Northern Trust Corp lessened its holdings in shares of Childrens Place Inc (NASDAQ:PLCE) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 301,341 shares of the company’s stock after selling 8,391 shares during the quarter. Northern Trust Corp’s holdings in Childrens Place were worth $36,401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alps Advisors Inc. raised its holdings in shares of Childrens Place by 11.6% during the second quarter. Alps Advisors Inc. now owns 4,072 shares of the company’s stock valued at $592,000 after buying an additional 423 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Childrens Place by 1.2% during the second quarter. Legal & General Group Plc now owns 36,511 shares of the company’s stock valued at $4,456,000 after buying an additional 427 shares during the last quarter. Sapphire Star Partners LP raised its holdings in shares of Childrens Place by 7.2% during the second quarter. Sapphire Star Partners LP now owns 6,974 shares of the company’s stock valued at $842,000 after buying an additional 470 shares during the last quarter. Eqis Capital Management Inc. raised its holdings in shares of Childrens Place by 17.8% during the second quarter. Eqis Capital Management Inc. now owns 3,156 shares of the company’s stock valued at $381,000 after buying an additional 477 shares during the last quarter. Finally, Putnam Investments LLC raised its holdings in shares of Childrens Place by 0.6% during the second quarter. Putnam Investments LLC now owns 82,617 shares of the company’s stock valued at $9,980,000 after buying an additional 500 shares during the last quarter.

Shares of NASDAQ:PLCE opened at $133.89 on Friday. Childrens Place Inc has a 12 month low of $99.90 and a 12 month high of $161.65. The company has a market cap of $2.21 billion, a P/E ratio of 16.93, a PEG ratio of 2.05 and a beta of 0.42.

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

A number of equities research analysts have recently weighed in on the company. BidaskClub raised Childrens Place from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine cut Childrens Place from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Wedbush began coverage on Childrens Place in a report on Thursday, July 12th. They set an “outperform” rating and a $150.00 price target on the stock. Finally, Bank of America raised Childrens Place from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Childrens Place currently has an average rating of “Buy” and a consensus target price of $148.91.

In related news, insider Jane T. Elfers sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $134.93, for a total transaction of $13,493,000.00. Following the sale, the insider now owns 141,491 shares of the company’s stock, valued at $19,091,380.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.80% of the stock is owned by insiders.

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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