’s Place during the 4th quarter worth $112,000. XTX Topco Ltd acquired a new stake in Children’s Place during the 4th quarter worth $161,000. Finally, Corton Capital Inc. acquired a new stake in Children’s Place during the 4th quarter worth $191,000.

Children’s Place Stock Performance

Shares of Children’s Place stock opened at $6.86 on Friday. The Children’s Place, Inc. has a 1 year low of $4.77 and a 1 year high of $19.74. The company has a market capitalization of $87.71 million, a P/E ratio of -0.48 and a beta of 1.81. The company’s fifty day moving average is $6.07 and its two-hundred day moving average is $8.88.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLCE. Wall Street Zen upgraded shares of Children’s Place from a “sell” rating to a “hold” rating in a research note on Friday. UBS Group cut their price target on shares of Children’s Place from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th.

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.