KBC Group NV lowered its holdings in shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) by 30.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,758 shares of the company’s stock after selling 28,711 shares during the quarter. KBC Group NV owned approximately 0.37% of Children’s Place worth $7,651,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Children’s Place by 24.5% during the third quarter. Wells Fargo & Company MN now owns 124,089 shares of the company’s stock valued at $14,661,000 after buying an additional 24,456 shares during the last quarter. Legal & General Group Plc boosted its stake in Children’s Place by 2.4% during the third quarter. Legal & General Group Plc now owns 34,812 shares of the company’s stock valued at $4,114,000 after buying an additional 814 shares during the last quarter. Nordea Investment Management AB boosted its stake in Children’s Place by 4.6% during the third quarter. Nordea Investment Management AB now owns 19,243 shares of the company’s stock valued at $2,274,000 after buying an additional 852 shares during the last quarter. ETRADE Capital Management LLC bought a new position in Children’s Place during the third quarter valued at approximately $274,000. Finally, American International Group Inc. boosted its stake in Children’s Place by 5.7% during the third quarter. American International Group Inc. now owns 13,713 shares of the company’s stock valued at $1,620,000 after buying an additional 737 shares during the last quarter.

Shares of Children’s Place, Inc. (NASDAQ:PLCE) opened at $136.35 on Tuesday. The stock has a market capitalization of $2,308.39, a P/E ratio of 18.25, a PEG ratio of 1.96 and a beta of 0.33. Children’s Place, Inc. has a one year low of $92.95 and a one year high of $139.95.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings data 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 business had revenue of $490.00 million during the quarter, compared to analyst estimates of $480.28 million. Children’s Place had a return on equity of 26.58% and a net margin of 7.07%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company earned $2.29 EPS. equities analysts predict that Children’s Place, Inc. will post 7.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, December 12th. Children’s Place’s dividend payout ratio is currently 22.66%.

A number of brokerages recently commented on PLCE. BMO Capital Markets set a $112.00 price target on Children’s Place and gave the company a “hold” rating in a research note on Sunday, September 10th. B. Riley reaffirmed a “buy” rating on shares of Children’s Place in a research note on Wednesday, November 1st. Buckingham Research raised their price objective on Children’s Place from $139.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Telsey Advisory Group raised their price objective on Children’s Place from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Finally, ValuEngine raised Children’s Place from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $131.67.

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About Children’s Place

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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