ClariVest Asset Management LLC purchased a new position in Childrens Place Inc (NASDAQ:PLCE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,200 shares of the company’s stock, valued at approximately $108,000.
Several other institutional investors have also made changes to their positions in PLCE. FMR LLC boosted its position in shares of Childrens Place by 50.4% during the second quarter. FMR LLC now owns 829,800 shares of the company’s stock worth $100,240,000 after buying an additional 278,017 shares during the period. Marshall Wace LLP boosted its position in shares of Childrens Place by 59.2% during the third quarter. Marshall Wace LLP now owns 429,954 shares of the company’s stock worth $54,948,000 after buying an additional 159,830 shares during the period. Impala Asset Management LLC acquired a new position in shares of Childrens Place during the third quarter worth about $16,711,000. Rice Hall James & Associates LLC boosted its position in shares of Childrens Place by 91.5% during the third quarter. Rice Hall James & Associates LLC now owns 178,156 shares of the company’s stock worth $22,768,000 after buying an additional 85,119 shares during the period. Finally, Emerald Mutual Fund Advisers Trust boosted its position in shares of Childrens Place by 42.7% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 255,230 shares of the company’s stock worth $32,618,000 after buying an additional 76,421 shares during the period.
Get Childrens Place alerts:Shares of NASDAQ PLCE opened at $91.52 on Thursday. Childrens Place Inc has a 52 week low of $84.46 and a 52 week high of $160.23. The company has a market cap of $1.48 billion, a P/E ratio of 11.57, a P/E/G ratio of 1.23 and a beta of 0.64.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Thursday, December 6th. The company reported $3.07 EPS for the quarter, meeting the consensus estimate of $3.07. Childrens Place had a return on equity of 37.97% and a net margin of 4.00%. The firm had revenue of $522.50 million during the quarter, compared to analysts’ expectations of $511.19 million. During the same period in the prior year, the firm posted $2.58 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts predict that Childrens Place Inc will post 7.8 EPS for the current fiscal year.
Several research analysts recently commented on the company. Wolfe Research reissued a “peer perform” rating and set a $135.00 price target (down from $169.00) on shares of Childrens Place in a research report on Thursday, December 6th. Citigroup increased their price target on Childrens Place from $154.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. B. Riley reissued a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 14th. BidaskClub cut Childrens Place from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 18th. Finally, ValuEngine cut Childrens Place from a “hold” rating to a “sell” rating in a research report on Thursday, December 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Childrens Place has an average rating of “Buy” and an average price target of $146.22.
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Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.
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