Landscape Capital Management L.L.C. acquired a new stake in shares of Childrens Place Inc (NASDAQ:PLCE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 62,417 shares of the company’s stock, valued at approximately $5,953,000. Landscape Capital Management L.L.C. owned approximately 0.39% of Childrens Place at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its position in shares of Childrens Place by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,272 shares of the company’s stock valued at $610,000 after purchasing an additional 113 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Childrens Place by 15.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099 shares of the company’s stock valued at $105,000 after acquiring an additional 150 shares during the last quarter. Mason Street Advisors LLC increased its position in Childrens Place by 3.4% during the first quarter. Mason Street Advisors LLC now owns 5,201 shares of the company’s stock valued at $506,000 after acquiring an additional 172 shares during the last quarter. Rhumbline Advisers increased its position in Childrens Place by 0.4% during the first quarter. Rhumbline Advisers now owns 47,699 shares of the company’s stock valued at $4,640,000 after acquiring an additional 178 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. increased its position in Childrens Place by 5.2% during the first quarter. Piedmont Investment Advisors Inc. now owns 4,048 shares of the company’s stock valued at $394,000 after acquiring an additional 199 shares during the last quarter.
PLCE has been the subject of a number of analyst reports. DA Davidson initiated coverage on Childrens Place in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $135.00 price target for the company. Citigroup upped their price target on Childrens Place from $90.00 to $106.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Deutsche Bank upgraded Childrens Place from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Thursday. TheStreet cut Childrens Place from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Finally, BidaskClub cut Childrens Place from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Childrens Place has a consensus rating of “Buy” and an average target price of $124.67.
In other Childrens Place news, SVP Claudia Lima-Guinehut sold 932 shares of the business’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 transaction of $99,724.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.
PLCE traded up $1.35 during trading on Thursday, hitting $77.63. 26,024 shares of the stock were exchanged, compared to its average volume of 623,091. The stock has a 50 day moving average price of $93.77. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.59 and a beta of 0.83. Childrens Place Inc has a 1 year low of $76.15 and a 1 year high of $160.23. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.22 and a current ratio of 0.79.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.36 EPS for the quarter, topping the 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 company had revenue of $412.40 million for the quarter, compared to the consensus estimate of $399.40 million. During the same period last year, the business posted $1.87 EPS. Childrens Place’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, equities analysts forecast that Childrens Place Inc will post 6.34 EPS for the current year.
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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