AQR Capital Management LLC reduced its stake in shares of Childrens Place Inc (NASDAQ:PLCE) by 97.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,446 shares of the company’s stock after selling 78,859 shares during the quarter. AQR Capital Management LLC’s holdings in Childrens Place were worth $233,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Childrens Place by 4.0% in the second quarter. Bank of America Corp DE now owns 63,201 shares of the company’s stock valued at $6,027,000 after acquiring an additional 2,404 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in shares of Childrens Place by 293.9% in the second quarter. Balyasny Asset Management LLC now owns 497,064 shares of the company’s stock valued at $47,410,000 after acquiring an additional 370,870 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Childrens Place by 98.1% in the second quarter. Invesco Ltd. now owns 433,207 shares of the company’s stock valued at $41,320,000 after acquiring an additional 214,538 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Childrens Place by 0.6% in the second quarter. Vanguard Group Inc. now owns 1,648,768 shares of the company’s stock valued at $157,259,000 after acquiring an additional 9,423 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of Childrens Place in the second quarter valued at about $768,000.
PLCE stock opened at $76.08 on Friday. The company has a market cap of $1.12 billion, a P/E ratio of 11.27, a P/E/G ratio of 1.60 and a beta of 0.80. Childrens Place Inc has a 52 week low of $69.94 and a 52 week high of $160.23. The company’s 50-day moving average price is $81.63 and its 200 day moving average price is $94.04. The company has a current ratio of 0.77, a quick ratio of 0.20 and a debt-to-equity ratio of 1.37.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $420.50 million for the quarter, compared to the consensus estimate of $428.28 million. Childrens Place had a net margin of 3.60% and a return on equity of 26.03%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 earnings per share. On average, equities research analysts expect that Childrens Place Inc will post 5.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Friday, September 20th. Childrens Place’s dividend payout ratio is currently 33.19%.
PLCE has been the topic of several analyst reports. Wedbush set a $130.00 target price on shares of Childrens Place and gave the company a “buy” rating in a report on Friday, June 21st. Deutsche Bank raised shares of Childrens Place from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Thursday, August 15th. DA Davidson set a $135.00 target price on shares of Childrens Place and gave the company a “buy” rating in a report on Friday, September 13th. BidaskClub downgraded shares of Childrens Place from a “sell” rating to a “strong sell” rating in a report on Wednesday. Finally, ValuEngine downgraded shares of Childrens Place from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $116.00.
Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through 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, and Baby Place brand names.
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