Principal Financial Group Inc. trimmed its stake in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,769 shares of the company’s stock after selling 1,685 shares during the quarter. Principal Financial Group Inc. owned 0.83% of Children’s Place worth $17,340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Children’s Place by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock worth $247,660,000 after purchasing an additional 32,057 shares in the last quarter. Royce & Associates LP boosted its position in shares of Children’s Place by 5.5% during the 2nd quarter. Royce & Associates LP now owns 1,124,532 shares of the company’s stock worth $114,815,000 after acquiring an additional 58,650 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Children’s Place by 3.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 806,129 shares of the company’s stock worth $82,305,000 after acquiring an additional 27,887 shares in the last quarter. FMR LLC boosted its position in shares of Children’s Place by 7,303.5% during the 2nd quarter. FMR LLC now owns 741,169 shares of the company’s stock worth $75,674,000 after acquiring an additional 731,158 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Children’s Place by 49.9% during the 2nd quarter. LSV Asset Management now owns 694,668 shares of the company’s stock worth $70,925,000 after acquiring an additional 231,111 shares in the last quarter.

Shares of Children’s Place, Inc. (NASDAQ PLCE) opened at $126.25 on Friday. Children’s Place, Inc. has a fifty-two week low of $92.95 and a fifty-two week high of $130.95. The firm has a market capitalization of $2,196.24, a PE ratio of 17.37, a PEG ratio of 1.86 and a beta of 0.27.

Children’s Place (NASDAQ:PLCE) last posted its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating 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 business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. During the same period in the previous year, the business earned $2.29 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. analysts anticipate that Children’s Place, Inc. will post 7.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, December 12th. Children’s Place’s payout ratio is currently 22.66%.

Several research firms have recently issued reports on PLCE. BidaskClub raised Children’s Place from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets set a $112.00 price objective on Children’s Place and gave the stock a “hold” rating in a research report on Sunday, September 10th. B. Riley reaffirmed a “buy” rating on shares of Children’s Place in a research report on Wednesday, November 1st. Buckingham Research upped their price objective on Children’s Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Telsey Advisory Group upped their price objective on Children’s Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Children’s Place has a consensus rating of “Buy” and an average price target of $131.67.

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Children’s Place 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 (NASDAQ:PLCE)

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