First Trust Advisors LP decreased its holdings in shares of Childrens Place Inc (NASDAQ:PLCE) by 45.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,748 shares of the company’s stock after selling 8,019 shares during the quarter. First Trust Advisors LP owned about 0.06% of Childrens Place worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in shares of Childrens Place by 11.6% during the 2nd quarter. Alps Advisors Inc. now owns 4,072 shares of the company’s stock valued at $592,000 after acquiring an additional 423 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Childrens Place by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 36,511 shares of the company’s stock valued at $4,456,000 after acquiring an additional 427 shares in the last quarter. Sapphire Star Partners LP lifted its holdings in shares of Childrens Place by 7.2% during the 2nd quarter. Sapphire Star Partners LP now owns 6,974 shares of the company’s stock valued at $842,000 after acquiring an additional 470 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in shares of Childrens Place by 17.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 3,156 shares of the company’s stock valued at $381,000 after acquiring an additional 477 shares in the last quarter. Finally, Putnam Investments LLC increased its stake in Childrens Place by 0.6% during the 2nd quarter. Putnam Investments LLC now owns 82,617 shares of the company’s stock worth $9,980,000 after buying an additional 500 shares during the period.
Several research firms recently issued reports on PLCE. Telsey Advisory Group reaffirmed an “outperform” rating and set a $140.00 price target (down previously from $170.00) on shares of Childrens Place in a research note on Friday. Monness Crespi & Hardt dropped their price target on shares of Childrens Place from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. BidaskClub downgraded shares of Childrens Place from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine downgraded shares of Childrens Place from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Wolfe Research reaffirmed a “peer perform” rating and set a $135.00 price target (down previously from $169.00) on shares of Childrens Place in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $145.64.
Childrens Place stock opened at $102.28 on Friday. Childrens Place Inc has a 12-month low of $99.54 and a 12-month high of $161.65. The firm has a market cap of $2.02 billion, a P/E ratio of 12.93, a PEG ratio of 1.85 and a beta of 0.17.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Thursday, December 6th. The company reported $3.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.07. The firm had revenue of $522.50 million for the quarter, compared to the consensus estimate of $511.19 million. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 EPS. As a group, analysts expect that Childrens Place Inc will post 8.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, December 14th. Childrens Place’s payout ratio is currently 25.28%.
About Childrens Place
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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