Childrens Place Inc (PLCE) Sees Significant Growth in Short Interest

Childrens Place Inc (NASDAQ:PLCE) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 3,852,876 shares, a growth of 35.2% from the January 31st total of 2,850,725 shares. Currently, 24.4% of the shares of the company are sold short. Based on an average daily volume of 701,888 shares, the short-interest ratio is currently 5.5 days.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Childrens Place by 2.3% during the third quarter. BlackRock Inc. now owns 2,336,783 shares of the company’s stock worth $298,641,000 after acquiring an additional 51,966 shares during the period. FMR LLC grew its holdings in Childrens Place by 27.9% during the fourth quarter. FMR LLC now owns 1,278,870 shares of the company’s stock worth $115,212,000 after acquiring an additional 278,872 shares during the period. Dimensional Fund Advisors LP grew its holdings in Childrens Place by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock worth $68,708,000 after acquiring an additional 6,015 shares during the period. Thrivent Financial for Lutherans grew its holdings in Childrens Place by 7.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 457,978 shares of the company’s stock worth $41,259,000 after acquiring an additional 33,422 shares during the period. Finally, Marshall Wace LLP grew its holdings in Childrens Place by 59.2% during the third quarter. Marshall Wace LLP now owns 429,954 shares of the company’s stock worth $54,948,000 after acquiring an additional 159,830 shares during the period.

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PLCE has been the topic of a number of research reports. ValuEngine lowered Childrens Place from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. BidaskClub lowered Childrens Place from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 8th. B. Riley reissued a “buy” rating on shares of Childrens Place in a report on Wednesday, November 14th. Citigroup increased their price objective on Childrens Place from $154.00 to $167.00 and gave the company a “buy” rating in a report on Monday, December 3rd. Finally, Wolfe Research reissued a “peer perform” rating and issued a $135.00 price objective (down from $169.00) on shares of Childrens Place in a report on Thursday, December 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $135.75.

Childrens Place stock opened at $94.60 on Monday. The stock has a market cap of $1.49 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.24 and a beta of 0.64. Childrens Place has a 52 week low of $84.46 and a 52 week high of $160.23.

Childrens Place (NASDAQ:PLCE) last posted its earnings results on Thursday, December 6th. The company reported $3.07 EPS for the quarter, hitting the consensus estimate of $3.07. The firm had revenue of $522.50 million for the quarter, compared to analyst estimates of $511.19 million. Childrens Place had a return on equity of 37.97% and a net margin of 4.00%. Childrens Place’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $2.58 earnings per share. Analysts predict that Childrens Place will post 7.8 EPS for the current year.

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About Childrens Place

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

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