Emerald Advisers LLC Increases Holdings in Childrens Place Inc (PLCE)

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Emerald Advisers LLC raised its holdings in shares of Childrens Place Inc (NASDAQ:PLCE) by 8.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,139 shares of the company’s stock after purchasing an additional 24,070 shares during the quarter. Childrens Place makes up 1.2% of Emerald Advisers LLC’s holdings, making the stock its 29th biggest position. Emerald Advisers LLC’s holdings in Childrens Place were worth $28,614,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PLCE. PNC Financial Services Group Inc. grew its holdings in shares of Childrens Place by 30.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 953 shares of the company’s stock worth $86,000 after purchasing an additional 223 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in Childrens Place in the fourth quarter valued at approximately $92,000. Quantamental Technologies LLC bought a new stake in Childrens Place in the fourth quarter valued at approximately $92,000. ClariVest Asset Management LLC bought a new stake in Childrens Place in the fourth quarter valued at approximately $108,000. Finally, LS Investment Advisors LLC boosted its holdings in Childrens Place by 169.5% in the fourth quarter. LS Investment Advisors LLC now owns 1,412 shares of the company’s stock valued at $127,000 after acquiring an additional 888 shares during the last quarter.

Shares of PLCE opened at $115.00 on Friday. Childrens Place Inc has a 52-week low of $82.05 and a 52-week high of $160.23. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 2.39 and a beta of 0.69.

Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Monday, March 4th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.00). Childrens Place had a net margin of 5.21% and a return on equity of 34.25%. The business had revenue of $530.56 million during the quarter, compared to analyst estimates of $553.06 million. During the same period last year, the firm posted $2.52 earnings per share. Childrens Place’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities research analysts anticipate that Childrens Place Inc will post 5.9 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from Childrens Place’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, April 12th. Childrens Place’s dividend payout ratio is presently 33.19%.

Several analysts recently commented on PLCE shares. ValuEngine cut Childrens Place from a “sell” rating to a “strong sell” rating in a report on Saturday, January 5th. BidaskClub cut Childrens Place from a “sell” rating to a “strong sell” rating in a report on Friday, January 11th. Citigroup cut Childrens Place from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $97.00 in a report on Tuesday, February 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $100.00 target price (down from $120.00) on shares of Childrens Place in a report on Tuesday, March 5th. Finally, B. Riley reduced their target price on Childrens Place from $167.00 to $122.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $120.78.

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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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Institutional Ownership by Quarter for Childrens Place (NASDAQ:PLCE)

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