Segall Bryant & Hamill LLC cut its holdings in Childrens Place Inc (NASDAQ:PLCE) by 89.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,275 shares of the company’s stock after selling 19,407 shares during the period. Segall Bryant & Hamill LLC’s holdings in Childrens Place were worth $269,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Riverhead Capital Management LLC increased its holdings in shares of Childrens Place by 80.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock worth $129,000 after buying an additional 565 shares during the last quarter. Flinton Capital Management LLC grew its holdings in Childrens Place by 70.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after purchasing an additional 784 shares during the last quarter. Advisor Group Inc. grew its holdings in Childrens Place by 169.9% during the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock valued at $209,000 after purchasing an additional 1,113 shares during the last quarter. Hanseatic Management Services Inc. grew its holdings in Childrens Place by 0.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 2,085 shares of the company’s stock valued at $213,000 after purchasing an additional 14 shares during the last quarter. Finally, Csenge Advisory Group bought a new position in Childrens Place during the 3rd quarter valued at about $231,000.
Shares of Childrens Place Inc (PLCE) opened at $136.70 on Wednesday. Childrens Place Inc has a 52-week low of $92.95 and a 52-week high of $139.95. The firm has a market cap of $2,374.49, a P/E ratio of 18.78, a PEG ratio of 2.01 and a beta of 0.33.
Childrens Place (NASDAQ:PLCE) last posted its earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, beating the Zacks’ consensus estimate of $2.46 by $0.12. Childrens Place had a net margin of 8.99% and a return on equity of 35.07%. The company had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. During the same quarter in the prior year, the company posted $2.29 earnings per share. Childrens Place’s revenue for the quarter was up 3.4% compared to the same quarter last year. analysts predict that Childrens Place Inc will post 7.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.17%. Childrens Place’s payout ratio is 22.66%.
PLCE has been the topic of several analyst reports. Buckingham Research upped their price target on shares of Childrens Place from $139.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, November 16th. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. B. Riley set a $130.00 target price on shares of Childrens Place and gave the stock a “buy” rating in a research note on Wednesday, November 15th. FBR & Co restated a “buy” rating and issued a $127.00 target price on shares of Childrens Place in a research note on Monday, October 2nd. Finally, BMO Capital Markets set a $121.00 target price on shares of Childrens Place and gave the stock a “hold” rating in a research note on Friday, November 17th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Childrens Place currently has an average rating of “Buy” and an average target price of $131.67.
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Childrens 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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