Credit Suisse AG decreased its position in Children’s Place, Inc. (The) (NASDAQ:PLCE) by 53.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,412 shares of the company’s stock after selling 22,322 shares during the period. Credit Suisse AG owned 0.11% of Children’s Place, Inc. (The) worth $2,330,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of 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 worth $292,011,000 after buying an additional 2,420,052 shares during the period. Columbus Circle Investors bought a new position in shares of Children’s Place, Inc. (The) during the first quarter worth about $29,558,000. Renaissance Technologies LLC increased its position in shares of 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 worth $86,443,000 after buying an additional 211,700 shares during the period. Acadian Asset Management LLC increased its position in shares of Children’s Place, Inc. (The) by 42.1% in the first quarter. Acadian Asset Management LLC now owns 496,517 shares of the company’s stock worth $59,608,000 after buying an additional 147,100 shares during the period. Finally, Systematic Financial Management LP increased its position in shares of 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 worth $12,720,000 after buying an additional 89,435 shares during the period.

Shares of Children’s Place, Inc. (NASDAQ PLCE) traded down 0.5506% during midday trading on Monday, reaching $113.7701. The company’s stock had a trading volume of 44,578 shares. Children’s Place, Inc. has a 52-week low of $70.90 and a 52-week high of $125.30. The stock has a 50-day moving average price of $103.88 and a 200-day moving average price of $107.47. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 18.8611 and a beta of 0.33.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last announced its earnings results on Thursday, May 18th. The company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.31. Children’s Place, Inc. (The) had a return on equity of 23.00% and a net margin of 6.25%. The firm had revenue of $436.70 million during the quarter, compared to analyst estimates of $422.51 million. During the same quarter in the prior year, the company earned $1.32 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts anticipate that Children’s Place, Inc. will post $7.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Monday, June 19th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, June 15th. Children’s Place, Inc. (The)’s dividend payout ratio is currently 26.32%.

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PLCE has been the subject of a number of analyst reports. FBR & Co restated a “buy” rating on shares of Children’s Place, Inc. (The) in a research report on Tuesday, April 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $115.00 target price on shares of Children’s Place, Inc. (The) in a research note on Tuesday, April 18th. ValuEngine raised Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. BidaskClub cut Children’s Place, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, Telsey Advisory Group raised Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Monday, June 26th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $125.00.

In related news, insider Michael Scarpa sold 37,231 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $108.08, for a total value of $4,023,926.48. Following the sale, the insider now owns 59,084 shares in the company, valued at approximately $6,385,798.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin Low sold 14,517 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $109.04, for a total value of $1,582,933.68. Following the completion of the sale, the senior vice president now owns 33,565 shares in the company, valued at approximately $3,659,927.60. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate 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.

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

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