State Board of Administration of Florida Retirement System raised its position in Childrens Place Inc (NASDAQ:PLCE) by 9.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,640 shares of the company’s stock after buying an additional 837 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.05% of Childrens Place worth $973,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its position in Childrens Place by 15.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 306,162 shares of the company’s stock worth $24,453,000 after buying an additional 40,426 shares during the last quarter. Bank of Montreal Can boosted its position in Childrens Place by 65.3% in the third quarter. Bank of Montreal Can now owns 251,576 shares of the company’s stock worth $20,094,000 after buying an additional 99,414 shares during the last quarter. Timpani Capital Management LLC boosted its position in Childrens Place by 42.6% in the third quarter. Timpani Capital Management LLC now owns 58,855 shares of the company’s stock worth $4,701,000 after buying an additional 17,588 shares during the last quarter. Polianta Ltd purchased a new stake in Childrens Place during the fourth quarter valued at approximately $1,080,000. Finally, UBS Group AG raised its stake in Childrens Place by 65.9% in the third quarter. UBS Group AG now owns 59,152 shares of the company’s stock valued at $4,724,000 after buying an additional 23,506 shares during the period.
Childrens Place Inc (NASDAQ:PLCE) traded down 1.49% on Friday, reaching $112.15. The company’s stock had a trading volume of 361,813 shares. Childrens Place Inc has a 52 week low of $66.92 and a 52 week high of $122.95. The stock has a market capitalization of $1.97 billion, a P/E ratio of 20.77 and a beta of 0.41. The firm has a 50 day moving average price of $113.92 and a 200 day moving average price of $99.23.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, April 6th. This is an increase from Childrens Place’s previous quarterly dividend of $0.20. This represents a $1.60 dividend on an annualized basis and a yield of 1.43%. Childrens Place’s dividend payout ratio is 17.98%.
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PLCE has been the subject of several research reports. Buckingham Research initiated coverage on Childrens Place in a research note on Wednesday, February 22nd. They set a “buy” rating and a $120.00 price objective for the company. Bank of America Corp upgraded Childrens Place from an “underperform” rating to a “buy” rating in a research report on Tuesday, January 31st. Williams Capital upped their price target on Childrens Place from $107.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, January 6th. Mizuho upped their price target on Childrens Place from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, January 5th. Finally, FBR & Co restated a “buy” rating and issued a $127.00 price target on shares of Childrens Place in a research report on Friday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Childrens Place presently has an average rating of “Buy” and an average price target of $114.27.
In other news, insider Bradley P. Cost sold 7,304 shares of the firm’s stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $118.48, for a total transaction of $865,377.92. Following the completion of the transaction, the insider now directly owns 40,149 shares of the company’s stock, valued at approximately $4,756,853.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.93% of the stock is owned by corporate insiders.
Childrens Place Company 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.
