Engineers Gate Manager LP reduced its stake in Children’s Place, Inc. (The) (NASDAQ:PLCE) by 84.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,583 shares of the company’s stock after selling 29,854 shares during the quarter. Engineers Gate Manager LP’s holdings in Children’s Place, Inc. (The) were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strs Ohio raised 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 purchasing an additional 600 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Children’s Place, Inc. (The) by 73.8% during the first quarter. LS Investment Advisors LLC now owns 1,220 shares of the company’s stock worth $146,000 after acquiring an additional 518 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Children’s Place, Inc. (The) during the second quarter worth approximately $182,000. Ameritas Investment Partners Inc. purchased a new position in shares of Children’s Place, Inc. (The) during the first quarter worth approximately $194,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Children’s Place, Inc. (The) during the first quarter worth approximately $225,000.

Children’s Place, Inc. (NASDAQ:PLCE) opened at 111.90 on Friday. The company has a market cap of $1.97 billion, a PE ratio of 16.00 and a beta of 0.31. Children’s Place, Inc. has a one year low of $70.90 and a one year high of $125.30. The stock has a 50 day moving average of $107.31 and a 200 day moving average of $109.11.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.11. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. The company had revenue of $373.60 million for the quarter, compared to analyst estimates of $376.53 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. Children’s Place, Inc. (The)’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts anticipate that Children’s Place, Inc. will post $7.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 12th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.60 annualized dividend and a yield of 1.43%. Children’s Place, Inc. (The)’s payout ratio is presently 22.92%.

Several research firms have commented on PLCE. BidaskClub raised shares of Children’s Place, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. BMO Capital Markets set a $112.00 price target on shares of Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Bank of America Corporation set a $140.00 price target on shares of Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Morgan Stanley lifted their price target 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. Finally, Telsey Advisory Group raised shares of Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a research note on Monday, June 26th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Children’s Place, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $125.00.

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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.

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

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