Royce & Associates LP Has $110,670,000 Stake in Children’s Place, Inc. (The) (PLCE)

Royce & Associates LP boosted its position in Children’s Place, Inc. (The) (NASDAQ:PLCE) by 8.3% during the fourth quarter, Holdings Channel reports. The firm owned 1,096,282 shares of the company’s stock after buying an additional 84,039 shares during the period. Children’s Place, Inc. (The) makes up approximately 0.7% of Royce & Associates LP’s holdings, making the stock its 15th largest position. Royce & Associates LP owned 6.08% of Children’s Place, Inc. (The) worth $110,670,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PLCE. FNY Managed Accounts LLC bought a new position in shares of Children’s Place, Inc. (The) during the third quarter worth $104,000. Quantbot Technologies LP bought a new position in shares of Children’s Place, Inc. (The) during the third quarter worth $104,000. Orinda Asset Management LLC bought a new position in shares of Children’s Place, Inc. (The) during the third quarter worth $136,000. Advisors Asset Management Inc. raised its position in shares of Children’s Place, Inc. (The) by 170.6% in the third quarter. Advisors Asset Management Inc. now owns 1,875 shares of the company’s stock worth $150,000 after buying an additional 1,182 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Children’s Place, Inc. (The) during the fourth quarter worth $219,000.

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

Children’s Place, Inc. (NASDAQ:PLCE) traded down 2.71% on Monday, reaching $100.50. 296,031 shares of the company traded hands. Children’s Place, Inc. has a 1-year low of $61.69 and a 1-year high of $111.20. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 22.77 and a beta of 0.41. The stock has a 50 day moving average of $100.08 and a 200-day moving average of $89.58.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last issued its quarterly earnings results on Thursday, November 17th. The company reported $2.29 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $473.80 million for the quarter, compared to analyst estimates of $461.98 million. During the same period last year, the company earned $1.93 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that Children’s Place, Inc. will post $5.16 EPS for the current year.

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A number of brokerages recently weighed in on PLCE. BMO Capital Markets restated a “hold” rating on shares of Children’s Place, Inc. (The) in a research report on Saturday, November 19th. Mizuho upped their target price on shares of Children’s Place, Inc. (The) from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, January 5th. Williams Capital upped their target price on shares of Children’s Place, Inc. (The) from $107.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, January 6th. FBR & Co upped their target price on shares of Children’s Place, Inc. (The) from $102.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 4th. Finally, Bank of America Corporation upgraded shares of Children’s Place, Inc. (The) from an “underperform” rating to a “buy” rating in a research report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Children’s Place, Inc. (The) currently has a consensus rating of “Buy” and a consensus price target of $94.36.

In other news, CFO Anurup Pruthi sold 355 shares of Children’s Place, Inc. (The) stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $102.40, for a total value of $36,352.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Norman S. Matthews sold 40,995 shares of Children’s Place, Inc. (The) stock in a transaction dated 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 completion of the transaction, 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 currently owned by company insiders.

About Children’s Place, Inc. (The)

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

Want to see what other hedge funds are holding PLCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Children’s Place, Inc. (The) (NASDAQ:PLCE).

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