DekaBank Deutsche Girozentrale trimmed its position in shares of Childrens Place Inc (NASDAQ:PLCE) by 19.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,315 shares of the company’s stock after selling 1,800 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Childrens Place were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Childrens Place in the 2nd quarter worth $110,000. Point72 Hong Kong Ltd purchased a new stake in shares of Childrens Place in the 2nd quarter worth $138,000. FNY Investment Advisers LLC purchased a new stake in shares of Childrens Place in the 3rd quarter worth $239,000. BKS Advisors LLC purchased a new stake in shares of Childrens Place in the 2nd quarter worth $242,000. Finally, Cim Investment Mangement Inc. purchased a new stake in shares of Childrens Place in the 2nd quarter worth $260,000.

Shares of PLCE stock opened at $106.67 on Friday. Childrens Place Inc has a 52-week low of $99.54 and a 52-week high of $161.65. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.85 and a beta of 0.17.

Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Thursday, December 6th. The company reported $3.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $3.07. Childrens Place had a return on equity of 33.17% and a net margin of 3.76%. The business had revenue of $522.50 million during the quarter, compared to analyst estimates of $511.19 million. During the same quarter in the prior year, the business posted $2.58 EPS. Childrens Place’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts expect that Childrens Place Inc will post 8.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.87%. Childrens Place’s payout ratio is presently 25.28%.

Several research firms have recently commented on PLCE. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Wolfe Research restated a “peer perform” rating and issued a $135.00 price objective (down from $169.00) on shares of Childrens Place in a research note on Thursday. Citigroup upped their price objective on Childrens Place from $154.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday. BidaskClub upgraded Childrens Place from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Finally, B. Riley restated a “buy” rating on shares of Childrens Place in a research note on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $149.27.

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Childrens Place Company 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.

Read More: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Childrens Place (NASDAQ:PLCE)

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