Alps Advisors Inc. purchased a new position in Childrens Place Inc (NASDAQ:PLCE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,194 shares of the company’s stock, valued at approximately $648,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quantamental Technologies LLC acquired a new stake in Childrens Place during the 4th quarter worth $92,000. LS Investment Advisors LLC boosted its stake in Childrens Place by 169.5% during the 4th quarter. LS Investment Advisors LLC now owns 1,412 shares of the company’s stock worth $127,000 after purchasing an additional 888 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Childrens Place during the 3rd quarter worth $236,000. FNY Investment Advisers LLC acquired a new stake in Childrens Place during the 3rd quarter worth $239,000. Finally, First Hawaiian Bank acquired a new stake in Childrens Place during the 3rd quarter worth $291,000.
Shares of NASDAQ:PLCE opened at $91.11 on Thursday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.17 and a beta of 0.64. Childrens Place Inc has a 1 year low of $84.46 and a 1 year high of $160.23.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Thursday, December 6th. The company reported $3.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $3.07. The company had revenue of $522.50 million for the quarter, compared to analyst estimates of $511.19 million. Childrens Place had a net margin of 4.00% and a return on equity of 37.97%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 earnings per share. As a group, sell-side analysts anticipate that Childrens Place Inc will post 7.8 EPS for the current fiscal year.
Several brokerages have issued reports on PLCE. BidaskClub cut shares of Childrens Place from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 9th. ValuEngine cut shares of Childrens Place from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $140.00 target price (down previously from $170.00) on shares of Childrens Place in a research note on Friday, December 7th. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $150.00 target price (down previously from $165.00) on shares of Childrens Place in a research note on Friday, December 7th. Finally, Wolfe Research reaffirmed a “peer perform” rating and set a $135.00 target price (down previously from $169.00) on shares of Childrens Place in a research note on Thursday, December 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $146.22.
COPYRIGHT VIOLATION WARNING: “7,194 Shares in Childrens Place Inc (PLCE) Acquired by Alps Advisors Inc.” was reported by Macon Daily and is the sole property of of Macon Daily. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://macondaily.com/2019/02/14/7194-shares-in-childrens-place-inc-plce-acquired-by-alps-advisors-inc.html.
Childrens Place Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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.
Read More: Short Selling Stocks, A Beginner’s Guide
Receive News & Ratings for Childrens Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place and related companies with MarketBeat.com's FREE daily email newsletter.