What’s Next for Childrens Place Inc After Today’s Bullish Options Activity?

 What's Next for Childrens Place Inc After Today's Bullish Options Activity?

In today’s session Childrens Place Inc (PLCE) registered an unusually high (407) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PLCE increase. With 407 contracts traded and 2744 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PLCE161118C00080000 closed last at: $4.6 or 119% up. About 202,391 shares traded hands. Childrens Place Inc (NASDAQ:PLCE) has risen 7.44% since April 13, 2016 and is uptrending. It has outperformed by 3.51% the S&P500.

Childrens Place Inc (NASDAQ:PLCE) Ratings Coverage

Out of 10 analysts covering Children’s Place (NASDAQ:PLCE), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Children’s Place has been the topic of 23 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm earned “Peer Perform” rating on Monday, December 7 by Wolfe Research. The company was maintained on Friday, December 4 by Mizuho. Bank of America upgraded Childrens Place Inc (NASDAQ:PLCE) on Monday, November 14 to “Buy” rating. The stock of Childrens Place Inc (NASDAQ:PLCE) has “Hold” rating given on Friday, August 14 by Zacks. The rating was maintained by FBR Capital on Thursday, August 18 with “Outperform”. The firm has “Outperform” rating by Oppenheimer given on Monday, January 18. The rating was maintained by Mizuho on Tuesday, August 25 with “In-Line”. The rating was initiated by Wolfe Research with “Outperform” on Tuesday, August 18. The firm has “Overweight” rating given on Monday, January 11 by Morgan Stanley. The firm earned “Underperform” rating on Tuesday, October 27 by Bank of America.

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 Q2 2016. Its down 0.54, from 1.36 in 2016Q1. The ratio is negative, 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.
Paloma Prns Management Co owns 12,505 shares or 0.01% of their US portfolio. Swiss State Bank owns 33,600 shares or 0% of their US portfolio. Oberweis Asset Management accumulated 0.19% or 8,000 shares. Arizona State Retirement System has 9,844 shares for 0.01% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Buckingham Mgmt, a New York-based fund reported 140,000 shares. Invesco Limited accumulated 0% or 120,354 shares. Teachers has 202,935 shares for 0.03% of their US portfolio. Hennessy has 0.16% invested in the company for 65,800 shares. Moreover, Timpani Cap Mgmt Ltd has 1.4% invested in Childrens Place Inc (NASDAQ:PLCE) for 41,267 shares. Aqr Ltd has 0% invested in the company for 29,961 shares. Tyvor Cap Limited Liability Company holds 28,022 shares or 0.71% of its portfolio. Moreover, Acadian Asset Mngmt Ltd Liability has 0.09% invested in Childrens Place Inc (NASDAQ:PLCE) for 216,243 shares. Vanguard Grp has 0.01% invested in the company for 2.08 million shares. Blackrock Invest Management Ltd Liability last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 4 selling transactions for $2.48 million net activity. 15,000 shares were sold by ALUTTO JOSEPH A, worth $1.11M. SCARPA MICHAEL also sold $1.32 million worth of Childrens Place Inc (NASDAQ:PLCE) on Monday, August 22. Shares for $50,490 were sold by PRUTHI ANURUP. MATTHEWS NORMAN S sold $375 worth of stock or 5 shares.

The Children’s Place, Inc. is a pure-play children’s specialty apparel retailer in North America. The company has a market cap of $1.66 billion. The Firm sells apparel, accessories, footwear and other items for children. It has a 21.84 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: Bloomberg.com which released: “Urban Outfitters, Children’s Place Defy Apparel Field’s Woes” on August 17, 2016, also Wsj.com published article titled: “Children’s Place Boosts Forecast as Profit, Sales Climb”, Forbes.com published: “Children’s Place is Now Oversold (PLCE)” on October 18, 2016. More interesting news about Childrens Place Inc (NASDAQ:PLCE) was released by: Equitiesfocus.com and their article: “Dividend Payout Of Children’s Place, Inc. (The) (NASDAQ:PLCE) At $0.2” with publication date: November 15, 2016.

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