Nordea Investment Management AB Purchases 852 Shares of Children’s Place, Inc. (The) (PLCE)

Nordea Investment Management AB raised its position in Children’s Place, Inc. (The) (NASDAQ:PLCE) by 4.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,243 shares of the company’s stock after acquiring an additional 852 shares during the quarter. Nordea Investment Management AB owned approximately 0.11% of Children’s Place worth $2,274,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PLCE. FMR LLC lifted its holdings in Children’s Place by 7,303.5% in the second quarter. FMR LLC now owns 741,169 shares of the company’s stock valued at $75,674,000 after acquiring an additional 731,158 shares during the period. LSV Asset Management raised its stake in shares of Children’s Place by 49.9% in the second quarter. LSV Asset Management now owns 694,668 shares of the company’s stock worth $70,925,000 after buying an additional 231,111 shares during the period. Systematic Financial Management LP raised its stake in shares of Children’s Place by 179.0% in the second quarter. Systematic Financial Management LP now owns 295,581 shares of the company’s stock worth $30,179,000 after buying an additional 189,623 shares during the period. Voya Investment Management LLC raised its stake in shares of Children’s Place by 39.9% in the second quarter. Voya Investment Management LLC now owns 551,468 shares of the company’s stock worth $56,305,000 after buying an additional 157,333 shares during the period. Finally, Balyasny Asset Management LLC raised its stake in shares of Children’s Place by 144.9% in the second quarter. Balyasny Asset Management LLC now owns 199,899 shares of the company’s stock worth $20,410,000 after buying an additional 118,267 shares during the period.

Several research firms have recently commented on PLCE. BidaskClub raised Children’s Place from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. ValuEngine downgraded Children’s Place from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. BMO Capital Markets set a $121.00 price objective on Children’s Place and gave the stock a “hold” rating in a research note on Friday, November 17th. Buckingham Research raised their price objective on Children’s Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Telsey Advisory Group raised their price objective on Children’s Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $131.67.

Shares of Children’s Place, Inc. (NASDAQ PLCE) opened at $133.90 on Wednesday. The stock has a market capitalization of $2,371.88, a P/E ratio of 18.75, a P/E/G ratio of 2.01 and a beta of 0.33. Children’s Place, Inc. has a 12 month low of $92.95 and a 12 month high of $139.95.

Children’s Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. The company had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. Children’s Place had a return on equity of 26.58% and a net margin of 7.07%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $2.29 EPS. equities analysts anticipate that Children’s Place, Inc. will post 7.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, December 12th. Children’s Place’s dividend payout ratio is presently 22.66%.

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Children’s Place 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 (NASDAQ:PLCE)

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