OppenheimerFunds Inc. lifted its holdings in shares of Childrens Place Inc (NASDAQ:PLCE) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 390,381 shares of the company’s stock after acquiring an additional 3,086 shares during the quarter. OppenheimerFunds Inc. owned 2.47% of Childrens Place worth $37,975,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in Childrens Place by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 6,272 shares of the company’s stock worth $610,000 after purchasing an additional 113 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of Childrens Place by 3.4% during the first quarter. Mason Street Advisors LLC now owns 5,201 shares of the company’s stock worth $506,000 after acquiring an additional 172 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Childrens Place by 0.4% during the first quarter. Rhumbline Advisers now owns 47,699 shares of the company’s stock worth $4,640,000 after acquiring an additional 178 shares in the last quarter. Sapphire Star Partners LP raised its stake in shares of Childrens Place by 2.6% during the fourth quarter. Sapphire Star Partners LP now owns 7,519 shares of the company’s stock worth $677,000 after acquiring an additional 193 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its stake in shares of Childrens Place by 5.2% during the first quarter. Piedmont Investment Advisors Inc. now owns 4,048 shares of the company’s stock worth $394,000 after acquiring an additional 199 shares in the last quarter.
In other Childrens Place news, SVP Claudia Lima-Guinehut sold 932 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $107.00, for a total value of $99,724.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert F. Helm sold 227 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $110.79, for a total value of $25,149.33. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.
Childrens Place stock traded down $1.68 during mid-day trading on Wednesday, reaching $94.76. The stock had a trading volume of 12,632 shares, compared to its average volume of 733,276. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.86 and a beta of 0.86. Childrens Place Inc has a one year low of $82.05 and a one year high of $160.23. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.79 and a quick ratio of 0.22.
Childrens Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.53) by $0.89. Childrens Place had a return on equity of 27.26% and a net margin of 3.86%. The business had revenue of $412.40 million during the quarter, compared to analyst estimates of $399.40 million. During the same quarter in the previous year, the firm earned $1.87 EPS. Childrens Place’s revenue was down 5.5% on a year-over-year basis. On average, equities analysts expect that Childrens Place Inc will post 6.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Monday, June 17th. Childrens Place’s payout ratio is currently 33.19%.
PLCE has been the topic of several research reports. Telsey Advisory Group reissued an “outperform” rating and set a $100.00 price target (down from $120.00) on shares of Childrens Place in a research note on Tuesday, March 5th. Citigroup downgraded shares of Childrens Place from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $97.00 in a research note on Tuesday, February 26th. BidaskClub upgraded shares of Childrens Place from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 27th. ValuEngine cut shares of Childrens Place from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Finally, DA Davidson began coverage on shares of Childrens Place in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $135.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $124.67.
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About Childrens Place
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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