Wells Fargo & Company MN lifted its holdings in Childrens Place Inc (NASDAQ:PLCE) by 55.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 193,395 shares of the company’s stock after purchasing an additional 69,306 shares during the period. Wells Fargo & Company MN owned about 1.11% of Childrens Place worth $28,112,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nationwide Fund Advisors raised its holdings in shares of Childrens Place by 131.0% in the third quarter. Nationwide Fund Advisors now owns 110,629 shares of the company’s stock valued at $13,071,000 after acquiring an additional 62,737 shares in the last quarter. Balter Liquid Alternatives LLC raised its holdings in Childrens Place by 81.3% in the fourth quarter. Balter Liquid Alternatives LLC now owns 6,572 shares of the company’s stock worth $955,000 after purchasing an additional 2,947 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its holdings in Childrens Place by 20.9% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 451,409 shares of the company’s stock worth $53,333,000 after purchasing an additional 77,882 shares in the last quarter. Royce & Associates LP raised its holdings in Childrens Place by 2.4% in the third quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock worth $136,104,000 after purchasing an additional 27,431 shares in the last quarter. Finally, 361 Capital LLC bought a new position in Childrens Place in the third quarter worth about $2,261,000.
A number of equities research analysts have recently weighed in on PLCE shares. B. Riley set a $130.00 price target on Childrens Place and gave the stock a “buy” rating in a research note on Wednesday, November 15th. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Telsey Advisory Group boosted their price target on Childrens Place from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Buckingham Research upped their target price on Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, BMO Capital Markets set a $121.00 price objective on Childrens Place and gave the company a “hold” rating in a research note on Friday, November 17th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $145.80.
Childrens Place Inc (NASDAQ PLCE) traded up $6.05 during trading on Wednesday, hitting $137.80. The company had a trading volume of 461,609 shares, compared to its average volume of 394,422. Childrens Place Inc has a 12-month low of $94.95 and a 12-month high of $161.65. The stock has a market capitalization of $2,379.71, a P/E ratio of 19.48, a PEG ratio of 1.70 and a beta of 0.30.
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About Childrens Place
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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