Point72 Hong Kong Ltd Acquires New Holdings in Childrens Place Inc (PLCE)

Point72 Hong Kong Ltd acquired a new position in Childrens Place Inc (NASDAQ:PLCE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,140 shares of the company’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in Childrens Place by 9.6% in the second quarter. Wells Fargo & Company MN now owns 201,044 shares of the company’s stock worth $24,287,000 after purchasing an additional 17,629 shares in the last quarter. Kaizen Advisory LLC increased its holdings in shares of Childrens Place by 299.5% during the second quarter. Kaizen Advisory LLC now owns 7,466 shares of the company’s stock valued at $902,000 after acquiring an additional 5,597 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Childrens Place by 3.1% during the first quarter. Principal Financial Group Inc. now owns 153,892 shares of the company’s stock valued at $20,814,000 after acquiring an additional 4,591 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of Childrens Place by 40.6% during the second quarter. Hood River Capital Management LLC now owns 152,371 shares of the company’s stock valued at $18,406,000 after acquiring an additional 44,004 shares in the last quarter. Finally, Employees Retirement System of Texas increased its holdings in shares of Childrens Place by 92.3% during the second quarter. Employees Retirement System of Texas now owns 50,000 shares of the company’s stock valued at $6,040,000 after acquiring an additional 24,000 shares in the last quarter.

Childrens Place stock opened at $129.05 on Friday. Childrens Place Inc has a one year low of $99.90 and a one year high of $161.65. The firm has a market cap of $2.21 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 2.07 and a beta of 0.44.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings data on Thursday, August 23rd. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.59 by $0.11. Childrens Place had a return on equity of 33.17% and a net margin of 3.76%. The company had revenue of $448.70 million for the quarter, compared to analysts’ expectations of $427.89 million. During the same period last year, the firm posted $0.86 earnings per share. Childrens Place’s revenue was up 20.1% compared to the same quarter last year. research analysts predict that Childrens Place Inc will post 8.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Wednesday, September 5th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $2.00 annualized dividend and a dividend yield of 1.55%. Childrens Place’s dividend payout ratio (DPR) is presently 25.28%.

In related news, insider Jane T. Elfers sold 100,000 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $134.93, for a total transaction of $13,493,000.00. Following the sale, the insider now directly owns 141,491 shares of the company’s stock, valued at $19,091,380.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.80% of the company’s stock.

Several equities analysts have recently weighed in on PLCE shares. Monness Crespi & Hardt upgraded Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Friday, August 24th. They noted that the move was a valuation call. Citigroup raised their price target on Childrens Place from $145.00 to $154.00 and gave the company a “buy” rating in a report on Friday, August 24th. ValuEngine downgraded Childrens Place from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. BidaskClub upgraded Childrens Place from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Finally, Wedbush started coverage on Childrens Place in a report on Thursday, July 12th. They set an “outperform” rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $147.08.

Childrens Place 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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Institutional Ownership by Quarter for Childrens Place (NASDAQ:PLCE)

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