Two Sigma Advisers LP purchased a new stake in Childrens Place Inc (NASDAQ:PLCE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,600 shares of the company’s stock, valued at approximately $775,000.
Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in Childrens Place by 30.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 953 shares of the company’s stock valued at $86,000 after purchasing an additional 223 shares in the last quarter. Quantamental Technologies LLC acquired a new position in Childrens Place in the fourth quarter valued at about $92,000. Bruderman Asset Management LLC acquired a new position in Childrens Place in the fourth quarter valued at about $92,000. ClariVest Asset Management LLC acquired a new position in Childrens Place in the fourth quarter valued at about $108,000. Finally, LS Investment Advisors LLC raised its stake in Childrens Place by 169.5% in the fourth quarter. LS Investment Advisors LLC now owns 1,412 shares of the company’s stock valued at $127,000 after purchasing an additional 888 shares in the last quarter.
A number of research firms recently commented on PLCE. ValuEngine raised Childrens Place from a “sell” rating to a “hold” rating in a research note on Saturday, March 30th. BidaskClub raised Childrens Place from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Bank of America reissued a “neutral” rating and set a $105.00 target price (up previously from $95.00) on shares of Childrens Place in a research note on Friday, April 5th. Deutsche Bank began coverage on Childrens Place in a research note on Tuesday. They set a “hold” rating for the company. Finally, Wedbush lowered their target price on Childrens Place from $165.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $119.86.
Shares of NASDAQ PLCE opened at $107.95 on Wednesday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. Childrens Place Inc has a 12 month low of $82.05 and a 12 month high of $160.23.
Childrens Place (NASDAQ:PLCE) last issued its earnings results on Monday, March 4th. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.00). The business had revenue of $530.56 million for the quarter, compared to analyst estimates of $553.06 million. Childrens Place had a return on equity of 34.25% and a net margin of 5.21%. The firm’s revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.52 EPS. Sell-side analysts forecast that Childrens Place Inc will post 5.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.56 per share. This is an increase from Childrens Place’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.24 annualized dividend and a yield of 2.08%. Childrens Place’s payout ratio is presently 33.19%.
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Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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