KBC Group NV trimmed its holdings in shares of Childrens Place Inc (NASDAQ:PLCE) by 76.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,265 shares of the company’s stock after selling 52,296 shares during the quarter. KBC Group NV owned 0.10% of Childrens Place worth $1,465,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in PLCE. FMR LLC raised its position in shares of Childrens Place by 50.4% during the 2nd quarter. FMR LLC now owns 829,800 shares of the company’s stock valued at $100,240,000 after buying an additional 278,017 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Childrens Place during the 3rd quarter valued at about $27,372,000. Marshall Wace LLP raised its position in Childrens Place by 59.2% in the 3rd quarter. Marshall Wace LLP now owns 429,954 shares of the company’s stock worth $54,948,000 after purchasing an additional 159,830 shares during the period. Impala Asset Management LLC purchased a new stake in Childrens Place in the 3rd quarter worth about $16,711,000. Finally, Rice Hall James & Associates LLC raised its position in Childrens Place by 91.5% in the 3rd quarter. Rice Hall James & Associates LLC now owns 178,156 shares of the company’s stock worth $22,768,000 after purchasing an additional 85,119 shares during the period.
Shares of PLCE stock opened at $86.63 on Monday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 1.17 and a beta of 0.64. Childrens Place Inc has a one year low of $84.46 and a one year high of $160.23.
A number of research firms recently weighed in on PLCE. ValuEngine raised shares of Childrens Place from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Wolfe Research reissued a “peer perform” rating and issued a $135.00 price objective (down from $169.00) on shares of Childrens Place in a research report on Thursday, December 6th. Citigroup increased their price objective on shares of Childrens Place from $154.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, December 3rd. B. Riley reissued a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 14th. Finally, BidaskClub lowered shares of Childrens Place from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $146.22.
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About Childrens Place
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.
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