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 activity on Monday. Stock traders acquired 5,000 put options on the stock. This represents an increase of approximately 340% compared to the average volume of 1,137 put options.

Children’s Place Stock Performance

Shares of PLCE traded up $0.14 on Monday, reaching $2.98. The stock had a trading volume of 516,731 shares, compared to its average volume of 421,277. The firm has a market capitalization of $66.16 million, a price-to-earnings ratio of -0.62 and a beta of 1.90. The company has a 50-day simple moving average of $3.42 and a 200-day simple moving average of $3.94. 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) earnings per share for the quarter, topping the consensus estimate of ($2.15) by $0.15. The firm had revenue of $215.23 million during the quarter, compared to analysts’ expectations of $198.32 million.

Analyst Upgrades and Downgrades

Separately, UBS Group raised their target price on shares of Children’s Place from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. One research 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 presently has a consensus rating of “Reduce” and an average price target of $4.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in Children’s Place by 98.6% in the first quarter. Bank of America Corp DE now owns 57,054 shares of the company’s stock worth $192,000 after purchasing an additional 28,322 shares during the period. Virtu Financial LLC purchased a new stake in shares of Children’s Place in the 4th quarter worth approximately $208,000. Invesco Ltd. increased its position in Children’s Place by 8.5% during the 4th quarter. Invesco Ltd. now owns 68,004 shares of the company’s stock valued at $271,000 after buying an additional 5,313 shares in the last quarter. Prentice Capital Management LP increased its position in Children’s Place by 21.5% during the 4th quarter. Prentice Capital Management LP now owns 70,124 shares of the company’s stock valued at $279,000 after buying an additional 12,427 shares in the last quarter. Finally, Immersion Corp purchased a new position in Children’s Place during the fourth quarter valued at $1,886,000.

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.