Baader Bank Aktiengesellschaft Decreases Stake in The Children’s Place, Inc. (NASDAQ:PLCE)

Baader Bank Aktiengesellschaft decreased its position in The Children’s Place, Inc. (NASDAQ:PLCE) by 17.9% during the 4th quarter, Holdings Channel reports. The firm owned 34,856 shares of the company’s stock after selling 7,617 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Children’s Place were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd bought a new stake in Children’s Place in the 3rd quarter worth $27,000. FNY Investment Advisers LLC purchased a new position in Children’s Place during the 4th quarter valued at about $31,000. Quantbot Technologies LP bought a new position in Children’s Place during the 3rd quarter valued at approximately $33,000. ARS Investment Partners LLC purchased a new stake in Children’s Place in the 4th quarter worth approximately $105,000. Finally, FORA Capital LLC bought a new stake in shares of Children’s Place in the 3rd quarter worth approximately $158,000.

Analysts Set New Price Targets

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

Children’s Place Stock Performance

PLCE stock opened at $9.85 on Friday. The company has a market capitalization of $125.93 million, a price-to-earnings ratio of -0.69 and a beta of 2.36. The business’s 50 day moving average price is $11.59 and its two-hundred day moving average price is $11.05. The Children’s Place, Inc. has a fifty-two week low of $4.77 and a fifty-two week high of $38.03.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings data on Tuesday, December 3rd. The company reported $2.04 EPS for the quarter, missing the consensus estimate 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 business posted $3.22 EPS.

About Children’s Place

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.