Insider Buying: Children’s Place (NASDAQ:PLCE) CEO Purchases $50,001.00 in Stock

The Children’s Place, Inc. (NASDAQ:PLCE) CEO Muhammad Umair bought 7,143 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were acquired at an average price of $7.00 per share, for a total transaction of $50,001.00. Following the acquisition, the chief executive officer owned 277,667 shares in the company, valued at approximately $1,943,669. This represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Children’s Place Stock Performance

Shares of PLCE stock opened at $7.11 on Friday. The Children’s Place, Inc. has a 12 month low of $3.66 and a 12 month high of $17.19. The stock has a market cap of $157.63 million, a PE ratio of -8.27 and a beta of 2.26. The company has a current ratio of 0.93, a quick ratio of 0.17 and a debt-to-equity ratio of 75.63. The company’s fifty day moving average price is $5.79 and its 200-day moving average price is $5.67.

Children’s Place (NASDAQ:PLCE) last announced its earnings results on Friday, September 5th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The business had revenue of $298.01 million for the quarter, compared to the consensus estimate of $289.41 million. Children’s Place had a negative net margin of 2.04% and a negative return on equity of 10.32%. During the same quarter last year, the firm posted $0.30 EPS.

Hedge Funds Weigh In On Children’s Place

A number of hedge funds have recently bought and sold shares of the business. Shay Capital LLC raised its position in Children’s Place by 897.1% in the 2nd quarter. Shay Capital LLC now owns 308,322 shares of the company’s stock worth $1,366,000 after buying an additional 277,401 shares during the last quarter. Oxford Asset Management LLP purchased a new position in Children’s Place in the 2nd quarter worth about $178,000. Bank of America Corp DE raised its position in Children’s Place by 372.8% in the 2nd quarter. Bank of America Corp DE now owns 39,897 shares of the company’s stock worth $177,000 after buying an additional 31,458 shares during the last quarter. Murchinson Ltd. increased its position in shares of Children’s Place by 96.9% during the 2nd quarter. Murchinson Ltd. now owns 59,983 shares of the company’s stock valued at $266,000 after purchasing an additional 29,527 shares during the last quarter. Finally, Immersion Corp purchased a new stake in shares of Children’s Place during the 2nd quarter valued at about $2,530,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PLCE shares. Wall Street Zen cut shares of Children’s Place from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. UBS Group upped their price target on shares of Children’s Place from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Children’s Place in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Children’s Place presently has a consensus rating of “Reduce” and a consensus target price of $7.00.

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.