Driehaus Capital Management LLC cut its position in Childrens Place Inc (NASDAQ:PLCE) by 29.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,300 shares of the company’s stock after selling 6,302 shares during the quarter. Driehaus Capital Management LLC’s holdings in Childrens Place were worth $2,224,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nationwide Fund Advisors boosted its position in shares of Childrens Place by 131.0% in the 3rd quarter. Nationwide Fund Advisors now owns 110,629 shares of the company’s stock valued at $13,071,000 after purchasing an additional 62,737 shares during the period. Wells Fargo & Company MN lifted its position in Childrens Place by 24.5% during the 3rd quarter. Wells Fargo & Company MN now owns 124,089 shares of the company’s stock worth $14,661,000 after acquiring an additional 24,456 shares during the period. Balter Liquid Alternatives LLC lifted its position in Childrens Place by 81.3% during the 4th quarter. Balter Liquid Alternatives LLC now owns 6,572 shares of the company’s stock worth $955,000 after acquiring an additional 2,947 shares during the period. Royce & Associates LP lifted its position in Childrens Place by 2.4% during the 3rd quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock worth $136,104,000 after acquiring an additional 27,431 shares during the period. Finally, 361 Capital LLC acquired a new stake in Childrens Place during the 3rd quarter worth approximately $2,261,000.
A number of analysts have weighed in on the company. Telsey Advisory Group increased their price objective on Childrens Place from $140.00 to $164.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 2nd. SunTrust Banks increased their price objective on Childrens Place to $157.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. They noted that the move was a valuation call. BidaskClub raised Childrens Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. BMO Capital Markets set a $130.00 price objective on Childrens Place and gave the stock a “hold” rating in a research report on Tuesday, December 19th. Finally, Cowen assumed coverage on Childrens Place in a research report on Thursday, March 1st. They set an “outperform” rating and a $160.00 price objective for the company. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Childrens Place currently has an average rating of “Buy” and a consensus target price of $145.80.
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Childrens Place 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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