Fmr LLC lifted its position in Childrens Place Inc (NASDAQ:PLCE) by 50.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 829,800 shares of the company’s stock after purchasing an additional 278,017 shares during the quarter. Fmr LLC owned 5.06% of Childrens Place worth $100,240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Davidson Kempner Capital Management LP bought a new stake in shares of Childrens Place during the second quarter worth $6,040,000. Verition Fund Management LLC bought a new stake in shares of Childrens Place during the second quarter worth $452,000. B. Riley Financial Inc. bought a new stake in shares of Childrens Place during the second quarter worth $390,000. Putnam Investments LLC grew its holdings in shares of Childrens Place by 0.6% during the second quarter. Putnam Investments LLC now owns 82,617 shares of the company’s stock worth $9,980,000 after purchasing an additional 500 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new stake in shares of Childrens Place during the second quarter worth $16,912,000.

Childrens Place stock opened at $146.90 on Friday. The stock has a market capitalization of $2.35 billion, a P/E ratio of 18.57, a PEG ratio of 2.17 and a beta of 0.20. Childrens Place Inc has a 12-month low of $111.85 and a 12-month high of $161.65.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Thursday, August 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. The business had revenue of $448.70 million for the quarter, compared to analysts’ expectations of $427.89 million. Childrens Place had a return on equity of 33.17% and a net margin of 3.76%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 earnings per share. On average, equities analysts forecast that Childrens Place Inc will post 8.23 EPS for the current year.

In other Childrens Place news, insider Jane T. Elfers sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $134.93, for a total transaction of $13,493,000.00. Following the transaction, the insider now owns 141,491 shares in the company, valued at $19,091,380.63. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.80% of the stock is currently owned by company insiders.

Several research firms recently issued reports on PLCE. Citigroup raised their price target on Childrens Place from $145.00 to $154.00 and gave the company a “buy” rating in a report on Friday, August 24th. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. BidaskClub upgraded Childrens Place from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Bank of America upgraded Childrens Place from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, Monness Crespi & Hardt upgraded Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Friday, August 24th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $148.91.

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Childrens Place Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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Institutional Ownership by Quarter for Childrens Place (NASDAQ:PLCE)

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