The Children’s Place, Inc. (NASDAQ:PLCE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of The Children’s Place, Inc. (NASDAQ:PLCE) by 0.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 44,007 shares of the company’s stock after selling 198 shares during the period. Rhumbline Advisers’ holdings in The Children’s Place were worth $3,067,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Deane Retirement Strategies Inc. acquired a new stake in shares of The Children’s Place during the 1st quarter worth $1,651,000. CI Investments Inc. acquired a new stake in shares of The Children’s Place during the 4th quarter worth $681,000. SummerHaven Investment Management LLC acquired a new stake in shares of The Children’s Place during the 4th quarter worth $589,000. Oppenheimer & Co. Inc. acquired a new stake in shares of The Children’s Place during the 4th quarter worth $200,000. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in The Children’s Place during the 4th quarter worth $8,638,000.

NASDAQ:PLCE opened at $92.16 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.24 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $82.65. The stock has a market cap of $1.35 billion, a PE ratio of 73.14, a P/E/G ratio of 1.94 and a beta of 2.27. The Children’s Place, Inc. has a 1-year low of $17.78 and a 1-year high of $103.33.

The Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, May 19th. The company reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $3.22. The Children’s Place had a net margin of 1.15% and a return on equity of 66.88%. The company had revenue of $435.80 million during the quarter, compared to analysts’ expectations of $331.15 million. During the same period in the prior year, the company posted ($1.96) EPS. The firm’s revenue for the quarter was up 70.8% on a year-over-year basis. On average, analysts predict that The Children’s Place, Inc. will post 6.16 earnings per share for the current year.

A number of brokerages recently weighed in on PLCE. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of The Children’s Place from a “sell” rating to a “neutral” rating and upped their price target for the stock from $50.00 to $95.00 in a research report on Friday, May 21st. Monness Crespi & Hardt upped their price target on shares of The Children’s Place from $93.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, May 24th. TheStreet raised shares of The Children’s Place from a “d+” rating to a “c” rating in a research report on Thursday, May 20th. B. Riley upped their price target on shares of The Children’s Place from $82.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 21st. Finally, Wedbush raised shares of The Children’s Place from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $48.00 to $150.00 in a research report on Monday, May 24th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $74.50.

The Children’s 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, Baby Place, Gymboree brand names.

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

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