Children’s Place, Inc. (The) (PLCE) Shares Sold by Renaissance Group LLC

Renaissance Group LLC lowered its position in Children’s Place, Inc. (The) (NASDAQ:PLCE) by 9.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,725 shares of the company’s stock after selling 390 shares during the period. Renaissance Group LLC’s holdings in Children’s Place, Inc. (The) were worth $376,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its position in Children’s Place, Inc. (The) by 15.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 306,162 shares of the company’s stock valued at $24,453,000 after buying an additional 40,426 shares during the period. Bank of Montreal Can raised its position in Children’s Place, Inc. (The) by 65.3% in the third quarter. Bank of Montreal Can now owns 251,576 shares of the company’s stock valued at $20,094,000 after buying an additional 99,414 shares during the period. Timpani Capital Management LLC raised its position in Children’s Place, Inc. (The) by 42.6% in the third quarter. Timpani Capital Management LLC now owns 58,855 shares of the company’s stock valued at $4,701,000 after buying an additional 17,588 shares during the period. Polianta Ltd bought a new position in Children’s Place, Inc. (The) during the fourth quarter valued at $1,080,000. Finally, UBS Group AG raised its position in Children’s Place, Inc. (The) by 65.9% in the third quarter. UBS Group AG now owns 59,152 shares of the company’s stock valued at $4,724,000 after buying an additional 23,506 shares during the period.

Institutional Ownership by Quarter for Children`s Place, Inc. (The) (NASDAQ:PLCE)

Shares of Children’s Place, Inc. (NASDAQ:PLCE) traded down 0.58% during mid-day trading on Wednesday, hitting $102.05. The stock had a trading volume of 299,307 shares. The stock’s 50-day moving average price is $100.15 and its 200-day moving average price is $89.72. The firm has a market cap of $1.84 billion, a PE ratio of 23.12 and a beta of 0.41. Children’s Place, Inc. has a 52-week low of $62.76 and a 52-week high of $111.20.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last announced its quarterly earnings results on Thursday, November 17th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.28. Children’s Place, Inc. (The) had a return on equity of 18.24% and a net margin of 4.86%. The company had revenue of $473.80 million for the quarter, compared to the consensus estimate of $461.98 million. During the same quarter in the previous year, the business earned $1.93 EPS. Children’s Place, Inc. (The)’s revenue was up 3.9% compared to the same quarter last year. On average, analysts anticipate that Children’s Place, Inc. will post $5.16 earnings per share for the current fiscal year.

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Several research firms have weighed in on PLCE. Mizuho reaffirmed a “buy” rating and set a $105.00 price target (up previously from $95.00) on shares of Children’s Place, Inc. (The) in a research report on Tuesday, December 6th. Bank of America Corporation upgraded Children’s Place, Inc. (The) from an “underperform” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Wednesday, November 30th. Williams Capital lifted their target price on Children’s Place, Inc. (The) from $107.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, January 6th. FBR & Co boosted their price target on Children’s Place, Inc. (The) from $102.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, January 4th. Finally, BMO Capital Markets restated a “hold” rating on shares of Children’s Place, Inc. (The) in a research note on Saturday, November 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $94.36.

In other Children’s Place, Inc. (The) news, CFO Anurup Pruthi sold 355 shares of Children’s Place, Inc. (The) stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $102.40, for a total transaction of $36,352.00. Following the sale, the chief financial officer now directly owns 12,951 shares of the company’s stock, valued at approximately $1,326,182.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Norman S. Matthews sold 40,995 shares of Children’s Place, Inc. (The) stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $100.00, for a total value of $4,099,500.00. Following the sale, the chairman now directly owns 49,706 shares in the company, valued at $4,970,600. The disclosure for this sale can be found here. 1.93% of the stock is owned by insiders.

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.

5 Day Chart for NASDAQ:PLCE

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