The Children’s Place, Inc. (NASDAQ:PLCE) Short Interest Update

The Children’s Place, Inc. (NASDAQ:PLCE) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 3,074,109 shares, a growth of 21.8% from the March 15th total of 2,524,467 shares. Based on an average trading volume of 244,042 shares, the short-interest ratio is presently 12.6 days. Approximately 14.0% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of brokerages have recently commented on PLCE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Children’s Place in a research report on Friday, January 9th. UBS Group cut their price objective on Children’s Place from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $3.50.

Children’s Place Stock Up 0.9%

Shares of NASDAQ:PLCE opened at $3.51 on Friday. The company’s fifty day moving average is $3.73 and its two-hundred day moving average is $5.42. Children’s Place has a 12-month low of $2.76 and a 12-month high of $9.56. The company has a market cap of $77.96 million, a P/E ratio of -0.88 and a beta of 2.01.

Children’s Place (NASDAQ:PLCE) last announced its earnings results on Friday, April 10th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by ($1.00). The business had revenue of $329.23 million for the quarter, compared to the consensus estimate of $366.60 million.

Institutional Trading of Children’s Place

Large investors have recently added to or reduced their stakes in the company. Prentice Capital Management LP acquired a new position in shares of Children’s Place in the third quarter worth $358,000. Murchinson Ltd. increased its stake in shares of Children’s Place by 96.9% in the second quarter. Murchinson Ltd. now owns 59,983 shares of the company’s stock worth $266,000 after acquiring an additional 29,527 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Children’s Place in the fourth quarter worth $208,000. Oxford Asset Management LLP acquired a new position in shares of Children’s Place in the second quarter worth $178,000. Finally, Bank of America Corp DE increased its stake in shares of Children’s Place by 372.8% in the second quarter. Bank of America Corp DE now owns 39,897 shares of the company’s stock worth $177,000 after acquiring an additional 31,458 shares during the last quarter.

About Children’s Place

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.