Lombard Odier Asset Management USA Corp bought a new stake in shares of Childrens Place Inc (NASDAQ:PLCE) during the first quarter, Holdings Channel reports. The fund bought 20,000 shares of the company’s stock, valued at approximately $1,946,000.

A number of other hedge funds have also modified their holdings of the business. FMR LLC increased its holdings in shares of Childrens Place by 27.9% in the fourth quarter. FMR LLC now owns 1,278,870 shares of the company’s stock worth $115,212,000 after purchasing an additional 278,872 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Childrens Place by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock worth $68,708,000 after purchasing an additional 6,015 shares during the period. Ceredex Value Advisors LLC bought a new position in shares of Childrens Place in the first quarter worth $71,212,000. Royce & Associates LP increased its holdings in shares of Childrens Place by 24.9% in the first quarter. Royce & Associates LP now owns 625,100 shares of the company’s stock worth $60,810,000 after purchasing an additional 124,540 shares during the period. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Childrens Place by 50.4% in the first quarter. Westwood Holdings Group Inc. now owns 469,246 shares of the company’s stock worth $45,648,000 after purchasing an additional 157,331 shares during the period.

Shares of NASDAQ:PLCE opened at $96.92 on Monday. Childrens Place Inc has a 52-week low of $82.05 and a 52-week high of $160.23. The firm has a market capitalization of $1.54 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.90 and a beta of 0.86. The company has a quick ratio of 0.22, a current ratio of 0.79 and a debt-to-equity ratio of 1.31.

Childrens Place (NASDAQ:PLCE) last announced its earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.89. Childrens Place had a net margin of 3.86% and a return on equity of 27.26%. The company had revenue of $412.40 million during the quarter, compared to analyst estimates of $399.40 million. During the same period in the previous year, the business earned $1.87 earnings per share. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. Sell-side analysts predict that Childrens Place Inc will post 6.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be given a $0.56 dividend. The ex-dividend date is Monday, June 17th. This represents a $2.24 annualized dividend and a yield of 2.31%. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.

In related news, SVP Claudia Lima-Guinehut sold 932 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $107.00, for a total value of $99,724.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert F. Helm sold 227 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $110.79, for a total transaction of $25,149.33. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $126.00 price target (up previously from $100.00) on shares of Childrens Place in a report on Monday, May 13th. ValuEngine raised shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Bank of America reaffirmed a “neutral” rating and issued a $115.00 price target (up previously from $105.00) on shares of Childrens Place in a report on Wednesday, May 1st. Finally, B. Riley set a $122.00 price target on shares of Childrens Place and gave the stock a “buy” rating in a report on Tuesday, May 14th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $124.67.

ILLEGAL ACTIVITY WARNING: “Lombard Odier Asset Management USA Corp Buys New Holdings in Childrens Place Inc (NASDAQ:PLCE)” was reported by Watch List News and is owned by of Watch List News. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://www.watchlistnews.com/lombard-odier-asset-management-usa-corp-buys-new-holdings-in-childrens-place-inc-nasdaqplce/3044195.html.

Childrens Place Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

Read More: Range Trading

Want to see what other hedge funds are holding PLCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Childrens Place Inc (NASDAQ:PLCE).

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

Receive News & Ratings for Childrens Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place and related companies with MarketBeat.com's FREE daily email newsletter.