Financial Architects Inc purchased a new position in shares of Childrens Place Inc (NASDAQ:PLCE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,100 shares of the company’s stock, valued at approximately $369,000.
Several other hedge funds have also modified their holdings of the stock. Quantamental Technologies LLC purchased a new position in Childrens Place during the 4th quarter worth $92,000. Xact Kapitalforvaltning AB purchased a new position in Childrens Place during the 4th quarter worth $234,000. GSA Capital Partners LLP purchased a new position in Childrens Place during the 3rd quarter worth $236,000. FNY Investment Advisers LLC purchased a new position in Childrens Place during the 3rd quarter worth $239,000. Finally, First Hawaiian Bank purchased a new position in Childrens Place during the 3rd quarter worth $291,000.
Shares of NASDAQ:PLCE opened at $93.88 on Wednesday. Childrens Place Inc has a 12-month low of $84.46 and a 12-month high of $160.23. The firm has a market capitalization of $1.48 billion, a PE ratio of 11.87, a P/E/G ratio of 1.23 and a beta of 0.64.
Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings results on Thursday, December 6th. The company reported $3.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $3.07. Childrens Place had a return on equity of 37.97% and a net margin of 4.00%. The business had revenue of $522.50 million for the quarter, compared to the consensus estimate of $511.19 million. During the same period last year, the business posted $2.58 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Childrens Place Inc will post 7.8 earnings per share for the current fiscal year.
Several research firms have commented on PLCE. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Wolfe Research restated a “peer perform” rating and set a $135.00 price objective (down from $169.00) on shares of Childrens Place in a report on Thursday, December 6th. Citigroup lifted their price target on Childrens Place from $154.00 to $167.00 and gave the company a “buy” rating in a report on Monday, December 3rd. B. Riley reiterated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 14th. Finally, BidaskClub downgraded Childrens Place from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 18th. Two 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’s stock. Childrens Place presently has a consensus rating of “Buy” and an average price target of $146.22.
Childrens Place Profile
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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