CIBC World Markets Inc. Sells 1,471 Shares of Children’s Place, Inc. (The) (PLCE)

CIBC World Markets Inc. trimmed its stake in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,652 shares of the company’s stock after selling 1,471 shares during the quarter. CIBC World Markets Inc. owned 0.07% of Children’s Place, Inc. (The) worth $1,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alps Advisors Inc. boosted its holdings in Children’s Place, Inc. (The) by 0.3% during the second quarter. Alps Advisors Inc. now owns 4,086 shares of the company’s stock valued at $417,000 after purchasing an additional 11 shares in the last quarter. Renaissance Group LLC boosted its holdings in Children’s Place, Inc. (The) by 0.4% during the second quarter. Renaissance Group LLC now owns 3,302 shares of the company’s stock valued at $337,000 after purchasing an additional 12 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Children’s Place, Inc. (The) by 1.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 10,792 shares of the company’s stock valued at $1,102,000 after purchasing an additional 158 shares in the last quarter. Arizona State Retirement System boosted its holdings in Children’s Place, Inc. (The) by 2.2% during the first quarter. Arizona State Retirement System now owns 9,444 shares of the company’s stock valued at $1,134,000 after purchasing an additional 200 shares in the last quarter. Finally, Smith Asset Management Group LP boosted its holdings in Children’s Place, Inc. (The) by 0.6% during the second quarter. Smith Asset Management Group LP now owns 38,064 shares of the company’s stock valued at $3,886,000 after purchasing an additional 240 shares in the last quarter.

Several research analysts have recently commented on PLCE shares. BMO Capital Markets set a $112.00 target price on Children’s Place, Inc. (The) and gave the stock a “hold” rating in a report on Thursday, July 6th. ValuEngine raised Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, May 19th. BidaskClub downgraded Children’s Place, Inc. (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Telsey Advisory Group raised Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a report on Monday, June 26th. Finally, FBR & Co reissued an “outperform” rating and issued a $127.00 target price on shares of Children’s Place, Inc. (The) in a report on Friday, June 9th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $125.00.

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Children’s Place, Inc. (PLCE) opened at 111.90 on Friday. The company has a 50-day moving average of $107.31 and a 200 day moving average of $109.11. The company has a market cap of $1.97 billion, a PE ratio of 16.00 and a beta of 0.31. Children’s Place, Inc. has a 52-week low of $70.90 and a 52-week high of $125.30.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.11. The business had revenue of $373.60 million for the quarter, compared to analyst estimates of $376.53 million. Children’s Place, Inc. (The) had a net margin of 7.14% and a return on equity of 26.01%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. Equities research analysts predict that Children’s Place, Inc. will post $7.35 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th will be given a $0.40 dividend. The ex-dividend date is Monday, September 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.43%. Children’s Place, Inc. (The)’s dividend payout ratio is currently 22.92%.

Children’s Place, Inc. (The) Profile

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

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