Legal & General Group Plc Purchases 2,106 Shares of Children’s Place, Inc. (The) (PLCE)

Legal & General Group Plc lifted its position in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,998 shares of the company’s stock after buying an additional 2,106 shares during the quarter. Legal & General Group Plc owned approximately 0.19% of Children’s Place, Inc. (The) worth $3,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLCE. Strs Ohio grew its holdings in shares of Children’s Place, Inc. (The) by 150.0% during the first quarter. Strs Ohio now owns 1,000 shares of the company’s stock worth $120,000 after buying an additional 600 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Children’s Place, Inc. (The) by 11.6% during the first quarter. Wells Fargo & Company MN now owns 71,764 shares of the company’s stock worth $8,615,000 after buying an additional 7,453 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Children’s Place, Inc. (The) during the first quarter worth about $624,000. Great West Life Assurance Co. Can grew its holdings in shares of Children’s Place, Inc. (The) by 6.7% during the first quarter. Great West Life Assurance Co. Can now owns 25,605 shares of the company’s stock worth $3,073,000 after buying an additional 1,599 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Children’s Place, Inc. (The) by 10.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 10,634 shares of the company’s stock worth $1,277,000 after buying an additional 994 shares in the last quarter.

Shares of Children’s Place, Inc. (NASDAQ:PLCE) opened at 111.90 on Friday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 16.00 and a beta of 0.31. The company has a 50-day moving average of $107.31 and a 200-day moving average of $109.11. Children’s Place, Inc. has a 12-month low of $70.90 and a 12-month 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 analysts’ consensus estimates of $0.75 by $0.11. The business had revenue of $373.60 million during 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 was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. Equities analysts expect that Children’s Place, Inc. will post $7.35 earnings per share for the current fiscal year.

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

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A number of brokerages have recently commented on PLCE. BidaskClub upgraded shares of Children’s Place, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. BMO Capital Markets set a $112.00 price target on shares of Children’s Place, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, August 8th. ValuEngine upgraded shares of Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, May 19th. Bank of America Corporation set a $140.00 price target on shares of Children’s Place, Inc. (The) and gave the stock a “buy” rating in a report on Tuesday, June 13th. Finally, FBR & Co reiterated an “outperform” rating and set a $127.00 price target on shares of Children’s Place, Inc. (The) in a report on Friday, June 9th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $125.00.

Children’s Place, Inc. (The) Company 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.

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

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