ETRADE Capital Management LLC Buys New Position in Children’s Place, Inc. (The) (PLCE)

ETRADE Capital Management LLC bought a new stake in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,316 shares of the company’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Profund Advisors LLC grew its stake in Children’s Place by 18.0% in the second quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock worth $311,000 after purchasing an additional 465 shares during the period. Airain ltd purchased a new stake in Children’s Place in the second quarter worth $1,032,000. Stifel Financial Corp grew its stake in Children’s Place by 42.7% in the second quarter. Stifel Financial Corp now owns 36,929 shares of the company’s stock worth $3,773,000 after purchasing an additional 11,056 shares during the period. Old Mutual Global Investors UK Ltd. grew its stake in Children’s Place by 42.3% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 373,527 shares of the company’s stock worth $38,137,000 after purchasing an additional 110,995 shares during the period. Finally, Legato Capital Management LLC purchased a new stake in Children’s Place in the third quarter worth $680,000.

Shares of Children’s Place, Inc. (NASDAQ:PLCE) opened at $136.35 on Tuesday. Children’s Place, Inc. has a 1-year low of $92.95 and a 1-year high of $139.95. The company has a market capitalization of $2,308.39, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.96 and a beta of 0.33.

Children’s Place (NASDAQ:PLCE) last released its earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. Children’s Place had a return on equity of 26.58% and a net margin of 7.07%. The business had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. During the same period in the previous year, the company posted $2.29 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts anticipate that Children’s Place, Inc. will post 7.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, December 12th. Children’s Place’s dividend payout ratio (DPR) is 22.66%.

Several brokerages recently weighed in on PLCE. BMO Capital Markets set a $112.00 price target on Children’s Place and gave the stock a “hold” rating in a research note on Sunday, September 10th. B. Riley reaffirmed a “buy” rating on shares of Children’s Place in a research note on Wednesday, November 1st. Buckingham Research upped their price target on Children’s Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Telsey Advisory Group upped their price target on Children’s Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Finally, ValuEngine raised Children’s Place from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $131.67.

WARNING: This story was published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.com-unik.info/2017/12/05/etrade-capital-management-llc-buys-new-position-in-childrens-place-inc-the-plce.html.

About Children’s Place

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 (NASDAQ:PLCE)

What are top analysts saying about Children's Place Inc. (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Children's Place Inc. (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit