Victory Capital Management Inc. purchased a new stake in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 66,320 shares of the company’s stock, valued at approximately $6,772,000. Victory Capital Management Inc. owned 0.38% of Children’s Place, Inc. (The) at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PLCE. BlackRock Inc. raised its holdings in shares of Children’s Place, Inc. (The) by 19,592.4% during the first quarter. BlackRock Inc. now owns 2,432,404 shares of the company’s stock valued at $292,011,000 after acquiring an additional 2,420,052 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Children’s Place, Inc. (The) by 41.6% during the first quarter. Renaissance Technologies LLC now owns 720,060 shares of the company’s stock valued at $86,443,000 after acquiring an additional 211,700 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Children’s Place, Inc. (The) during the second quarter valued at approximately $9,731,000. Systematic Financial Management LP raised its holdings in shares of Children’s Place, Inc. (The) by 541.3% during the first quarter. Systematic Financial Management LP now owns 105,958 shares of the company’s stock valued at $12,720,000 after acquiring an additional 89,435 shares during the period. Finally, Pioneer Investment Management Inc. acquired a new stake in shares of Children’s Place, Inc. (The) during the second quarter valued at approximately $7,499,000.

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A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets set a $112.00 price target on shares of Children’s Place, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Children’s Place, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Bank of America Corporation set a $140.00 price target on shares of Children’s Place, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, June 13th. ValuEngine upgraded shares of Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, May 19th. Finally, FBR & Co set a $127.00 price target on shares of Children’s Place, Inc. (The) and gave the company a “buy” rating in a report on Thursday, May 18th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $125.00.

Children’s Place, Inc. (NASDAQ:PLCE) opened at 109.95 on Thursday. Children’s Place, Inc. has a 1-year low of $70.90 and a 1-year high of $125.30. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 15.72 and a beta of 0.31. The firm has a 50-day moving average of $105.47 and a 200 day moving average of $108.65.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last issued its earnings results on Wednesday, August 9th. The company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.11. The firm had revenue of $373.60 million during the quarter, compared to the consensus estimate of $376.53 million. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. Analysts expect that Children’s Place, Inc. will post $7.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Monday, September 11th. Children’s Place, Inc. (The)’s payout ratio is 22.92%.

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.

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

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