PharVision Advisers LLC Acquires New Shares in The Children’s Place, Inc. (NASDAQ:PLCE)

PharVision Advisers LLC acquired a new stake in shares of The Children’s Place, Inc. (NASDAQ:PLCE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 23,040 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds also recently modified their holdings of the company. Quinn Opportunity Partners LLC raised its position in Children’s Place by 76.8% during the 4th quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company’s stock worth $6,674,000 after purchasing an additional 277,185 shares during the last quarter. Boothbay Fund Management LLC bought a new position in Children’s Place during the 4th quarter worth $1,887,000. Alpine Global Management LLC bought a new position in Children’s Place during the 4th quarter worth $1,789,000. D. E. Shaw & Co. Inc. raised its position in Children’s Place by 967.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 162,549 shares of the company’s stock worth $1,700,000 after purchasing an additional 147,321 shares during the last quarter. Finally, Quarry LP bought a new position in Children’s Place during the 4th quarter worth $1,562,000.

Children’s Place Price Performance

Shares of NASDAQ:PLCE opened at $5.91 on Friday. The business’s 50-day moving average is $6.63 and its 200-day moving average is $9.56. 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 $75.56 million, a price-to-earnings ratio of -0.42 and a beta of 1.87.

Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings data on Friday, April 11th. The company reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.95). The company had revenue of $380.91 million for the quarter, compared to the consensus estimate of $374.32 million. Children’s Place had a negative return on equity of 4,732.98% and a negative net margin of 12.47%. During the same period in the prior year, the firm posted ($7.38) earnings per share.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their target price on Children’s Place from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th.

Children’s Place Company 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.