Children’s Place (NASDAQ:PLCE) Upgraded by B. Riley to “Neutral”

B. Riley upgraded shares of Children’s Place (NASDAQ:PLCE) from a sell rating to a neutral rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports. They currently have $7.00 target price on the stock, down from their previous target price of $12.00.

A number of other brokerages have also recently commented on PLCE. StockNews.com cut shares of Children’s Place from a hold rating to a sell rating in a report on Tuesday, February 20th. Monness Crespi & Hardt cut shares of Children’s Place from a buy rating to a neutral rating in a report on Friday, February 9th. Finally, Telsey Advisory Group lowered their price target on Children’s Place from $24.00 to $13.00 and set a market perform rating for the company in a research report on Monday, February 12th.

Children’s Place Stock Performance

Shares of PLCE stock opened at $7.17 on Wednesday. Children’s Place has a 12 month low of $6.80 and a 12 month high of $38.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.19 and a current ratio of 0.85. The company’s fifty day moving average price is $13.98 and its 200-day moving average price is $19.90.

Insider Transactions at Children’s Place

In related news, major shareholder Mithaq Capital Spc purchased 1,566,475 shares of the stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $15.80 per share, with a total value of $24,750,305.00. Following the transaction, the insider now directly owns 4,663,743 shares in the company, valued at $73,687,139.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Children’s Place

A number of hedge funds have recently bought and sold shares of the business. Mithaq Capital SPC purchased a new position in Children’s Place in the 4th quarter worth about $7,999,000. Charles Schwab Investment Management Inc. raised its position in Children’s Place by 18.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,324 shares of the company’s stock worth $7,229,000 after buying an additional 48,964 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in Children’s Place by 181.3% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 150,601 shares of the company’s stock worth $4,071,000 after buying an additional 97,064 shares during the last quarter. Partnership Wealth Management LLC raised its position in Children’s Place by 80.3% in the 1st quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company’s stock worth $1,496,000 after buying an additional 57,740 shares during the last quarter. Finally, Towerview LLC raised its position in Children’s Place by 10.5% in the 4th quarter. Towerview LLC now owns 84,000 shares of the company’s stock worth $1,950,000 after buying an additional 8,000 shares during the last quarter.

About Children’s Place

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.