State Board of Administration of Florida Retirement System boosted its position in shares of Childrens Place Inc (NASDAQ:PLCE) by 9.5% during the fourth quarter, Holdings Channel reports. The fund owned 9,640 shares of the company’s stock after buying an additional 837 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Childrens Place were worth $973,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of PLCE. Russell Investments Group Ltd. purchased a new stake in Childrens Place during the fourth quarter worth approximately $18,004,000. Bank of Montreal Can boosted its stake in Childrens Place by 65.3% in the third quarter. Bank of Montreal Can now owns 251,576 shares of the company’s stock worth $20,094,000 after buying an additional 99,414 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in Childrens Place by 511.1% in the third quarter. Highbridge Capital Management LLC now owns 110,000 shares of the company’s stock worth $8,786,000 after buying an additional 92,000 shares during the last quarter. LSV Asset Management boosted its stake in Childrens Place by 19.1% in the third quarter. LSV Asset Management now owns 441,162 shares of the company’s stock worth $35,235,000 after buying an additional 70,900 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Childrens Place by 5.0% in the third quarter. BlackRock Fund Advisors now owns 1,301,915 shares of the company’s stock worth $103,984,000 after buying an additional 62,343 shares during the last quarter.
Childrens Place Inc (NASDAQ:PLCE) opened at 118.50 on Friday. The stock’s 50 day moving average is $106.62 and its 200 day moving average is $94.58. Childrens Place Inc has a 52 week low of $66.92 and a 52 week high of $121.15. The stock has a market cap of $2.13 billion, a PE ratio of 21.94 and a beta of 0.41.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, March 8th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.59 by $0.29. Childrens Place had a net margin of 4.86% and a return on equity of 18.24%. The business earned $520.80 million during the quarter, compared to analyst estimates of $522.13 million. During the same quarter in the previous year, the business posted $1.19 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts predict that Childrens Place Inc will post $6.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Monday, April 10th will be issued a $0.40 dividend. The ex-dividend date is Thursday, April 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. This is a positive change from Childrens Place’s previous quarterly dividend of $0.20. Childrens Place’s payout ratio is currently 17.98%.
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PLCE has been the topic of a number of recent analyst reports. Bank of America Corp upgraded shares of Childrens Place from an “underperform” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Wednesday, November 30th. Buckingham Research assumed coverage on shares of Childrens Place in a report on Wednesday, February 22nd. They set a “buy” rating and a $120.00 price target on the stock. FBR & Co raised their target price on shares of Childrens Place from $102.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, January 4th. Citigroup Inc restated a “neutral” rating and issued a $122.00 target price (up previously from $111.00) on shares of Childrens Place in a report on Saturday, March 11th. Finally, Mizuho restated a “buy” rating and issued a $105.00 target price (up previously from $95.00) on shares of Childrens Place in a report on Tuesday, December 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $114.21.
In other news, CFO Anurup Pruthi sold 355 shares of the business’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $102.40, for a total value of $36,352.00. Following the completion of the sale, the chief financial officer now owns 12,951 shares in the company, valued at approximately $1,326,182.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.93% of the company’s stock.
About Childrens 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.
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