Comerica Bank boosted its position in Childrens Place Inc (NASDAQ:PLCE) by 19.2% in the fourth quarter, HoldingsChannel reports. The firm owned 22,193 shares of the company’s stock after buying an additional 3,582 shares during the quarter. Comerica Bank’s holdings in Childrens Place were worth $3,502,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Childrens Place by 17.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,103 shares of the company’s stock worth $887,000 after purchasing an additional 921 shares in the last quarter. Congress Asset Management Co. MA raised its holdings in Childrens Place by 33.9% in the fourth quarter. Congress Asset Management Co. MA now owns 35,058 shares of the company’s stock worth $5,096,000 after purchasing an additional 8,880 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Childrens Place in the fourth quarter worth $143,000. APG Asset Management N.V. increased its holdings in shares of Childrens Place by 267.9% during the fourth quarter. APG Asset Management N.V. now owns 336,300 shares of the company’s stock valued at $40,707,000 after acquiring an additional 244,900 shares in the last quarter. Finally, Boston Advisors LLC increased its holdings in shares of Childrens Place by 1.1% during the fourth quarter. Boston Advisors LLC now owns 88,385 shares of the company’s stock valued at $12,847,000 after acquiring an additional 1,000 shares in the last quarter.
Several brokerages have recently weighed in on PLCE. Telsey Advisory Group raised their price target on Childrens Place from $140.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. SunTrust Banks raised their price target on Childrens Place to $157.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. They noted that the move was a valuation call. BidaskClub upgraded Childrens Place from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. BMO Capital Markets set a $130.00 price target on Childrens Place and gave the company a “hold” rating in a report on Tuesday, December 19th. Finally, B. Riley restated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $139.15.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.46 by $0.12. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The company had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. During the same period last year, the company earned $2.29 EPS. Childrens Place’s revenue for the quarter was up 3.4% on a year-over-year basis. equities analysts expect that Childrens Place Inc will post 7.87 EPS for the current year.
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Childrens Place Company Profile
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.
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