Texas Permanent School Fund lowered its stake in Childrens Place Inc (NASDAQ:PLCE) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,319 shares of the company’s stock after selling 421 shares during the period. Texas Permanent School Fund owned 0.06% of Childrens Place worth $1,319,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new position in Childrens Place during the second quarter valued at $110,000. Point72 Hong Kong Ltd purchased a new position in Childrens Place during the second quarter valued at $138,000. BKS Advisors LLC purchased a new position in Childrens Place during the second quarter valued at $242,000. Cim Investment Mangement Inc. purchased a new position in Childrens Place during the second quarter valued at $260,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Childrens Place during the second quarter valued at $272,000.
In other news, insider Jane T. Elfers sold 100,000 shares of Childrens Place stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $134.93, for a total value of $13,493,000.00. Following the completion of the transaction, the insider now owns 141,491 shares of the company’s stock, valued at approximately $19,091,380.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.80% of the stock is owned by insiders.
PLCE opened at $146.90 on Friday. The stock has a market capitalization of $2.33 billion, a PE ratio of 18.53, a P/E/G ratio of 2.16 and a beta of 0.20. Childrens Place Inc has a 1 year low of $111.85 and a 1 year high of $161.65.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Thursday, August 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.11. The firm had revenue of $448.70 million during the quarter, compared to analyst estimates of $427.89 million. Childrens Place had a return on equity of 33.17% and a net margin of 3.76%. Childrens Place’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. As a group, research analysts expect that Childrens Place Inc will post 8.23 earnings per share for the current year.
Several equities analysts have commented on the company. BidaskClub lowered Childrens Place from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. ValuEngine lowered Childrens Place from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Monness Crespi & Hardt raised Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Friday, August 24th. They noted that the move was a valuation call. Finally, Bank of America raised Childrens Place from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Childrens Place presently has an average rating of “Buy” and a consensus price target of $148.91.
Childrens Place Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.
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