Legal & General Group Plc increased its holdings in shares of Childrens Place Inc (NASDAQ:PLCE) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,812 shares of the company’s stock after purchasing an additional 814 shares during the quarter. Legal & General Group Plc owned approximately 0.20% of Childrens Place worth $4,114,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its position in shares of Childrens Place by 80.7% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock worth $129,000 after purchasing an additional 565 shares in the last quarter. Flinton Capital Management LLC grew its position in shares of Childrens Place by 70.0% during the second quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock worth $194,000 after purchasing an additional 784 shares in the last quarter. Advisor Group Inc. grew its position in shares of Childrens Place by 169.9% during the third quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock worth $209,000 after purchasing an additional 1,113 shares in the last quarter. Hanseatic Management Services Inc. grew its position in shares of Childrens Place by 0.7% during the second quarter. Hanseatic Management Services Inc. now owns 2,085 shares of the company’s stock worth $213,000 after purchasing an additional 14 shares in the last quarter. Finally, Csenge Advisory Group bought a new position in Childrens Place during the third quarter valued at approximately $231,000.
A number of equities analysts recently commented on PLCE shares. Buckingham Research increased their price target on Childrens Place from $139.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. B. Riley reissued a “buy” rating on shares of Childrens Place in a research note on Wednesday, November 1st. FBR & Co reissued a “buy” rating and set a $127.00 price target on shares of Childrens Place in a research note on Monday, October 2nd. ValuEngine raised Childrens Place from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, BMO Capital Markets set a $130.00 price target on Childrens Place and gave the company a “hold” rating in a research note on Tuesday. Four investment 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. The stock has a consensus rating of “Buy” and a consensus price target of $132.42.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. The business had revenue of $490.00 million during 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 company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company earned $2.29 EPS. equities analysts anticipate that Childrens Place Inc will post 7.54 EPS for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, December 12th. Childrens Place’s payout ratio is 22.70%.
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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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