Arizona State Retirement System cut its stake in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,244 shares of the company’s stock after selling 200 shares during the period. Arizona State Retirement System owned about 0.05% of Children’s Place, Inc. (The) worth $944,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cambria Investment Management L.P. boosted its stake in Children’s Place, Inc. (The) by 2.0% in the first quarter. Cambria Investment Management L.P. now owns 18,437 shares of the company’s stock valued at $2,213,000 after buying an additional 368 shares during the period. Driehaus Capital Management LLC acquired a new stake in Children’s Place, Inc. (The) during 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 buying an additional 8,635 shares during the period. 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 buying an additional 22,253 shares during the period. 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 buying an additional 41,393 shares during the period.

Children’s Place, Inc. (NASDAQ PLCE) opened at 104.65 on Thursday. 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 price is $105.20 and its 200 day moving average price is $108.27. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 14.96 and a beta of 0.33.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, September 11th. Children’s Place, Inc. (The)’s dividend payout ratio (DPR) is presently 22.92%.

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PLCE has been the subject of several recent analyst reports. FBR & Co restated an “outperform” rating and issued a $127.00 price target on shares of Children’s Place, Inc. (The) in a report on Friday, June 9th. BMO Capital Markets set a $112.00 price target on Children’s Place, Inc. (The) and gave the company a “hold” rating in a report on Thursday, May 18th. BidaskClub upgraded Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Telsey Advisory Group upgraded Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Monday, June 26th. Finally, Morgan Stanley lifted their price target on Children’s Place, Inc. (The) from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, May 22nd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $125.00.

About Children’s Place, Inc. (The)

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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