Ameriprise Financial Inc. lowered its stake in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) by 11.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 431,904 shares of the company’s stock after selling 56,739 shares during the period. Ameriprise Financial Inc. owned about 2.45% of Children’s Place worth $51,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its stake in shares of Children’s Place by 80.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after buying an additional 565 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Children’s Place by 169.9% during the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock valued at $209,000 after buying an additional 1,113 shares during the last quarter. Flinton Capital Management LLC raised its stake in shares of Children’s Place by 70.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after buying an additional 784 shares during the last quarter. Csenge Advisory Group purchased a new position in shares of Children’s Place during the 3rd quarter valued at about $231,000. Finally, Sapphire Star Partners LP purchased a new position in shares of Children’s Place during the 3rd quarter valued at about $242,000.

Children’s Place, Inc. (NASDAQ:PLCE) traded down $0.25 during mid-day trading on Friday, reaching $132.65. The company had a trading volume of 234,340 shares, compared to its average volume of 531,027. Children’s Place, Inc. has a 12 month low of $92.95 and a 12 month high of $139.95. The firm has a market cap of $2,357.10, a PE ratio of 18.64, a price-to-earnings-growth ratio of 2.00 and a beta of 0.27.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. Children’s Place had a return on equity of 26.58% and a net margin of 7.07%. The company had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $480.28 million. During the same period in the previous year, the firm posted $2.29 EPS. Children’s Place’s revenue was up 3.4% compared to the same quarter last year. equities research analysts expect that Children’s Place, Inc. will post 7.54 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 12th. Children’s Place’s payout ratio is 22.66%.

A number of equities analysts have weighed in on the company. ValuEngine lowered Children’s Place from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. BMO Capital Markets set a $121.00 target price on Children’s Place and gave the company a “hold” rating in a research report on Friday, November 17th. Buckingham Research raised their target price on Children’s Place from $139.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Telsey Advisory Group raised their target price on Children’s Place from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, B. Riley set a $130.00 target price on Children’s Place and gave the company a “buy” rating in a research report on Wednesday, November 15th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $131.67.

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About Children’s Place

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 (NASDAQ:PLCE)

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