The Children's Place President And CEO Jane Elfers To Depart, Appoints Muhammad Umair As The New President And Interim CEO, Effective May 20, 2024

5/21/24 12:46:31 PM ET

Clothing/Shoe/Accessory Stores

Consumer Discretionary

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The Children's Place, Inc. (NASDAQ:PLCE), an omni-channel children's specialty portfolio of brands with an industry-leading digital-first model, today announced the departure of Jane Elfers, President and CEO, and announced the appointment of Muhammad Umair as the new President and Interim CEO, effective May 20, 2024.

The Company thanks Jane for her dedication to the Company and wishes her well in her next chapter. Jane Elfers said, "I want to thank the entire team at The Children's Place for their hard work and dedication, and I wish them the best of luck."

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Recent Analyst Ratings for
$PLCE

Date	Price Target	Rating	Analyst
5/7/2024	$13.00 → $9.00	Market Perform	Telsey Advisory Group
4/24/2024	$12.00 → $7.00	Sell → Neutral	B. Riley Securities
2/13/2024	$19.00 → $4.00	Neutral → Sell	B. Riley Securities
2/9/2024		Buy → Neutral	Monness Crespi & Hardt
11/20/2023	$45.00 → $19.00	Buy → Neutral	B. Riley Securities
11/17/2023	$36.00 → $30.00	Buy	Monness Crespi & Hardt
8/18/2023	$30.00 → $36.00	Buy	Monness Crespi & Hardt
5/11/2023	$50.00	Buy	B. Riley Securities

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The Children's Place President And CEO Jane Elfers To Depart, Appoints Muhammad Umair As The New President And Interim CEO, Effective May 20, 2024

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Recent Analyst Ratings for $PLCE

$PLCE SEC Filings

SEC Form S-1 filed by Children's Place Inc.

Children's Place Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

SEC Form 10-Q filed by Children's Place Inc.

$PLCE Press Releases

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AIMIA AND MITHAQ SIGN COOPERATION AGREEMENT

Mithaq Announces Nominees for Election to the Board of Directors of Aimia

Kidpik and Nina Footwear Announce Entry Into Definitive Merger Agreement

$PLCE Analyst Ratings

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Telsey Advisory Group reiterated coverage on The Children's Place with a new price target

The Children's Place upgraded by B. Riley Securities with a new price target

The Children's Place downgraded by B. Riley Securities with a new price target

$PLCE Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Children's Place Inc.

Amendment: SEC Form SC 13D/A filed by Children's Place Inc.

Amendment: SEC Form SC 13D/A filed by Children's Place Inc.

$PLCE Market Insights

Live Market Insights

Children's Place Q1 Comparable Retail Sales Decrease 11.7%

Children's Place Q1 Adj EPS $(1.18) Vs $(2.00) Last Year; Sales $267.88M, Down From $321.64M Last Year

UBS Maintains Neutral on Children's Place, Lowers Price Target to $12

$PLCE Leadership Updates

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AIMIA AND MITHAQ SIGN COOPERATION AGREEMENT

Mithaq Announces Nominees for Election to the Board of Directors of Aimia

$PLCE Insider Purchases

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Mithaq Capital Spc bought $10,779,027 worth of shares (966,344 units at $11.15) (SEC Form 4) (Amendment)

Mithaq Capital Spc bought $24,749,525 worth of shares (1,566,475 units at $15.80) and exercised 1,121,300 in-the-money shares at a strike of $16.57 (SEC Form 4) (Amendment)

Mithaq Capital Spc bought $20,387,178 worth of shares (1,849,397 units at $11.02) (SEC Form 4) (Amendment)

$PLCE Insider Trading

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$PLCE Financials

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CAO, GEN COUNSEL & SECRETARY Shure Jared was granted 40,000 shares, increasing direct ownership by 226% to 57,704 units (SEC Form 4)

PRESIDENT AND INTERIM CEO Umair Muhammad was granted 80,000 shares, increasing direct ownership by 1,788% to 84,474 units (SEC Form 4)

BRAND PRESIDENT Lima-Guinehut Claudia was granted 60,000 shares (SEC Form 4)

Macellum Issues Letter to Fellow Shareholders Regarding its Desire to Collaborate with the Kohl's Board of Directors on an Immediate and Targeted Refresh

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