Nisa Investment Advisors LLC decreased its stake in Children’s Place, Inc. (The) (NASDAQ:PLCE) by 2.8% during the second quarter, Holdings Channel reports. The fund owned 7,050 shares of the company’s stock after selling 200 shares during the period. Nisa Investment Advisors LLC’s holdings in Children’s Place, Inc. (The) were worth $720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio boosted its stake in Children’s Place, Inc. (The) by 150.0% in the first quarter. Strs Ohio now owns 1,000 shares of the company’s stock valued at $120,000 after buying an additional 600 shares during the period. LS Investment Advisors LLC boosted its stake in Children’s Place, Inc. (The) by 73.8% in the first quarter. LS Investment Advisors LLC now owns 1,220 shares of the company’s stock valued at $146,000 after buying an additional 518 shares during the period. TrimTabs Asset Management LLC boosted its stake in Children’s Place, Inc. (The) by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,342 shares of the company’s stock valued at $161,000 after buying an additional 632 shares during the period. Meeder Asset Management Inc. purchased a new stake in Children’s Place, Inc. (The) during the second quarter valued at approximately $182,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Children’s Place, Inc. (The) during the first quarter valued at approximately $194,000.

Shares of Children’s Place, Inc. (NASDAQ:PLCE) traded up 3.49% during mid-day trading on Tuesday, hitting $118.45. 321,248 shares of the company traded hands. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 19.64 and a beta of 0.33. Children’s Place, Inc. has a 52-week low of $70.90 and a 52-week high of $125.30. The firm has a 50-day moving average price of $103.88 and a 200 day moving average price of $107.47.

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, beating the Zacks’ consensus estimate of $1.64 by $0.31. The firm had revenue of $436.70 million during the quarter, compared to analyst estimates of $422.51 million. Children’s Place, Inc. (The) had a net margin of 6.25% and a return on equity of 23.00%. Children’s Place, Inc. (The)’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 EPS. Equities research analysts anticipate that Children’s Place, Inc. will post $7.24 EPS for the current fiscal year.

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

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Several research firms have recently commented on PLCE. BidaskClub upgraded shares of Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. FBR & Co set a $127.00 target price on shares of Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, May 18th. Bank of America Corporation set a $140.00 target price on shares of Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, June 13th. BMO Capital Markets set a $112.00 target price on shares of Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research note on Thursday, May 18th. Finally, Morgan Stanley raised their target price on shares of Children’s Place, Inc. (The) from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, May 22nd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Children’s Place, Inc. (The) has a consensus rating of “Buy” and an average price target of $125.00.

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

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.

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

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