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Why Are These Stocks Gaining Ground Today?

Next on our list of gainers is Childrens Place Inc (NASDAQ:PLCE), whose shares surged 11.7% after the company reported third quarter EPS of $1.93, beating analyst estimates by $0.01 per share. Although comparable retail sales retreated by 3% year-over-year, Childrens Place Inc (NASDAQ:PLCE)’s adjusted gross margin rate inched up 0.6 percentage points to 39.6% and its adjusted operating margin rate rose 0.8 percentage points to 13.1%. Guidance is solid with management expecting fourth quarter adjusted EPS to be in the range of $0.93 to $1.03, with comparable retail sales rising by low single digits. Joel Greenblatt’s Gotham Asset Management owned 370,558 shares of Childrens Place at the end of September.

Lastly, Live Ventures Inc (NASDAQ:LIVE) shares inched up modestly in afternoon trading after the company announced it had completed the purchase of the remaining 20% of Marquis Industries in a move that will enable Live Ventures to potentially make use of around $10 million in net operating losses in future years. Marquis is a high end residential carpet maker and specialty yarns manufacturer. Three funds among those we track reported stakes worth $78,000 in Live Ventures Inc (NASDAQ:LIVE) during the latest round of 13F filings.

Follow Childrens Place Inc. (NASDAQ:PLCE)
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Disclosure: None

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