KBC Group NV decreased its position in shares of Childrens Place Inc (NASDAQ:PLCE) by 39.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,066 shares of the company’s stock after selling 25,692 shares during the quarter. KBC Group NV’s holdings in Childrens Place were worth $5,678,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its holdings in shares of Childrens Place by 5.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the company’s stock worth $1,090,000 after purchasing an additional 400 shares during the period. TrimTabs Asset Management LLC lifted its holdings in shares of Childrens Place by 17.1% during the third quarter. TrimTabs Asset Management LLC now owns 3,220 shares of the company’s stock worth $380,000 after purchasing an additional 471 shares during the period. Vident Investment Advisory LLC lifted its holdings in shares of Childrens Place by 2.1% during the third quarter. Vident Investment Advisory LLC now owns 25,488 shares of the company’s stock worth $3,011,000 after purchasing an additional 520 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Childrens Place by 18.9% during the third quarter. Wedge Capital Management L L P NC now owns 4,529 shares of the company’s stock worth $535,000 after purchasing an additional 719 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of Childrens Place by 5.7% during the third quarter. American International Group Inc. now owns 13,713 shares of the company’s stock worth $1,620,000 after purchasing an additional 737 shares during the period.
A number of equities research analysts recently commented on the company. Telsey Advisory Group lifted their target price on Childrens Place from $140.00 to $164.00 and gave the stock an “outperform” rating in a report on Tuesday, January 2nd. SunTrust Banks lifted their target price on Childrens Place to $157.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. They noted that the move was a valuation call. BidaskClub upgraded Childrens Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. BMO Capital Markets set a $130.00 price target on Childrens Place and gave the company a “hold” rating in a research report on Tuesday, December 19th. Finally, B. Riley reiterated a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Childrens Place currently has an average rating of “Buy” and a consensus price target of $139.15.
Childrens Place Inc (NASDAQ PLCE) opened at $149.15 on Friday. The firm has a market capitalization of $2,594.61, a P/E ratio of 20.52, a P/E/G ratio of 1.84 and a beta of 0.23. Childrens Place Inc has a 12-month low of $94.95 and a 12-month high of $161.65.
Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.12. The company had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. Childrens Place’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $2.29 earnings per share. analysts expect that Childrens Place Inc will post 7.87 EPS for the current fiscal year.
Childrens Place Company 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.
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