Vident Investment Advisory LLC grew its stake in shares of Childrens Place Inc (NASDAQ:PLCE) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,743 shares of the company’s stock after buying an additional 2,255 shares during the period. Vident Investment Advisory LLC owned approximately 0.16% of Childrens Place worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of PLCE. Harvest Fund Management Co. Ltd bought a new position in Childrens Place during the fourth quarter worth about $143,000. Cubist Systematic Strategies LLC bought a new position in Childrens Place during the third quarter worth about $171,000. Everence Capital Management Inc. acquired a new stake in shares of Childrens Place during the fourth quarter worth about $202,000. Shelton Capital Management acquired a new stake in shares of Childrens Place during the third quarter worth about $206,000. Finally, ARP Americas LP acquired a new stake in shares of Childrens Place during the fourth quarter worth about $206,000.
A number of equities research analysts have recently commented on the company. BidaskClub lowered Childrens Place from a “buy” rating to a “hold” rating in a research report on Saturday, March 10th. ValuEngine lowered Childrens Place from a “buy” rating to a “hold” rating in a research report on Tuesday. Cowen assumed coverage on Childrens Place in a research report on Thursday, March 1st. They set an “outperform” rating and a $160.00 price target on the stock. Chardan Capital reaffirmed a “buy” rating and set a $156.00 price target (up previously from $130.00) on shares of Childrens Place in a research report on Wednesday, January 10th. Finally, BMO Capital Markets set a $121.00 price target on Childrens Place and gave the stock a “hold” rating in a research report on Friday, November 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $145.80.
Shares of Childrens Place Inc (NASDAQ PLCE) opened at $137.80 on Friday. Childrens Place Inc has a 1 year low of $94.95 and a 1 year high of $161.65. The stock has a market capitalization of $2,406.67, a P/E ratio of 19.03, a P/E/G ratio of 1.72 and a beta of 0.30.
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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