Alps Advisors Inc. Takes $648,000 Position in Childrens Place Inc (PLCE)

Alps Advisors Inc. purchased a new position in Childrens Place Inc (NASDAQ:PLCE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 7,194 shares of the company’s stock, valued at approximately $648,000.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. boosted its stake in Childrens Place by 2.3% in the 3rd quarter. BlackRock Inc. now owns 2,336,783 shares of the company’s stock worth $298,641,000 after buying an additional 51,966 shares during the last quarter. FMR LLC lifted its stake in shares of Childrens Place by 20.5% in the 3rd quarter. FMR LLC now owns 999,998 shares of the company’s stock valued at $127,799,000 after purchasing an additional 170,198 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Childrens Place by 59.2% in the 3rd quarter. Marshall Wace LLP now owns 429,954 shares of the company’s stock valued at $54,948,000 after purchasing an additional 159,830 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Childrens Place by 2.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 424,556 shares of the company’s stock valued at $54,259,000 after purchasing an additional 9,361 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Childrens Place by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 295,855 shares of the company’s stock valued at $37,810,000 after purchasing an additional 3,453 shares in the last quarter.

PLCE has been the topic of several research analyst reports. BidaskClub lowered Childrens Place from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $150.00 price objective (down from $165.00) on shares of Childrens Place in a research note on Friday, December 7th. B. Riley reaffirmed a “buy” rating on shares of Childrens Place in a research note on Wednesday, November 14th. Wolfe Research reaffirmed a “peer perform” rating and issued a $135.00 price objective (down from $169.00) on shares of Childrens Place in a research note on Thursday, December 6th. Finally, Citigroup lifted their price objective on Childrens Place from $154.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, December 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $146.22.

NASDAQ PLCE opened at $91.11 on Thursday. The stock has a market capitalization of $1.48 billion, a PE ratio of 11.52, a PEG ratio of 1.17 and a beta of 0.64. Childrens Place Inc has a 1-year low of $84.46 and a 1-year high of $160.23.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Thursday, December 6th. The company reported $3.07 EPS for the quarter, hitting the consensus estimate of $3.07. The firm had revenue of $522.50 million for the quarter, compared to analyst estimates of $511.19 million. Childrens Place had a return on equity of 37.97% and a net margin of 4.00%. Childrens Place’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.58 EPS. Sell-side analysts anticipate that Childrens Place Inc will post 7.8 earnings per share for the current fiscal year.

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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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