Systematic Financial Management LP trimmed its position in Children’s Place, Inc. (The) (NASDAQ:PLCE) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290,986 shares of the company’s stock after selling 4,595 shares during the period. Systematic Financial Management LP owned 1.65% of Children’s Place, Inc. (The) worth $34,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Alps Advisors Inc. grew its stake in Children’s Place, Inc. (The) by 0.3% in the second quarter. Alps Advisors Inc. now owns 4,086 shares of the company’s stock worth $417,000 after purchasing an additional 11 shares during the period. Renaissance Group LLC grew its stake in Children’s Place, Inc. (The) by 0.4% in the second quarter. Renaissance Group LLC now owns 3,302 shares of the company’s stock worth $337,000 after purchasing an additional 12 shares during the period. Hanseatic Management Services Inc. grew its stake in Children’s Place, Inc. (The) by 0.7% in the second quarter. Hanseatic Management Services Inc. now owns 2,085 shares of the company’s stock worth $213,000 after purchasing an additional 14 shares during the period. Zacks Investment Management grew its stake in Children’s Place, Inc. (The) by 2.0% in the second quarter. Zacks Investment Management now owns 2,429 shares of the company’s stock worth $248,000 after purchasing an additional 48 shares during the period. Finally, Navellier & Associates Inc grew its stake in Children’s Place, Inc. (The) by 1.9% in the second quarter. Navellier & Associates Inc now owns 3,399 shares of the company’s stock worth $347,000 after purchasing an additional 65 shares during the period.

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PLCE has been the topic of several analyst reports. BMO Capital Markets set a $121.00 target price on Children’s Place, Inc. (The) and gave the stock a “hold” rating in a report on Friday. Buckingham Research boosted their target price on Children’s Place, Inc. (The) from $139.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday. Telsey Advisory Group boosted their target price on Children’s Place, Inc. (The) from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday. ValuEngine raised Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, B. Riley set a $130.00 target price on Children’s Place, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $131.67.

Shares of Children’s Place, Inc. (NASDAQ:PLCE) traded up $3.25 during trading hours on Monday, hitting $127.20. The stock had a trading volume of 921,000 shares, compared to its average volume of 531,500. The company has a market capitalization of $2,240.00, a P/E ratio of 17.50, a P/E/G ratio of 1.87 and a beta of 0.27. Children’s Place, Inc. has a 1 year low of $92.95 and a 1 year high of $128.50.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last announced its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.12. The firm had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. Children’s Place, Inc. (The) had a return on equity of 26.58% and a net margin of 7.07%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. equities analysts expect that Children’s Place, Inc. will post 7.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, December 12th. Children’s Place, Inc. (The)’s payout ratio is currently 22.70%.

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.

Institutional Ownership by Quarter for Children`s Place, Inc. (The) (NASDAQ:PLCE)

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