Childrens Place Inc (PLCE) Stake Raised by Foresters Investment Management Company Inc.

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Foresters Investment Management Company Inc. grew its position in shares of Childrens Place Inc (NASDAQ:PLCE) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,700 shares of the company’s stock after buying an additional 4,600 shares during the quarter. Foresters Investment Management Company Inc. owned 0.34% of Childrens Place worth $5,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Childrens Place by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 197,421 shares of the company’s stock valued at $17,784,000 after purchasing an additional 10,995 shares during the period. Neuburgh Advisers LLC raised its position in shares of Childrens Place by 46.5% during the 4th quarter. Neuburgh Advisers LLC now owns 12,206 shares of the company’s stock valued at $1,100,000 after purchasing an additional 3,876 shares during the period. Stifel Financial Corp raised its position in shares of Childrens Place by 2.0% during the 4th quarter. Stifel Financial Corp now owns 94,151 shares of the company’s stock valued at $8,491,000 after purchasing an additional 1,872 shares during the period. Flinton Capital Management LLC raised its position in shares of Childrens Place by 46.5% during the 4th quarter. Flinton Capital Management LLC now owns 10,052 shares of the company’s stock valued at $906,000 after purchasing an additional 3,192 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Childrens Place by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock valued at $68,708,000 after purchasing an additional 6,015 shares during the period.

Several analysts have recently commented on PLCE shares. Monness Crespi & Hardt restated a “buy” rating and set a $150.00 price objective (down from $165.00) on shares of Childrens Place in a research report on Friday, December 7th. Citigroup raised their price objective on shares of Childrens Place from $154.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. B. Riley decreased their price objective on shares of Childrens Place from $167.00 to $122.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. BidaskClub cut shares of Childrens Place from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $140.00 target price (down from $170.00) on shares of Childrens Place in a research note on Friday, December 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $122.63.

PLCE opened at $91.20 on Friday. The firm has a market cap of $1.54 billion, a P/E ratio of 13.51, a P/E/G ratio of 2.02 and a beta of 0.63. Childrens Place Inc has a fifty-two week low of $82.05 and a fifty-two week high of $160.23.

Childrens Place (NASDAQ:PLCE) last posted its earnings results on Monday, March 4th. The company reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.00). The company had revenue of $530.56 million for the quarter, compared to analysts’ expectations of $553.06 million. Childrens Place had a net margin of 5.21% and a return on equity of 33.68%. The business’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.52 earnings per share. As a group, equities analysts predict that Childrens Place Inc will post 5.67 EPS for the current fiscal year.

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Childrens Place Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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Institutional Ownership by Quarter for Childrens Place (NASDAQ:PLCE)

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