Children’s Place, Inc. (The) (PLCE) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Children’s Place, Inc. (The) (NASDAQ:PLCE) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 806,129 shares of the company’s stock after purchasing an additional 27,887 shares during the quarter. JPMorgan Chase & Co. owned 4.56% of Children’s Place, Inc. (The) worth $82,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PLCE. BlackRock Inc. raised its position in Children’s Place, Inc. (The) by 19,592.4% in the first quarter. BlackRock Inc. now owns 2,432,404 shares of the company’s stock valued at $292,011,000 after purchasing an additional 2,420,052 shares during the period. Renaissance Technologies LLC raised its position in Children’s Place, Inc. (The) by 41.6% in the first quarter. Renaissance Technologies LLC now owns 720,060 shares of the company’s stock valued at $86,443,000 after purchasing an additional 211,700 shares during the period. Marshall Wace North America L.P. purchased a new stake in Children’s Place, Inc. (The) in the second quarter valued at approximately $9,731,000. Systematic Financial Management LP raised its position in Children’s Place, Inc. (The) by 541.3% in the first quarter. Systematic Financial Management LP now owns 105,958 shares of the company’s stock valued at $12,720,000 after purchasing an additional 89,435 shares during the period. Finally, Pioneer Investment Management Inc. purchased a new stake in Children’s Place, Inc. (The) in the second quarter valued at approximately $7,499,000.

A number of analysts have issued reports on the company. BMO Capital Markets set a $112.00 target price on Children’s Place, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, August 8th. BidaskClub raised Children’s Place, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Bank of America Corporation set a $140.00 price objective on Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research report on Tuesday, June 13th. ValuEngine raised Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Finally, FBR & Co set a $127.00 price objective on Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday, May 18th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Children’s Place, Inc. (The) presently has a consensus rating of “Buy” and a consensus price target of $125.00.

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Children’s Place, Inc. (NASDAQ PLCE) opened at 109.45 on Monday. The firm has a market cap of $1.93 billion, a P/E ratio of 15.65 and a beta of 0.31. The company’s 50 day moving average is $105.89 and its 200-day moving average is $108.67. Children’s Place, Inc. has a 52 week low of $70.90 and a 52 week high of $125.30.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.11. Children’s Place, Inc. (The) had a net margin of 7.14% and a return on equity of 26.01%. The firm had revenue of $373.60 million for the quarter, compared to the consensus estimate of $376.53 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts expect that Children’s Place, Inc. will post $7.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Monday, September 11th. Children’s Place, Inc. (The)’s dividend payout ratio (DPR) is 22.92%.

Children’s Place, Inc. (The) 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 Children`s Place, Inc. (The) (NASDAQ:PLCE)

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