Canada Pension Plan Investment Board Has $8.96 Million Position in Children’s Place, Inc. (The) (PLCE)

Canada Pension Plan Investment Board reduced its stake in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,800 shares of the company’s stock after selling 2,000 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.43% of Children’s Place, Inc. (The) worth $8,956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in shares of Children’s Place, Inc. (The) by 64.3% during the 3rd quarter. Victory Capital Management Inc. now owns 108,950 shares of the company’s stock worth $12,873,000 after purchasing an additional 42,630 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Children’s Place, Inc. (The) during the 3rd quarter worth $579,000. First Trust Advisors LP lifted its stake in shares of Children’s Place, Inc. (The) by 30.0% during the 3rd quarter. First Trust Advisors LP now owns 19,562 shares of the company’s stock worth $2,311,000 after purchasing an additional 4,516 shares during the last quarter. Boston Advisors LLC purchased a new stake in shares of Children’s Place, Inc. (The) during the 3rd quarter worth $10,325,000. Finally, Nationwide Fund Advisors lifted its stake in shares of Children’s Place, Inc. (The) by 131.0% during the 3rd quarter. Nationwide Fund Advisors now owns 110,629 shares of the company’s stock worth $13,071,000 after purchasing an additional 62,737 shares during the last quarter.

Shares of Children’s Place, Inc. (NASDAQ PLCE) opened at $113.50 on Friday. Children’s Place, Inc. has a 12 month low of $77.85 and a 12 month high of $125.30. The company has a market capitalization of $2,002.14, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.71 and a beta of 0.27.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. The business had revenue of $373.60 million for the quarter, compared to analyst estimates of $376.53 million. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.01) earnings per share. analysts expect that Children’s Place, Inc. will post 7.4 EPS for the current fiscal year.

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A number of brokerages recently weighed in on PLCE. B. Riley restated a “buy” rating on shares of Children’s Place, Inc. (The) in a research note on Wednesday, November 1st. FBR & Co restated a “buy” rating and set a $127.00 price objective on shares of Children’s Place, Inc. (The) in a research note on Monday, October 2nd. BMO Capital Markets set a $112.00 price objective on Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded Children’s Place, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Children’s Place, Inc. (The) presently has a consensus rating of “Buy” and an average target price of $128.36.

About Children’s Place, Inc. (The)

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.

Institutional Ownership by Quarter for Children`s Place, Inc. (The) (NASDAQ:PLCE)

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