Children’s Place Target of Unusually Large Options Trading (NASDAQ:PLCE)

The Children’s Place, Inc. (NASDAQ:PLCE) was the target of some unusual options trading on Monday. Stock investors purchased 5,000 put options on the company. This represents an increase of 340% compared to the average volume of 1,137 put options.

Wall Street Analyst Weigh In

Separately, UBS Group boosted their target price on Children’s Place from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Children’s Place presently has an average rating of “Reduce” and an average price target of $4.00.

Institutional Investors Weigh In On Children’s Place

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its stake in shares of Children’s Place by 1,687.2% during the 4th quarter. Barclays PLC now owns 7,846 shares of the company’s stock worth $31,000 after acquiring an additional 7,407 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Children’s Place in the 3rd quarter valued at $37,000. Jump Financial LLC purchased a new stake in Children’s Place in the fourth quarter worth $46,000. Keel Point LLC purchased a new stake in Children’s Place in the third quarter worth $69,000. Finally, Engineers Gate Manager LP purchased a new stake in Children’s Place in the fourth quarter worth $81,000.

Children’s Place Trading Up 0.5%

Children’s Place stock opened at $3.06 on Wednesday. The firm has a 50-day moving average price of $3.40 and a 200-day moving average price of $3.87. The firm has a market capitalization of $68.17 million, a PE ratio of -0.63 and a beta of 1.90. Children’s Place has a 12-month low of $2.76 and a 12-month high of $9.56.

Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings results on Friday, June 12th. The company reported ($2.00) EPS for the quarter, beating the consensus estimate of ($2.15) by $0.15. The firm had revenue of $215.23 million for the quarter, compared to the consensus estimate of $198.32 million.

About Children’s Place

The Children’s Place, Inc (NASDAQ: PLCE) is a leading specialty retailer of children’s apparel, footwear and accessories, operating an omnichannel platform that serves families across North America. Headquartered in Secaucus, New Jersey, the company combines an extensive network of brick-and-mortar stores with a full-service e-commerce site to deliver a wide range of private-label products for newborns, toddlers and kids up to pre-teen. By focusing on value-priced, fashion-forward merchandise, The Children’s Place has built a recognizable brand in the youth apparel market.

The company’s product portfolio encompasses core categories such as tops, bottoms, sleepwear and outerwear, along with footwear and seasonal accessories.