The Children’s Place, Inc. (NASDAQ:PLCE) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of The Children’s Place, Inc. (NASDAQ:PLCE) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,460 shares of the company’s stock after purchasing an additional 1,114 shares during the quarter. Renaissance Technologies LLC owned 1.28% of The Children’s Place worth $17,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLCE. First Trust Advisors LP grew its stake in shares of The Children’s Place by 98.8% during the 1st quarter. First Trust Advisors LP now owns 10,020 shares of the company’s stock worth $975,000 after purchasing an additional 4,979 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in shares of The Children’s Place by 12.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 13,865 shares of the company’s stock worth $1,349,000 after purchasing an additional 1,502 shares during the period. JPMorgan Chase & Co. grew its stake in shares of The Children’s Place by 1.1% during the 1st quarter. JPMorgan Chase & Co. now owns 87,030 shares of the company’s stock worth $6,066,000 after purchasing an additional 940 shares during the period. Geode Capital Management LLC grew its stake in shares of The Children’s Place by 9.3% during the 1st quarter. Geode Capital Management LLC now owns 240,812 shares of the company’s stock worth $16,784,000 after purchasing an additional 20,457 shares during the period. Finally, Northern Trust Corp grew its stake in The Children’s Place by 19.0% in the 1st quarter. Northern Trust Corp now owns 287,464 shares of the company’s stock valued at $20,037,000 after acquiring an additional 45,948 shares during the period.

In other The Children’s Place news, CEO Jane T. Elfers sold 34,225 shares of the firm’s stock in a transaction on Monday, August 23rd. The stock was sold at an average price of $99.46, for a total value of $3,404,018.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.01% of the company’s stock.

Shares of PLCE stock opened at $83.11 on Thursday. The stock’s fifty day moving average is $87.60 and its two-hundred day moving average is $86.69. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.22 and a current ratio of 0.91. The firm has a market capitalization of $1.22 billion, a P/E ratio of 13.74, a PEG ratio of 0.97 and a beta of 2.26. The Children’s Place, Inc. has a fifty-two week low of $24.58 and a fifty-two week high of $107.33.

The Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings data on Tuesday, August 17th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $1.21. The company had revenue of $413.90 million for the quarter, compared to analyst estimates of $442.55 million. The Children’s Place had a return on equity of 91.35% and a net margin of 5.17%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted ($1.48) EPS. On average, equities analysts forecast that The Children’s Place, Inc. will post 10.28 earnings per share for the current year.

A number of equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of The Children’s Place from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, August 19th. Telsey Advisory Group lifted their price target on shares of The Children’s Place from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, August 16th. Finally, B. Riley raised shares of The Children’s Place from a “neutral” rating to a “buy” rating and lifted their price target for the company from $92.00 to $130.00 in a research note on Monday, August 16th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $100.11.

About The Children’s Place

The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. The firm operates through the following segments: Children’s Place U.S.

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

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