Children’s Place, Inc. (The) (NASDAQ:PLCE) Position Maintained by Shell Asset Management Co.

Shell Asset Management Co. maintained its stake in Children’s Place, Inc. (The) (NASDAQ:PLCE) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 27,740 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co. owned 0.16% of Children’s Place, Inc. (The) worth $2,832,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Children’s Place, Inc. (The) by 19,592.4% in the first quarter. BlackRock Inc. now owns 2,432,404 shares of the company’s stock worth $292,011,000 after buying an additional 2,420,052 shares in the last quarter. Norges Bank acquired a new stake in Children’s Place, Inc. (The) during the fourth quarter worth approximately $26,916,000. Columbus Circle Investors acquired a new stake in Children’s Place, Inc. (The) during the first quarter worth approximately $29,558,000. Renaissance Technologies LLC raised its stake in Children’s Place, Inc. (The) by 41.6% in the first quarter. Renaissance Technologies LLC now owns 720,060 shares of the company’s stock worth $86,443,000 after buying an additional 211,700 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Children’s Place, Inc. (The) by 42.1% in the first quarter. Acadian Asset Management LLC now owns 496,517 shares of the company’s stock worth $59,608,000 after buying an additional 147,100 shares in the last quarter.

Children’s Place, Inc. (NASDAQ:PLCE) opened at 100.20 on Friday. The firm has a 50-day moving average price of $105.64 and a 200-day moving average price of $108.12. The company has a market capitalization of $1.77 billion, a P/E ratio of 14.33 and a beta of 0.33. Children’s Place, Inc. has a 1-year low of $70.90 and a 1-year high of $125.30.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last released its earnings results on Wednesday, August 9th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.11. The company had revenue of $373.60 million during the quarter, compared to analyst estimates of $376.53 million. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. Children’s Place, Inc. (The)’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. On average, analysts forecast that Children’s Place, Inc. will post $7.34 EPS for the current fiscal year.

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

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A number of equities research analysts have recently commented on PLCE shares. BMO Capital Markets set a $112.00 price target on Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research report on Thursday, July 6th. ValuEngine upgraded Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, May 19th. BidaskClub downgraded Children’s Place, Inc. (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Telsey Advisory Group upgraded Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Monday, June 26th. Finally, FBR & Co reiterated an “outperform” rating and set a $127.00 price objective on shares of Children’s Place, Inc. (The) in a report on Friday, June 9th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $125.00.

In other Children’s Place, Inc. (The) news, SVP Kevin Low sold 14,517 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $109.04, for a total transaction of $1,582,933.68. Following the completion of the transaction, the senior vice president now directly owns 33,565 shares of the company’s stock, valued at $3,659,927.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Scarpa sold 37,231 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $108.08, for a total value of $4,023,926.48. Following the transaction, the insider now directly owns 59,084 shares of the company’s stock, valued at $6,385,798.72. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

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.

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

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