Macquarie Group Ltd. Grows Stake in Children’s Place, Inc. (The) (PLCE)

Macquarie Group Ltd. lifted its stake in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,100 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Macquarie Group Ltd.’s holdings in Children’s Place were worth $957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Children’s Place by 1.3% during the second quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock worth $247,660,000 after acquiring an additional 32,057 shares during the last quarter. Royce & Associates LP boosted its position in Children’s Place by 5.5% during the second quarter. Royce & Associates LP now owns 1,124,532 shares of the company’s stock worth $114,815,000 after acquiring an additional 58,650 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Children’s Place by 3.6% during the second quarter. JPMorgan Chase & Co. now owns 806,129 shares of the company’s stock worth $82,305,000 after acquiring an additional 27,887 shares during the last quarter. FMR LLC boosted its position in Children’s Place by 7,303.5% during the second quarter. FMR LLC now owns 741,169 shares of the company’s stock worth $75,674,000 after acquiring an additional 731,158 shares during the last quarter. Finally, LSV Asset Management boosted its position in Children’s Place by 49.9% during the second quarter. LSV Asset Management now owns 694,668 shares of the company’s stock worth $70,925,000 after acquiring an additional 231,111 shares during the last quarter.

A number of equities analysts recently weighed in on PLCE shares. Buckingham Research boosted their price target on shares of Children’s Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. FBR & Co reiterated a “buy” rating and issued a $127.00 target price on shares of Children’s Place in a report on Monday, October 2nd. B. Riley set a $130.00 target price on shares of Children’s Place and gave the company a “buy” rating in a report on Wednesday, November 15th. BMO Capital Markets reiterated a “hold” rating and issued a $112.00 target price on shares of Children’s Place in a report on Thursday, November 2nd. Finally, ValuEngine upgraded shares of Children’s Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Children’s Place has a consensus rating of “Buy” and a consensus target price of $131.67.

Children’s Place, Inc. (NASDAQ PLCE) opened at $136.50 on Monday. The firm has a market cap of $2,374.55, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.01 and a beta of 0.33. Children’s Place, Inc. has a fifty-two week low of $92.95 and a fifty-two week high of $139.95.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, December 12th. Children’s Place’s dividend payout ratio (DPR) is 22.66%.

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Children’s Place Profile

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.

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Institutional Ownership by Quarter for Children`s Place (NASDAQ:PLCE)

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