APG Asset Management N.V. bought a new position in shares of Childrens Place Inc (NASDAQ:PLCE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,000 shares of the company’s stock, valued at approximately $1,819,000. APG Asset Management N.V. owned 0.14% of Childrens Place as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantitative Investment Management LLC acquired a new stake in Childrens Place in the first quarter valued at approximately $485,000. Maverick Capital Ltd. boosted its position in shares of Childrens Place by 723.0% in the 1st quarter. Maverick Capital Ltd. now owns 239,420 shares of the company’s stock worth $4,683,000 after purchasing an additional 210,329 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Childrens Place by 1,537.8% in the 1st quarter. Two Sigma Investments LP now owns 56,074 shares of the company’s stock worth $1,097,000 after purchasing an additional 59,974 shares in the last quarter. Wells Fargo & Company MN increased its position in Childrens Place by 35.6% during the 1st quarter. Wells Fargo & Company MN now owns 43,024 shares of the company’s stock valued at $841,000 after buying an additional 11,296 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Childrens Place by 3.8% in the first quarter. Geode Capital Management LLC now owns 221,606 shares of the company’s stock valued at $4,333,000 after buying an additional 8,207 shares during the last quarter.
Several research firms have recently issued reports on PLCE. Deutsche Bank upped their price objective on shares of Childrens Place from $44.00 to $55.00 and gave the company a “buy” rating in a report on Friday, June 12th. Telsey Advisory Group cut their price target on shares of Childrens Place from $80.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 18th. ValuEngine raised shares of Childrens Place from a “sell” rating to a “hold” rating in a report on Thursday, May 21st. Barclays dropped their price objective on shares of Childrens Place from $55.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Finally, Citigroup raised their target price on Childrens Place from $35.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Childrens Place currently has a consensus rating of “Hold” and a consensus target price of $57.15.
Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings results on Thursday, June 11th. The company reported ($1.96) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($2.26) by $0.30. The company had revenue of $255.20 million during the quarter, compared to the consensus estimate of $261.78 million. Childrens Place had a positive return on equity of 23.44% and a negative net margin of 2.68%. Childrens Place’s revenue for the quarter was down 38.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. As a group, equities analysts anticipate that Childrens Place Inc will post 0.69 EPS for the current fiscal year.
In other Childrens Place news, Director John E. Bachman purchased 3,200 shares of the stock in a transaction on Thursday, April 9th. The shares were bought at an average price of $24.94 per share, for a total transaction of $79,808.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth J. Boland acquired 2,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was acquired at an average price of $39.19 per share, with a total value of $78,380.00. The disclosure for this purchase can be found here. Insiders have purchased 33,500 shares of company stock worth $639,571 over the last three months. 3.69% of the stock is currently owned by insiders.
Childrens Place Profile
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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