Charles Schwab Investment Management Inc. Sells 107,736 Shares of The Children’s Place, Inc. (NASDAQ:PLCE)

Charles Schwab Investment Management Inc. decreased its position in shares of The Children’s Place, Inc. (NASDAQ:PLCE) by 45.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,212 shares of the company’s stock after selling 107,736 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.02% of Children’s Place worth $2,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of Children’s Place during the 2nd quarter valued at about $464,000. Shellback Capital LP acquired a new position in Children’s Place in the second quarter valued at approximately $423,000. Quest Partners LLC boosted its holdings in shares of Children’s Place by 4,217.6% during the 3rd quarter. Quest Partners LLC now owns 52,675 shares of the company’s stock worth $815,000 after buying an additional 51,455 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Children’s Place by 462.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company’s stock worth $398,000 after buying an additional 40,200 shares during the period. Finally, Squarepoint Ops LLC increased its stake in shares of Children’s Place by 144.7% in the 2nd quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock valued at $334,000 after acquiring an additional 24,282 shares in the last quarter.

Analyst Ratings Changes

PLCE has been the subject of a number of research reports. StockNews.com cut shares of Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. UBS Group reduced their target price 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 investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Children’s Place Trading Up 0.7 %

NASDAQ PLCE opened at $10.91 on Tuesday. The company has a market cap of $139.43 million, a P/E ratio of -0.77 and a beta of 2.28. The company has a fifty day simple moving average of $13.59 and a 200 day simple moving average of $10.74. The Children’s Place, Inc. has a 12-month low of $4.77 and a 12-month high of $38.03.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $2.04 earnings per share 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 quarter in the prior year, the business earned $3.22 earnings per share.

Children’s Place Profile

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.