Bank of New York Mellon Corp Sells 209,276 Shares of Children’s Place, Inc. (The) (PLCE)

Bank of New York Mellon Corp lowered its stake in Children’s Place, Inc. (The) (NASDAQ:PLCE) by 44.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,335 shares of the company’s stock after selling 209,276 shares during the quarter. Bank of New York Mellon Corp owned about 1.48% of Children’s Place, Inc. (The) worth $26,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strs Ohio raised its stake in shares of Children’s Place, Inc. (The) by 150.0% in the first quarter. Strs Ohio now owns 1,000 shares of the company’s stock worth $120,000 after buying an additional 600 shares during the period. LS Investment Advisors LLC raised its stake in shares of Children’s Place, Inc. (The) by 73.8% in the first quarter. LS Investment Advisors LLC now owns 1,220 shares of the company’s stock worth $146,000 after buying an additional 518 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Children’s Place, Inc. (The) in the first quarter worth about $194,000. Meeder Asset Management Inc. bought a new position in shares of Children’s Place, Inc. (The) in the second quarter worth about $182,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Children’s Place, Inc. (The) in the first quarter worth about $225,000.

Several research analysts have recently commented on the company. BMO Capital Markets set a $112.00 price objective on Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, August 8th. BidaskClub raised Children’s Place, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 9th. ValuEngine raised Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. FBR & Co set a $127.00 price objective on Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, May 18th. Finally, Bank of America Corporation set a $140.00 price objective on Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $125.00.

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Children’s Place, Inc. (NASDAQ PLCE) opened at 115.55 on Wednesday. Children’s Place, Inc. has a 12 month low of $70.90 and a 12 month high of $125.30. The company’s 50-day moving average price is $106.14 and its 200 day moving average price is $108.88. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 16.52 and a beta of 0.31.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.11. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. The company had revenue of $373.60 million for the quarter, compared to analysts’ expectations of $376.53 million. During the same period last year, the firm earned ($0.01) earnings per share. Children’s Place, Inc. (The)’s quarterly revenue was up .6% on a year-over-year basis. Analysts predict that Children’s Place, Inc. will post $7.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Monday, September 11th. Children’s Place, Inc. (The)’s dividend payout ratio is presently 22.92%.

About Children’s Place, Inc. (The)

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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Institutional Ownership by Quarter for Children`s Place, Inc. (The) (NASDAQ:PLCE)

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