Children’s Place Sees Unusually Large Options Volume (NASDAQ:PLCE)

The Children’s Place, Inc. (NASDAQ:PLCE) was the recipient of unusually large options trading activity on Monday. Traders bought 5,000 put options on the stock. This is an increase of 340% compared to the average volume of 1,137 put options.

Children’s Place Stock Up 5.1%

Shares of Children’s Place stock traded up $0.14 on Monday, hitting $2.98. The stock had a trading volume of 516,731 shares, compared to its average volume of 421,277. Children’s Place has a one year low of $2.76 and a one year high of $9.56. The stock’s 50-day simple moving average is $3.42 and its two-hundred day simple moving average is $3.94. The stock has a market cap of $66.16 million, a price-to-earnings ratio of -0.62 and a beta of 1.90.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Friday, June 12th. The company reported ($2.00) earnings per share 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 analysts’ expectations of $198.32 million.

Institutional Trading of Children’s Place

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

Analyst Upgrades and Downgrades

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

Children’s Place Company Profile

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.