Is Buying Stock Like Childrens Place Inc Good Idea After Today’s Bearish Options Activity?

 Is Buying Stock Like Childrens Place Inc Good Idea After Today's Bearish Options Activity?

In today’s session Childrens Place Inc (PLCE) recorded an unusually high (509) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious PLCE decrease. With 509 contracts traded and 644 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: PLCE161118P00077500 closed last at: $4.5 or 73.1% up. About 234,123 shares traded hands. Childrens Place Inc (NASDAQ:PLCE) has declined 5.73% since March 28, 2016 and is downtrending. It has underperformed by 10.45% the S&P500.

Childrens Place Inc (NASDAQ:PLCE) Ratings Coverage

Out of 10 analysts covering Children’s Place (NASDAQ:PLCE), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. Children’s Place has been the topic of 22 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Wednesday, December 9 by Telsey Advisory Group. Mizuho maintained the stock with “Buy” rating in Friday, December 4 report. Zacks upgraded it to “Hold” rating and $67 target price in Friday, August 14 report. On Tuesday, August 25 the stock rating was maintained by Mizuho with “In-Line”. The firm has “Outperform” rating given on Thursday, August 18 by FBR Capital. The firm has “Outperform” rating given on Tuesday, August 18 by Wolfe Research. The rating was upgraded by Piper Jaffray to “Overweight” on Thursday, March 17. The rating was downgraded by Oppenheimer to “Perform” on Wednesday, May 4. The stock of Childrens Place Inc (NASDAQ:PLCE) has “Outperform” rating given on Friday, January 15 by Oppenheimer. The company was upgraded on Wednesday, May 18 by Goldman Sachs.

According to Zacks Investment Research, “The Children’s Place Retail Stores, Inc. is a growing specialty retailer of apparel and accessories for children from newborn to twelve years of age. The company designs, sources and markets the products under the proprietary The Children’s Place brand name for sale exclusively in the stores. The merchandising objective is to provide the customers with high-quality, fashionable products at prices that represent substantial value relative to the competitors.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.54, from 1.36 in 2016Q1. The ratio dropped, as 29 funds sold all Childrens Place Inc shares owned while 80 reduced positions. 35 funds bought stakes while 54 increased positions. They now own 21.29 million shares or 21.17% less from 27.01 million shares in 2016Q1.
Cornerstone Cap Mgmt Hldgs accumulated 3,400 shares or 0% of the stock. The Pennsylvania-based Sei Invs Co has invested 0.02% in Childrens Place Inc (NASDAQ:PLCE). Rhumbline Advisers has 27,438 shares for 0.01% of their US portfolio. Moreover, California State Teachers Retirement Sys has 0.01% invested in Childrens Place Inc (NASDAQ:PLCE) for 39,279 shares. Hancock Holding accumulated 0.04% or 11,152 shares. Jacobs Levy Equity Mgmt has 0.09% invested in the company for 51,716 shares. Arizona State Retirement System has invested 0.01% of its portfolio in Childrens Place Inc (NASDAQ:PLCE). Clarivest Asset Mgmt Lc accumulated 0% or 189 shares. Moreover, Bessemer Gru Inc has 0% invested in Childrens Place Inc (NASDAQ:PLCE) for 69 shares. Tyvor Capital Ltd Liability Company last reported 28,022 shares in the company. Paradigm Asset Mgmt Limited Liability Co holds 8,100 shares or 0% of its portfolio. The New York-based Hudson Bay Mngmt Limited Partnership has invested 0.02% in Childrens Place Inc (NASDAQ:PLCE). Moreover, Marshall Wace Llp has 0.05% invested in Childrens Place Inc (NASDAQ:PLCE) for 69,412 shares. Moreover, Thrivent Financial For Lutherans has 0.01% invested in Childrens Place Inc (NASDAQ:PLCE) for 20,110 shares. Employees Retirement Association Of Colorado, a Colorado-based fund reported 161,100 shares.

Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 8 insider sales for $2.81 million net activity. Shares for $116,428 were sold by POOLE GREGORY I. Shares for $52,099 were sold by LOW KEVIN on Monday, May 9. MATTHEWS NORMAN S sold $375 worth of stock or 5 shares. The insider ALUTTO JOSEPH A sold $1.11M. SCARPA MICHAEL had sold 15,463 shares worth $1.32M. PRUTHI ANURUP also sold $50,490 worth of Childrens Place Inc (NASDAQ:PLCE) on Monday, September 19.

The Children’s Place, Inc. is a pure-play children’s specialty apparel retailer in North America. The company has a market cap of $1.37 billion. The Firm sells apparel, accessories, footwear and other items for children. It has a 18.48 P/E ratio. The Firm operates through two divisions: The Children’s Place U.S. and The Children’s Place International.

PLCE Company Profile

The Children’s Place, Inc. (The Children’s Place), incorporated on June 3, 1988, is a pure-play children’s specialty apparel retailer in North America. The Firm sells apparel, accessories, footwear and other items for children. The Firm operates through two divisions: The Children’s Place U.S. and The Children’s Place International. The Children’s Place U.S. segment includes the United States and Puerto Rico stores and revenue from the United States wholesale customers. The Children’s Place International segment includes its Canadian stores, revenue from the Company’s Canada wholesale customer, as well as revenue from international franchisees. The Firm designs, contracts to manufacture and licenses to sell merchandise under brand names, such as The Children’s Place, Place and Baby Place. The Children’s Place has various departments and serves the wardrobe needs of girls and boys (sizes 4 to 14), toddler girls and boys (sizes 12 months to 5T), and baby (sizes 0 to 18 months).

More important recent Childrens Place Inc (NASDAQ:PLCE) news were published by: Investorplace.com which released: “Hottest Retail Trade Stocks Now – TLYS CONN PLCE AAP” on June 15, 2016, also Forbes.com published article titled: “Children’s Place is Now Oversold (PLCE)”, Bloomberg.com published: “Urban Outfitters, Children’s Place Defy Apparel Field’s Woes” on August 17, 2016. More interesting news about Childrens Place Inc (NASDAQ:PLCE) was released by: Wsj.com and their article: “Children’s Place Boosts Forecast as Profit, Sales Climb” with publication date: May 17, 2016.

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