FORA Capital LLC Makes New Investment in The Children’s Place, Inc. (NASDAQ:PLCE)

FORA Capital LLC purchased a new stake in shares of The Children’s Place, Inc. (NASDAQ:PLCE) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,176 shares of the company’s stock, valued at approximately $158,000. FORA Capital LLC owned about 0.08% of Children’s Place as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PLCE. Susquehanna Fundamental Investments LLC purchased a new stake in Children’s Place during the second quarter valued at $464,000. Shellback Capital LP bought a new stake in shares of Children’s Place during the 2nd quarter valued at about $423,000. Quest Partners LLC increased its position 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 valued at $815,000 after purchasing an additional 51,455 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Children’s Place by 462.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company’s stock worth $398,000 after purchasing an additional 40,200 shares during the period. Finally, ARS Investment Partners LLC purchased a new position in shares of Children’s Place in the second quarter worth approximately $247,000.

Children’s Place Price Performance

Shares of NASDAQ:PLCE opened at $15.92 on Friday. The firm’s 50 day simple moving average is $14.23 and its two-hundred day simple moving average is $10.73. The company has a market capitalization of $202.50 million, a P/E ratio of -1.25 and a beta of 2.24. The Children’s Place, Inc. has a 1-year low of $4.77 and a 1-year high of $38.03.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of ($1.10) by $1.40. The business had revenue of $319.66 million for the quarter. Children’s Place had a negative return on equity of 4,732.98% and a negative net margin of 10.52%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PLCE shares. UBS Group decreased their price target on shares of Children’s Place from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. StockNews.com cut Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.

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.