Royce & Associates LP trimmed its holdings in Childrens Place Inc (NASDAQ:PLCE) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100,689 shares of the company’s stock after selling 51,274 shares during the quarter. Childrens Place comprises approximately 1.1% of Royce & Associates LP’s portfolio, making the stock its largest holding. Royce & Associates LP owned approximately 6.33% of Childrens Place worth $159,985,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PLCE. Royal Bank of Canada increased its holdings in shares of Childrens Place by 28.0% during the 2nd quarter. Royal Bank of Canada now owns 18,188 shares of the company’s stock worth $1,856,000 after buying an additional 3,975 shares during the last quarter. State Street Corp increased its holdings in shares of Childrens Place by 3.9% during the 2nd quarter. State Street Corp now owns 514,897 shares of the company’s stock worth $52,568,000 after buying an additional 19,326 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Childrens Place during the 2nd quarter worth approximately $390,000. Navellier & Associates Inc increased its holdings in shares of Childrens Place by 1.9% during the 2nd quarter. Navellier & Associates Inc now owns 3,399 shares of the company’s stock worth $347,000 after buying an additional 65 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new stake in shares of Childrens Place during the 3rd quarter worth approximately $10,799,000.
PLCE has been the subject of a number of recent analyst reports. B. Riley restated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. Buckingham Research raised their price target on shares of Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Chardan Capital reiterated a “buy” rating and issued a $156.00 target price (up previously from $130.00) on shares of Childrens Place in a report on Wednesday, January 10th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $112.00 target price on shares of Childrens Place in a report on Thursday, November 2nd. 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $139.15.
Shares of Childrens Place Inc (PLCE) opened at $149.15 on Friday. Childrens Place Inc has a 1-year low of $94.95 and a 1-year high of $161.65. The firm has a market cap of $2,622.38, a P/E ratio of 20.74, a P/E/G ratio of 1.86 and a beta of 0.23.
Childrens Place (NASDAQ:PLCE) last posted its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.46 by $0.12. The firm had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.29 EPS. research analysts expect that Childrens Place Inc will post 7.87 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This story was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://www.thelincolnianonline.com/2018/02/17/childrens-place-inc-plce-shares-sold-by-royce-associates-lp.html.
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.
Receive News & Ratings for Childrens Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place and related companies with MarketBeat.com's FREE daily email newsletter.