Children’s Place (NASDAQ:PLCE) Upgraded by B. Riley to “Neutral”

B. Riley upgraded shares of Children’s Place (NASDAQ:PLCE) from a sell rating to a neutral rating in a research report report published on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $7.00 target price on the stock, down from their prior target price of $12.00.

PLCE has been the subject of a number of other reports. Monness Crespi & Hardt cut Children’s Place from a buy rating to a neutral rating in a research report on Friday, February 9th. StockNews.com cut Children’s Place from a hold rating to a sell rating in a research report on Tuesday, February 20th. Finally, Telsey Advisory Group decreased their price objective on Children’s Place from $24.00 to $13.00 and set a market perform rating for the company in a research report on Monday, February 12th.

Children’s Place Price Performance

Shares of NASDAQ PLCE opened at $7.17 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.19. Children’s Place has a 52-week low of $6.80 and a 52-week high of $38.03. The business has a 50-day moving average price of $13.98 and a 200 day moving average price of $19.90.

Insider Transactions at Children’s Place

In other Children’s Place news, major shareholder Mithaq Capital Spc bought 1,849,397 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $11.02 per share, with a total value of $20,380,354.94. Following the purchase, the insider now owns 3,097,268 shares in the company, valued at approximately $34,131,893.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Children’s Place

Large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Children’s Place by 47.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,124 shares of the company’s stock valued at $73,000 after purchasing an additional 999 shares in the last quarter. Headlands Technologies LLC grew its holdings in Children’s Place by 26.6% during the 4th quarter. Headlands Technologies LLC now owns 3,584 shares of the company’s stock valued at $83,000 after buying an additional 753 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Children’s Place by 2,016.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,550 shares of the company’s stock valued at $106,000 after buying an additional 4,335 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Children’s Place during the 4th quarter valued at $137,000. Finally, Quantbot Technologies LP acquired a new stake in Children’s Place during the 3rd quarter valued at $166,000.

Children’s Place Company Profile

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.