Childrens Place Inc (NASDAQ:PLCE) Short Interest Up 5.2% in July

Childrens Place Inc (NASDAQ:PLCE) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 7,043,700 shares, an increase of 5.2% from the June 30th total of 6,693,500 shares. Based on an average daily trading volume, of 672,000 shares, the days-to-cover ratio is presently 10.5 days. Currently, 45.2% of the company’s stock are sold short.

NASDAQ PLCE traded up $1.24 during mid-day trading on Friday, reaching $79.10. 714,625 shares of the company’s stock traded hands, compared to its average volume of 699,611. Childrens Place has a 1-year low of $75.95 and a 1-year high of $160.23. The company has a fifty day simple moving average of $93.15 and a 200-day simple moving average of $96.75. The company has a current ratio of 0.79, a quick ratio of 0.22 and a debt-to-equity ratio of 1.31. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.63 and a beta of 0.83.

Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.89. Childrens Place had a return on equity of 27.26% and a net margin of 3.86%. The firm had revenue of $412.40 million during the quarter, compared to analyst estimates of $399.40 million. During the same quarter last year, the firm earned $1.87 EPS. Childrens Place’s quarterly revenue was down 5.5% on a year-over-year basis. Equities research analysts forecast that Childrens Place will post 6.34 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the company. Wedbush set a $130.00 target price on Childrens Place and gave the company a “buy” rating in a research note on Friday, June 21st. TheStreet lowered Childrens Place from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. B. Riley set a $122.00 price objective on Childrens Place and gave the company a “buy” rating in a research note on Tuesday, May 14th. ValuEngine lowered Childrens Place from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Finally, Bank of America set a $115.00 price objective on Childrens Place and gave the company a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $124.67.

In other news, SVP Claudia Lima-Guinehut sold 932 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $107.00, for a total value of $99,724.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund lifted its holdings in Childrens Place by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,272 shares of the company’s stock worth $610,000 after buying an additional 113 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Childrens Place by 15.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099 shares of the company’s stock worth $105,000 after buying an additional 150 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in Childrens Place by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,201 shares of the company’s stock worth $506,000 after buying an additional 172 shares during the last quarter. Rhumbline Advisers lifted its holdings in Childrens Place by 0.4% during the 1st quarter. Rhumbline Advisers now owns 47,699 shares of the company’s stock worth $4,640,000 after buying an additional 178 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. lifted its holdings in Childrens Place by 5.2% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,048 shares of the company’s stock worth $394,000 after buying an additional 199 shares during the last quarter.

Childrens Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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