The Children’s Place, Inc. (NASDAQ:PLCE) Shares Sold by Comerica Bank

Comerica Bank trimmed its stake in The Children’s Place, Inc. (NASDAQ:PLCEGet Rating) by 49.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,066 shares of the company’s stock after selling 11,675 shares during the quarter. Comerica Bank’s holdings in Children’s Place were worth $639,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Public Sector Pension Investment Board increased its stake in Children’s Place by 1.2% in the 4th quarter. Public Sector Pension Investment Board now owns 28,486 shares of the company’s stock worth $2,259,000 after purchasing an additional 330 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Children’s Place by 1.8% in the 4th quarter. New York State Teachers Retirement System now owns 23,252 shares of the company’s stock worth $1,844,000 after purchasing an additional 400 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Children’s Place by 22.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,746 shares of the company’s stock worth $297,000 after purchasing an additional 680 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Children’s Place in the 4th quarter worth approximately $61,000. Finally, US Asset Management LLC bought a new position in Children’s Place in the 1st quarter worth approximately $49,000. 99.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Children’s Place

In related news, Director John E. Bachman acquired 1,500 shares of the stock in a transaction on Wednesday, June 29th. The shares were purchased at an average price of $38.50 per share, for a total transaction of $57,750.00. Following the purchase, the director now directly owns 20,182 shares in the company, valued at $777,007. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.57% of the stock is owned by corporate insiders.

Children’s Place Stock Performance

Shares of NASDAQ PLCE opened at $43.34 on Friday. The stock has a 50 day moving average price of $43.29 and a 200 day moving average price of $52.58. The Children’s Place, Inc. has a 52 week low of $36.97 and a 52 week high of $113.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.19 and a current ratio of 0.96. The stock has a market capitalization of $570.96 million, a PE ratio of 3.94 and a beta of 2.00.

Children’s Place (NASDAQ:PLCEGet Rating) last released its quarterly earnings data on Thursday, May 19th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.61). The business had revenue of $362.40 million during the quarter, compared to analyst estimates of $401.59 million. Children’s Place had a net margin of 8.78% and a return on equity of 79.55%. The business’s quarterly revenue was down 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.25 earnings per share. Analysts predict that The Children’s Place, Inc. will post 10.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on PLCE. B. Riley decreased their price target on Children’s Place from $105.00 to $84.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. StockNews.com downgraded Children’s Place from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. Citigroup downgraded Children’s Place from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $48.00 to $36.00 in a report on Monday, May 23rd. Telsey Advisory Group decreased their price objective on Children’s Place from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, May 20th. Finally, UBS Group decreased their price objective on Children’s Place from $56.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $73.60.

About Children’s Place

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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, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, and Sugar & Jade brand names.

See Also

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Institutional Ownership by Quarter for Children's Place (NASDAQ:PLCE)

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