Cambria Investment Management L.P. cut its holdings in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) by 11.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,247 shares of the company’s stock after selling 2,190 shares during the period. Cambria Investment Management L.P. owned 0.09% of Children’s Place, Inc. (The) worth $1,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLCE. Airain ltd bought a new position in shares of Children’s Place, Inc. (The) during the 2nd quarter worth approximately $1,032,000. Driehaus Capital Management LLC acquired a new stake in Children’s Place, Inc. (The) in the first quarter valued at approximately $871,000. Public Employees Retirement System of Ohio boosted its stake in Children’s Place, Inc. (The) by 25.2% in the first quarter. Public Employees Retirement System of Ohio now owns 42,877 shares of the company’s stock valued at $5,147,000 after acquiring an additional 8,635 shares in the last quarter. Morgan Stanley boosted its stake in Children’s Place, Inc. (The) by 10.8% in the first quarter. Morgan Stanley now owns 229,197 shares of the company’s stock valued at $27,515,000 after acquiring an additional 22,253 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Children’s Place, Inc. (The) by 64.6% in the first quarter. Bank of America Corp DE now owns 105,442 shares of the company’s stock valued at $12,659,000 after acquiring an additional 41,393 shares in the last quarter.

PLCE has been the topic of a number of recent analyst reports. BidaskClub raised Children’s Place, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. BMO Capital Markets set a $112.00 price objective on Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Bank of America Corporation set a $140.00 target price on Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, June 13th. FBR & Co restated a “buy” rating and set a $127.00 target price on shares of Children’s Place, Inc. (The) in a research note on Monday. Finally, Telsey Advisory Group upgraded Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Monday, June 26th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Children’s Place, Inc. (The) has an average rating of “Buy” and a consensus price target of $128.36.

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Shares of Children’s Place, Inc. (NASDAQ:PLCE) traded down 1.58% during mid-day trading on Wednesday, reaching $115.60. The company’s stock had a trading volume of 121,008 shares. Children’s Place, Inc. has a 52 week low of $70.90 and a 52 week high of $125.30. The company’s 50-day moving average is $109.02 and its 200-day moving average is $109.51. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 16.53 and a beta of 0.32.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.11. Children’s Place, Inc. (The) had a net margin of 7.14% and a return on equity of 26.01%. The firm had revenue of $373.60 million for the quarter, compared to analyst estimates of $376.53 million. During the same period last year, the business earned ($0.01) EPS. Children’s Place, Inc. (The)’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts predict that Children’s Place, Inc. will post $7.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Monday, September 11th. Children’s Place, Inc. (The)’s payout ratio is 22.92%.

Children’s Place, Inc. (The) Company 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 Children`s Place, Inc. (The) (NASDAQ:PLCE)

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