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

B. Riley upgraded shares of Children’s Place (NASDAQ:PLCE) from a sell rating to a neutral rating in a research note released on Wednesday, Marketbeat reports. B. Riley currently has $7.00 price target on the stock, down from their previous price target of $12.00. B. Riley also issued estimates for Children’s Place’s Q4 2024 earnings at ($2.56) EPS, FY2024 earnings at ($3.45) EPS, Q1 2025 earnings at ($1.03) EPS, Q2 2025 earnings at ($1.26) EPS, Q3 2025 earnings at $2.40 EPS, Q4 2025 earnings at ($0.11) EPS, FY2025 earnings at $0.00 EPS, Q1 2026 earnings at ($0.34) EPS, Q2 2026 earnings at ($0.72) EPS, Q3 2026 earnings at $2.98 EPS, Q4 2026 earnings at $0.41 EPS and FY2026 earnings at $2.33 EPS.

PLCE has been the topic of several other research reports. Monness Crespi & Hardt lowered shares of Children’s Place from a buy rating to a neutral rating in a research report on Friday, February 9th. Telsey Advisory Group dropped their target price on shares of Children’s Place from $24.00 to $13.00 and set a market perform rating on the stock in a research report on Monday, February 12th. Finally, StockNews.com lowered shares of Children’s Place from a hold rating to a sell rating in a research report on Tuesday, February 20th.

Children’s Place Trading Up 3.5 %

PLCE stock opened at $7.09 on Wednesday. The firm’s fifty day moving average is $13.15 and its 200 day moving average is $19.69. Children’s Place has a one year low of $6.68 and a one year 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.

Insider Buying and Selling

In other Children’s Place news, major shareholder Mithaq Capital Spc purchased 1,566,475 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $15.80 per share, for a total transaction of $24,750,305.00. Following the completion of the transaction, the insider now owns 4,663,743 shares of the company’s stock, valued at approximately $73,687,139.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Children’s Place

A number of institutional investors have recently bought and sold shares of the company. Mithaq Capital SPC raised its stake in Children’s Place by 1,932.4% during the first quarter. Mithaq Capital SPC now owns 7,001,387 shares of the company’s stock worth $80,796,000 after purchasing an additional 6,656,894 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $7,229,000 after acquiring an additional 48,964 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of Children’s Place by 181.3% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 150,601 shares of the company’s stock valued at $4,071,000 after acquiring an additional 97,064 shares during the period. Partnership Wealth Management LLC raised its stake in shares of Children’s Place by 80.3% in the 1st quarter. Partnership Wealth Management LLC now owns 129,660 shares of the company’s stock valued at $1,496,000 after acquiring an additional 57,740 shares during the period. Finally, Towerview LLC raised its stake in shares of Children’s Place by 10.5% in the 4th quarter. Towerview LLC now owns 84,000 shares of the company’s stock valued at $1,950,000 after acquiring an additional 8,000 shares during the period.

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.