ARS Investment Partners LLC Purchases New Holdings in The Children’s Place, Inc. (NASDAQ:PLCE)

ARS Investment Partners LLC acquired a new position in The Children’s Place, Inc. (NASDAQ:PLCE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $105,000. ARS Investment Partners LLC owned about 0.08% of Children’s Place at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Covestor Ltd purchased a new position in shares of Children’s Place in the 3rd quarter worth about $27,000. Quantbot Technologies LP bought a new position in shares of Children’s Place during the 3rd quarter valued at approximately $33,000. FNY Investment Advisers LLC purchased a new stake in shares of Children’s Place during the 4th quarter worth approximately $31,000. FORA Capital LLC bought a new stake in shares of Children’s Place in the 3rd quarter worth approximately $158,000. Finally, Dark Forest Capital Management LP raised its holdings in shares of Children’s Place by 67.7% in the 2nd quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock worth $147,000 after purchasing an additional 7,272 shares during the period.

Children’s Place Stock Performance

NASDAQ:PLCE opened at $10.13 on Wednesday. The Children’s Place, Inc. has a fifty-two week low of $4.77 and a fifty-two week high of $38.03. The business has a 50 day moving average price of $12.25 and a 200-day moving average price of $11.02. The firm has a market cap of $129.46 million, a PE ratio of -0.71 and a beta of 2.36.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.59). Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same period in the previous year, the company posted $3.22 EPS.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price target on Children’s Place from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, November 18th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, Children’s Place currently has an average rating of “Hold” and a consensus target price of $11.00.

Children’s Place 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.