Everence Capital Management Inc. bought a new position in shares of Childrens Place Inc (NASDAQ:PLCE) during the 4th quarter, Holdings Channel reports. The firm bought 1,390 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Childrens Place by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock worth $247,660,000 after buying an additional 32,057 shares during the last quarter. Royce & Associates LP grew its stake in Childrens Place by 2.4% during the 3rd quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock worth $136,104,000 after buying an additional 27,431 shares during the last quarter. FMR LLC grew its stake in Childrens Place by 7,303.5% during the 2nd quarter. FMR LLC now owns 741,169 shares of the company’s stock worth $75,674,000 after buying an additional 731,158 shares during the last quarter. State Street Corp grew its stake in Childrens Place by 3.9% during the 2nd quarter. State Street Corp now owns 514,897 shares of the company’s stock worth $52,568,000 after buying an additional 19,326 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its stake in Childrens Place by 20.9% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 451,409 shares of the company’s stock worth $53,333,000 after buying an additional 77,882 shares during the last quarter.

Shares of Childrens Place Inc (PLCE) opened at $141.65 on Friday. Childrens Place Inc has a 52-week low of $94.95 and a 52-week high of $161.65. The company has a market capitalization of $2,578.89, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.83 and a beta of 0.23.

Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping the Zacks’ consensus estimate of $2.46 by $0.12. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The company had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. During the same quarter in the previous year, the firm posted $2.29 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. research analysts predict that Childrens Place Inc will post 7.87 earnings per share for the current year.

Several research analysts recently weighed in on the company. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a research note on Monday. Chardan Capital restated a “buy” rating and set a $156.00 target price (up from $130.00) on shares of Childrens Place in a research note on Wednesday, January 10th. SunTrust Banks boosted their target price on Childrens Place to $157.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Telsey Advisory Group boosted their target price on Childrens Place from $140.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets set a $130.00 target price on Childrens Place and gave the stock a “hold” rating in a research note on Tuesday, December 19th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Childrens Place currently has a consensus rating of “Buy” and a consensus target price of $139.15.

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Childrens Place 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 Childrens Place (NASDAQ:PLCE)

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