Childrens Place Inc (PLCE) Stake Lifted by Chartwell Investment Partners LLC
Chartwell Investment Partners LLC grew its holdings in Childrens Place Inc (NASDAQ:PLCE) by 17.1% during the third quarter, Holdings Channel reports. The fund owned 24,386 shares of the company’s stock after purchasing an additional 3,560 shares during the period. Chartwell Investment Partners LLC’s holdings in Childrens Place were worth $3,117,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Childrens Place by 931.9% in the 1st quarter. Royal Bank of Canada now owns 8,245 shares of the company’s stock valued at $1,115,000 after acquiring an additional 7,446 shares during the period. Principal Financial Group Inc. increased its position in Childrens Place by 3.1% in the 1st quarter. Principal Financial Group Inc. now owns 153,892 shares of the company’s stock valued at $20,814,000 after acquiring an additional 4,591 shares during the period. Congress Asset Management Co. MA increased its position in Childrens Place by 4.9% in the 2nd quarter. Congress Asset Management Co. MA now owns 39,752 shares of the company’s stock valued at $4,802,000 after acquiring an additional 1,863 shares during the period. Alps Advisors Inc. increased its position in Childrens Place by 11.6% in the 2nd quarter. Alps Advisors Inc. now owns 4,072 shares of the company’s stock valued at $592,000 after acquiring an additional 423 shares during the period. Finally, Kaizen Advisory LLC increased its position in shares of Childrens Place by 299.5% during the second quarter. Kaizen Advisory LLC now owns 7,466 shares of the company’s stock worth $902,000 after buying an additional 5,597 shares during the period.
Several research firms have recently weighed in on PLCE. BidaskClub cut shares of Childrens Place from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. ValuEngine cut shares of Childrens Place from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Monness Crespi & Hardt upgraded shares of Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Friday, August 24th. They noted that the move was a valuation call. B. Riley reiterated a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 14th. Finally, Bank of America upgraded shares of Childrens Place from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Childrens Place presently has a consensus rating of “Buy” and an average target price of $149.40.
PLCE opened at $126.45 on Tuesday. Childrens Place Inc has a twelve month low of $112.55 and a twelve month high of $161.65. The firm has a market cap of $2.14 billion, a PE ratio of 15.99, a PEG ratio of 1.99 and a beta of 0.20.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Thursday, August 23rd. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The company had revenue of $448.70 million during the quarter, compared to analysts’ expectations of $427.89 million. During the same period in the prior year, the company posted $0.86 earnings per share. Childrens Place’s revenue for the quarter was up 20.1% compared to the same quarter last year. Research analysts anticipate that Childrens Place Inc will post 8.23 EPS for the current year.
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Childrens Place Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.
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