Childrens Place Inc (NASDAQ:PLCE) Position Lessened by Stifel Financial Corp

Stifel Financial Corp decreased its stake in Childrens Place Inc (NASDAQ:PLCE) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,910 shares of the company’s stock after selling 8,812 shares during the period. Stifel Financial Corp owned 0.89% of Childrens Place worth $10,767,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLCE. Captrust Financial Advisors acquired a new stake in Childrens Place in the 2nd quarter valued at approximately $32,000. Ladenburg Thalmann Financial Services Inc. increased its position in Childrens Place by 229.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 570 shares of the company’s stock valued at $55,000 after acquiring an additional 397 shares during the period. Anderson Fisher LLC acquired a new stake in Childrens Place in the 2nd quarter valued at approximately $80,000. US Bancorp DE increased its position in Childrens Place by 128.7% in the 2nd quarter. US Bancorp DE now owns 901 shares of the company’s stock valued at $86,000 after acquiring an additional 507 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Childrens Place by 15.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099 shares of the company’s stock valued at $105,000 after acquiring an additional 150 shares during the period.

PLCE has been the topic of several analyst reports. Wolfe Research lowered their target price on Childrens Place from $137.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Zacks Investment Research raised their target price on Childrens Place to $106.75 in a research report on Tuesday, October 15th. DA Davidson set a $135.00 target price on Childrens Place and gave the company a “buy” rating in a research report on Friday, September 13th. Deutsche Bank upgraded Childrens Place from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, August 15th. Finally, ValuEngine cut Childrens Place from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Childrens Place presently has a consensus rating of “Buy” and an average target price of $112.34.

Shares of PLCE stock opened at $69.32 on Tuesday. Childrens Place Inc has a 1 year low of $68.25 and a 1 year high of $132.32. The stock has a market cap of $1.13 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.53 and a beta of 0.72. The business’s fifty day moving average is $77.92 and its 200-day moving average is $86.95. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.20 and a current ratio of 0.77.

Childrens Place 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.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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Institutional Ownership by Quarter for Childrens Place (NASDAQ:PLCE)

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