American International Group Inc. increased its stake in Childrens Place Inc (NASDAQ:PLCE) by 5.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,713 shares of the company’s stock after purchasing an additional 737 shares during the quarter. American International Group Inc. owned approximately 0.08% of Childrens Place worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Riverhead Capital Management LLC increased its stake in Childrens Place by 80.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock worth $129,000 after purchasing an additional 565 shares in the last quarter. Advisor Group Inc. increased its stake in Childrens Place by 169.9% in the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock worth $209,000 after purchasing an additional 1,113 shares in the last quarter. Flinton Capital Management LLC increased its stake in Childrens Place by 70.0% in the 2nd quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock worth $194,000 after purchasing an additional 784 shares in the last quarter. Csenge Advisory Group purchased a new position in Childrens Place in the 3rd quarter worth about $231,000. Finally, Sapphire Star Partners LP purchased a new position in Childrens Place in the 3rd quarter worth about $242,000.
A number of equities analysts recently weighed in on the company. BMO Capital Markets set a $112.00 price target on Childrens Place and gave the stock a “hold” rating in a research note on Sunday, September 10th. BidaskClub raised Childrens Place from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. B. Riley reaffirmed a “buy” rating on shares of Childrens Place in a research note on Wednesday, November 1st. Buckingham Research lifted their target price on Childrens Place from $139.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Telsey Advisory Group lifted their target price on Childrens Place from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $131.67.
Childrens Place (NASDAQ:PLCE) last released its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.46 by $0.12. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The company had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $480.28 million. During the same quarter in the previous year, the business posted $2.29 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. sell-side analysts predict that Childrens Place Inc will post 7.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. Childrens Place’s dividend payout ratio is 22.66%.
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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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