Immersion Corp Makes New $1.89 Million Investment in The Children’s Place, Inc. $PLCE

Immersion Corp bought a new position in shares of The Children’s Place, Inc. (NASDAQ:PLCE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 473,953 shares of the company’s stock, valued at approximately $1,886,000. Children’s Place comprises about 1.3% of Immersion Corp’s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in Children’s Place by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 154,654 shares of the company’s stock worth $685,000 after acquiring an additional 5,630 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Children’s Place during the 3rd quarter worth approximately $37,000. Barclays PLC grew its holdings in Children’s Place by 1,687.2% during the 4th quarter. Barclays PLC now owns 7,846 shares of the company’s stock worth $31,000 after acquiring an additional 7,407 shares during the last quarter. Keel Point LLC bought a new stake in Children’s Place during the 3rd quarter worth approximately $69,000. Finally, Jump Financial LLC bought a new stake in Children’s Place during the 4th quarter worth approximately $46,000.

Analyst Upgrades and Downgrades

Separately, UBS Group boosted their target price on shares of Children’s Place from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $4.00.

Children’s Place Stock Performance

Shares of NASDAQ PLCE opened at $3.48 on Thursday. The company has a market capitalization of $77.40 million, a P/E ratio of -0.72 and a beta of 1.90. The Children’s Place, Inc. has a 52-week low of $2.76 and a 52-week high of $9.56. The company’s 50 day moving average price is $3.46 and its 200-day moving average price is $4.16.

Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings results on Friday, June 12th. The company reported ($2.00) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.15) by $0.15. The firm had revenue of $215.23 million during the quarter, compared to analyst estimates of $198.32 million.

Children’s Place Profile

The Children’s Place, Inc (NASDAQ: PLCE) is a leading specialty retailer of children’s apparel, footwear and accessories, operating an omnichannel platform that serves families across North America. Headquartered in Secaucus, New Jersey, the company combines an extensive network of brick-and-mortar stores with a full-service e-commerce site to deliver a wide range of private-label products for newborns, toddlers and kids up to pre-teen. By focusing on value-priced, fashion-forward merchandise, The Children’s Place has built a recognizable brand in the youth apparel market.

The company’s product portfolio encompasses core categories such as tops, bottoms, sleepwear and outerwear, along with footwear and seasonal accessories.