Victory Capital Management Inc. trimmed its holdings in Childrens Place Inc (NASDAQ:PLCE) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,509 shares of the company’s stock after selling 6,441 shares during the period. Victory Capital Management Inc.’s holdings in Childrens Place were worth $14,899,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Navellier & Associates Inc boosted its stake in Childrens Place by 1.9% in the 2nd quarter. Navellier & Associates Inc now owns 3,399 shares of the company’s stock worth $347,000 after buying an additional 65 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Childrens Place by 5.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the company’s stock worth $1,090,000 after buying an additional 400 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in Childrens Place by 17.1% in the 3rd quarter. TrimTabs Asset Management LLC now owns 3,220 shares of the company’s stock worth $380,000 after buying an additional 471 shares during the last quarter. Vident Investment Advisory LLC boosted its stake in Childrens Place by 2.1% in the 3rd quarter. Vident Investment Advisory LLC now owns 25,488 shares of the company’s stock worth $3,011,000 after buying an additional 520 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in Childrens Place by 18.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 4,529 shares of the company’s stock worth $535,000 after buying an additional 719 shares during the last quarter.

PLCE has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $112.00 price target on shares of Childrens Place in a research note on Thursday, November 2nd. Buckingham Research raised their price objective on Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. BidaskClub upgraded Childrens Place from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, Telsey Advisory Group raised their price objective on Childrens Place from $140.00 to $164.00 and gave the stock an “outperform” rating in a report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $139.15.

Childrens Place Inc (NASDAQ PLCE) opened at $148.10 on Wednesday. The company has a market capitalization of $2,609.33, a PE ratio of 20.98, a PEG ratio of 1.85 and a beta of 0.23. Childrens Place Inc has a twelve month low of $94.95 and a twelve month high of $161.65.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. The company had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $2.29 EPS. analysts forecast that Childrens Place Inc will post 7.87 EPS for the current year.

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Childrens 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 Childrens Place (NASDAQ:PLCE)

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