Neuburgh Advisers LLC grew its stake in Childrens Place Inc (NASDAQ:PLCE) by 19.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,620 shares of the company’s stock after purchasing an additional 2,414 shares during the quarter. Neuburgh Advisers LLC’s holdings in Childrens Place were worth $1,422,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its position in shares of Childrens Place by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 6,272 shares of the company’s stock valued at $610,000 after purchasing an additional 113 shares during the period. Mason Street Advisors LLC raised its position in shares of Childrens Place by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,201 shares of the company’s stock valued at $506,000 after purchasing an additional 172 shares during the period. Rhumbline Advisers raised its position in shares of Childrens Place by 0.4% in the first quarter. Rhumbline Advisers now owns 47,699 shares of the company’s stock valued at $4,640,000 after purchasing an additional 178 shares during the period. Sapphire Star Partners LP raised its position in shares of Childrens Place by 2.6% in the fourth quarter. Sapphire Star Partners LP now owns 7,519 shares of the company’s stock valued at $677,000 after purchasing an additional 193 shares during the period. Finally, Piedmont Investment Advisors Inc. raised its position in shares of Childrens Place by 5.2% in the first quarter. Piedmont Investment Advisors Inc. now owns 4,048 shares of the company’s stock valued at $394,000 after purchasing an additional 199 shares during the period.
A number of equities analysts recently commented on PLCE shares. BidaskClub lowered shares of Childrens Place from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 14th. B. Riley lowered their price target on shares of Childrens Place from $167.00 to $122.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Citigroup lowered shares of Childrens Place from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $130.00 to $97.00 in a research report on Tuesday, February 26th. ValuEngine raised shares of Childrens Place from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, Deutsche Bank started coverage on shares of Childrens Place in a research report on Tuesday, April 16th. They set a “hold” rating and a $103.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $124.67.
Shares of Childrens Place stock opened at $96.15 on Friday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 1.86 and a beta of 0.86. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.22 and a current ratio of 0.79. Childrens Place Inc has a 12-month low of $82.05 and a 12-month high of $160.23.
Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.89. The firm had revenue of $412.40 million for the quarter, compared to the consensus estimate of $399.40 million. Childrens Place had a net margin of 3.86% and a return on equity of 27.26%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. On average, analysts predict that Childrens Place Inc will post 6.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, June 17th. This represents a $2.24 dividend on an annualized basis and a yield of 2.33%. Childrens Place’s payout ratio is 33.19%.
In other Childrens Place news, VP Robert F. Helm sold 227 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total transaction of $25,149.33. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Claudia Lima-Guinehut sold 932 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $107.00, for a total transaction of $99,724.00. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
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About Childrens Place
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.
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