Childrens Place Inc (PLCE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Childrens Place Inc (NASDAQ:PLCE) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,509 shares of the company’s stock after selling 6,441 shares during the quarter. Victory Capital Management Inc. owned about 0.59% of Childrens Place worth $14,899,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in PLCE. Navellier & Associates Inc increased its position in shares of Childrens Place by 1.9% in the second quarter. Navellier & Associates Inc now owns 3,399 shares of the company’s stock valued at $347,000 after buying an additional 65 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Childrens Place by 5.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the company’s stock valued at $1,090,000 after buying an additional 400 shares in the last quarter. TrimTabs Asset Management LLC increased its position in shares of Childrens Place by 17.1% in the third quarter. TrimTabs Asset Management LLC now owns 3,220 shares of the company’s stock valued at $380,000 after buying an additional 471 shares in the last quarter. Vident Investment Advisory LLC increased its position in shares of Childrens Place by 2.1% in the third quarter. Vident Investment Advisory LLC now owns 25,488 shares of the company’s stock valued at $3,011,000 after buying an additional 520 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of Childrens Place by 18.9% in the third quarter. Wedge Capital Management L L P NC now owns 4,529 shares of the company’s stock valued at $535,000 after buying an additional 719 shares in the last quarter.

Shares of Childrens Place Inc (NASDAQ PLCE) opened at $148.10 on Wednesday. The company has a market capitalization of $2,609.33, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.85 and a beta of 0.23. Childrens Place Inc has a 52 week low of $94.95 and a 52 week high of $161.65.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.12. The business had revenue of $490.00 million for the quarter, compared to analyst estimates of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 earnings per share. research analysts predict that Childrens Place Inc will post 7.87 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on PLCE. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Chardan Capital restated a “buy” rating and issued a $156.00 price target (up previously from $130.00) on shares of Childrens Place in a research report on Wednesday, January 10th. SunTrust Banks increased their price objective on Childrens Place to $157.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Telsey Advisory Group increased their price objective on Childrens Place from $140.00 to $164.00 and gave the company an “outperform” rating in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets set a $130.00 price objective on Childrens Place and gave the company a “hold” rating in a research note on Tuesday, December 19th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Childrens Place currently has an average rating of “Buy” and an average target price of $139.15.

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Childrens Place Company 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 Childrens Place (NASDAQ:PLCE)

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