Traders Buy High Volume of Children’s Place Call Options (NASDAQ:PLCE)

The Children’s Place, Inc. (NASDAQ:PLCE) was the recipient of some unusual options trading activity on Monday. Investors bought 3,077 call options on the company. This represents an increase of approximately 41% compared to the average daily volume of 2,187 call options.

Insider Activity at Children’s Place

In other news, CEO Muhammad Umair acquired 7,143 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was bought at an average price of $7.00 per share, with a total value of $50,001.00. Following the transaction, the chief executive officer directly owned 277,667 shares in the company, valued at approximately $1,943,669. The trade was a 2.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of Children’s Place

A number of institutional investors have recently modified their holdings of the stock. Immersion Corp acquired a new stake in shares of Children’s Place during the 2nd quarter worth $2,530,000. Shay Capital LLC lifted its position in Children’s Place by 897.1% during the second quarter. Shay Capital LLC now owns 308,322 shares of the company’s stock worth $1,366,000 after purchasing an additional 277,401 shares during the period. Bank of America Corp DE grew its stake in Children’s Place by 147.8% during the third quarter. Bank of America Corp DE now owns 98,851 shares of the company’s stock worth $614,000 after buying an additional 58,954 shares in the last quarter. Prentice Capital Management LP acquired a new stake in Children’s Place during the third quarter worth about $358,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in Children’s Place by 416.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 64,600 shares of the company’s stock valued at $565,000 after buying an additional 52,100 shares during the period.

Children’s Place Stock Up 1.5%

Shares of PLCE opened at $7.35 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.17 and a debt-to-equity ratio of 75.63. Children’s Place has a 12 month low of $3.66 and a 12 month high of $12.62. The firm’s 50 day moving average is $7.80 and its 200-day moving average is $6.19. The stock has a market capitalization of $162.95 million, a PE ratio of -8.55 and a beta of 1.84.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Children’s Place in a research report on Tuesday, October 14th. UBS Group increased their target price on Children’s Place from $7.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Children’s Place presently has a consensus rating of “Reduce” and an average price target of $8.00.

Children’s Place Company Profile

The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S.