State of Tennessee Treasury Department Decreases Holdings in Children’s Place, Inc. (The) (PLCE)

State of Tennessee Treasury Department trimmed its stake in Children’s Place, Inc. (The) (NASDAQ:PLCE) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,529 shares of the company’s stock after selling 982 shares during the period. State of Tennessee Treasury Department owned approximately 0.09% of Children’s Place worth $1,835,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PLCE. Riverhead Capital Management LLC increased its position in shares of Children’s Place by 80.7% in the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock worth $129,000 after purchasing an additional 565 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Children’s Place during the second quarter valued at approximately $182,000. Flinton Capital Management LLC grew its position in Children’s Place by 70.0% during the second quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after acquiring an additional 784 shares during the last quarter. Hanseatic Management Services Inc. grew its position in Children’s Place by 0.7% during the second quarter. Hanseatic Management Services Inc. now owns 2,085 shares of the company’s stock valued at $213,000 after acquiring an additional 14 shares during the last quarter. Finally, Csenge Advisory Group bought a new position in Children’s Place during the third quarter valued at approximately $231,000.

A number of brokerages have commented on PLCE. BMO Capital Markets set a $112.00 price target on shares of Children’s Place and gave the company a “hold” rating in a research report on Sunday, September 10th. BidaskClub upgraded shares of Children’s Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. B. Riley reiterated a “buy” rating on shares of Children’s Place in a research report on Wednesday, November 1st. Buckingham Research increased their price target on shares of Children’s Place from $139.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, Telsey Advisory Group increased their price target on shares of Children’s Place from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $131.67.

Children’s Place, Inc. (PLCE) traded up $1.10 during trading hours on Wednesday, hitting $135.00. The stock had a trading volume of 328,377 shares, compared to its average volume of 530,275. Children’s Place, Inc. has a 52-week low of $92.95 and a 52-week high of $139.95. The stock has a market capitalization of $2,371.88, a price-to-earnings ratio of 18.75, a PEG ratio of 2.01 and a beta of 0.33.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Children’s Place had a return on equity of 26.58% and a net margin of 7.07%. The company had revenue of $490.00 million during the quarter, compared to analyst estimates of $480.28 million. During the same quarter last year, the firm posted $2.29 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. sell-side analysts forecast that Children’s Place, Inc. will post 7.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, December 12th. Children’s Place’s payout ratio is 22.66%.

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Children’s Place Profile

The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.

Institutional Ownership by Quarter for Children`s Place (NASDAQ:PLCE)

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