Cipher Capital LP Buys Shares of 15,171 Children’s Place, Inc. (The) (PLCE)

Cipher Capital LP bought a new position in Children’s Place, Inc. (The) (NASDAQ:PLCE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,171 shares of the company’s stock, valued at approximately $1,792,000. Cipher Capital LP owned about 0.09% of Children’s Place at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Profund Advisors LLC boosted its holdings in shares of Children’s Place by 18.0% in the second quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock valued at $311,000 after acquiring an additional 465 shares in the last quarter. Airain ltd bought a new position in shares of Children’s Place in the second quarter valued at approximately $1,032,000. Stifel Financial Corp boosted its holdings in shares of Children’s Place by 42.7% in the second quarter. Stifel Financial Corp now owns 36,929 shares of the company’s stock valued at $3,773,000 after acquiring an additional 11,056 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Children’s Place by 42.3% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 373,527 shares of the company’s stock valued at $38,137,000 after acquiring an additional 110,995 shares in the last quarter. Finally, Legato Capital Management LLC bought a new position in shares of Children’s Place in the third quarter valued at approximately $680,000.

Shares of Children’s Place, Inc. (NASDAQ PLCE) remained flat at $$135.00 during trading hours on Thursday. The company had a trading volume of 365,192 shares, compared to its average volume of 529,562. The stock has a market capitalization of $2,329.26, a P/E ratio of 18.42, a PEG ratio of 1.97 and a beta of 0.33. Children’s Place, Inc. has a twelve month low of $92.95 and a twelve month high of $139.95.

Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.46 by $0.12. The business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. Children’s Place had a net margin of 7.07% and a return on equity of 26.58%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.29 EPS. equities analysts forecast that Children’s Place, Inc. will post 7.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. Children’s Place’s dividend payout ratio (DPR) is presently 22.66%.

Several research firms have recently issued reports on PLCE. BidaskClub upgraded shares of Children’s Place from a “buy” rating to a “strong-buy” rating in a report on Wednesday. ValuEngine cut shares of Children’s Place from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. BMO Capital Markets set a $121.00 price objective on shares of Children’s Place and gave the company a “hold” rating in a report on Friday, November 17th. Buckingham Research increased their price objective on shares of Children’s Place from $139.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, Telsey Advisory Group increased their price objective on shares of Children’s Place from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $131.67.

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About Children’s Place

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 (NASDAQ:PLCE)

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