Smith Graham & Co. Investment Advisors LP Sells 1,260 Shares of Childrens Place Inc (PLCE)

Smith Graham & Co. Investment Advisors LP lessened its holdings in Childrens Place Inc (NASDAQ:PLCE) by 2.1% during the 3rd quarter, Holdings Channel reports. The firm owned 59,322 shares of the company’s stock after selling 1,260 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Childrens Place were worth $7,581,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PLCE. FMR LLC boosted its stake in shares of Childrens Place by 50.4% in the 2nd quarter. FMR LLC now owns 829,800 shares of the company’s stock valued at $100,240,000 after purchasing an additional 278,017 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Childrens Place by 12,849.4% in the 2nd quarter. Marshall Wace LLP now owns 270,124 shares of the company’s stock valued at $32,631,000 after purchasing an additional 268,038 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of Childrens Place in the 3rd quarter valued at about $27,372,000. Voya Investment Management LLC boosted its stake in shares of Childrens Place by 44.2% in the 2nd quarter. Voya Investment Management LLC now owns 635,588 shares of the company’s stock valued at $76,779,000 after purchasing an additional 194,722 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new position in shares of Childrens Place in the 2nd quarter valued at about $16,912,000.

Childrens Place stock opened at $151.61 on Tuesday. Childrens Place Inc has a fifty-two week low of $106.25 and a fifty-two week high of $161.65. The company has a market cap of $2.41 billion, a P/E ratio of 19.17, a PEG ratio of 2.23 and a beta of 0.43.



Childrens Place (NASDAQ:PLCE) last announced its earnings results on Thursday, August 23rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.59 by $0.11. The firm had revenue of $448.70 million for the quarter, compared to the consensus estimate of $427.89 million. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. On average, analysts forecast that Childrens Place Inc will post 8.23 earnings per share for the current fiscal year.

Several research analysts recently weighed in on PLCE shares. ValuEngine lowered shares of Childrens Place from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Monness Crespi & Hardt raised shares of Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Friday, August 24th. They noted that the move was a valuation call. Bank of America raised shares of Childrens Place from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 2nd. They noted that the move was a valuation call. BidaskClub raised shares of Childrens Place from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Finally, Citigroup lifted their price objective on shares of Childrens Place from $145.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, August 24th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $148.91.

In other Childrens Place news, insider Jane T. Elfers sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $134.93, for a total transaction of $13,493,000.00. Following the sale, the insider now directly owns 141,491 shares in the company, valued at approximately $19,091,380.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

About Childrens Place

The Children’s Place, Inc engages in the provision of apparel, accessories and footwear for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Place and Baby Place. The company was founded in 1969 and is headquartered in Secaucus, NJ.

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Institutional Ownership by Quarter for Childrens Place (NASDAQ:PLCE)

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