Russell Investments Group Ltd. lessened its stake in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) by 47.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 118,013 shares of the company’s stock after selling 108,705 shares during the period. Russell Investments Group Ltd. owned 0.67% of Children’s Place worth $13,943,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its holdings in Children’s Place by 80.7% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after purchasing an additional 565 shares during the period. Flinton Capital Management LLC grew its holdings in Children’s Place by 70.0% during the second quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after purchasing an additional 784 shares during the period. Advisor Group Inc. grew its holdings in Children’s Place by 169.9% during the third quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock valued at $209,000 after purchasing an additional 1,113 shares during the period. Hanseatic Management Services Inc. boosted its stake in shares of Children’s Place by 0.7% in the second quarter. Hanseatic Management Services Inc. now owns 2,085 shares of the company’s stock worth $213,000 after acquiring an additional 14 shares during the period. Finally, Csenge Advisory Group bought a new position in shares of Children’s Place in the third quarter worth about $231,000.

Children’s Place, Inc. (PLCE) traded down $0.25 during trading hours on Friday, hitting $132.65. The company had a trading volume of 234,340 shares, compared to its average volume of 531,027. The stock has a market capitalization of $2,357.10, a P/E ratio of 18.64, a P/E/G ratio of 2.00 and a beta of 0.27. Children’s Place, Inc. has a 12 month low of $92.95 and a 12 month high of $139.95.

Children’s Place (NASDAQ:PLCE) last posted its earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. The company had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. Children’s Place had a return on equity of 26.58% and a net margin of 7.07%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.29 earnings per share. research analysts anticipate that Children’s Place, Inc. will post 7.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. Children’s Place’s dividend payout ratio is currently 22.66%.

PLCE has been the subject of a number of recent analyst reports. BidaskClub raised Children’s Place from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. BMO Capital Markets set a $112.00 price objective on Children’s Place and gave the stock a “hold” rating in a research note on Tuesday, August 8th. FBR & Co reaffirmed a “buy” rating and issued a $127.00 price objective on shares of Children’s Place in a research note on Monday, October 2nd. B. Riley reaffirmed a “buy” rating on shares of Children’s Place in a research note on Wednesday, November 1st. Finally, ValuEngine raised Children’s Place from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $131.67.

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About Children’s Place

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 (NASDAQ:PLCE)

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