Today, Nordea Investment Management AB decides to keep it stake in The Children’s Place Retail Stores Inc. (PLCE) to the level of $1,135,000

Today, Nordea Investment Management AB decides to keep it stake in The Children’s Place Retail Stores Inc. (PLCE) to the level of $1,135,000
Nordea Investment Management AB boosted its stake in The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) by 60.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 14,211 shares of the company’s stock after buying an additional 5,327 shares during the period. Nordea Investment Management AB owned about 0.08% of The Children’s Place Retail Stores worth $1,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in The Children’s Place Retail Stores during the third quarter valued at approximately $104,000. Quantbot Technologies LP bought a new stake in shares of The Children’s Place Retail Stores during the third quarter valued at $104,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of The Children’s Place Retail Stores by 187.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,454 shares of the company’s stock valued at $117,000 after buying an additional 949 shares in the last quarter. Orinda Asset Management LLC bought a new stake in shares of The Children’s Place Retail Stores during the third quarter valued at $136,000. Finally, Advisors Asset Management Inc. increased its stake in shares of The Children’s Place Retail Stores by 170.6% in the third quarter. Advisors Asset Management Inc. now owns 1,875 shares of the company’s stock valued at $150,000 after buying an additional 1,182 shares in the last quarter.

The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) traded up 0.48% during trading on Friday, hitting $105.65. 246,904 shares of the stock were exchanged. The stock’s 50 day moving average is $81.05 and its 200-day moving average is $79.37. The Children’s Place Retail Stores Inc. has a one year low of $47.96 and a one year high of $106.55. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 23.94 and a beta of 0.16.

The Children’s Place Retail Stores (NASDAQ:PLCE) last issued its quarterly earnings results on Thursday, November 17th. The company reported $2.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.28. The firm had revenue of $473.80 million for the quarter, compared to analysts’ expectations of $461.98 million. The Children’s Place Retail Stores had a return on equity of 18.24% and a net margin of 4.86%. The Children’s Place Retail Stores’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $1.93 EPS. On average, equities research analysts expect that The Children’s Place Retail Stores Inc. will post $5.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Saturday, December 17th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 0.76%. The Children’s Place Retail Stores’s dividend payout ratio is currently 17.98%.

PLCE has been the subject of several recent analyst reports. Morgan Stanley restated a “buy” rating on shares of The Children’s Place Retail Stores in a research report on Monday, August 22nd. Mizuho boosted their price objective on shares of The Children’s Place Retail Stores from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, November 17th. Bank of America Corp. upgraded shares of The Children’s Place Retail Stores from an “underperform” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Monday, November 14th. BMO Capital Markets restated a “hold” rating on shares of The Children’s Place Retail Stores in a research report on Saturday, November 19th. Finally, Telsey Advisory Group boosted their price objective on shares of The Children’s Place Retail Stores from $93.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $89.07.

In related news, insider Anurup Pruthi sold 601 shares of The Children’s Place Retail Stores stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $84.01, for a total value of $50,490.01. Following the transaction, the insider now owns 13,925 shares of the company’s stock, valued at approximately $1,169,839.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Norman S. Matthews sold 40,995 shares of The Children’s Place Retail Stores stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $100.00, for a total value of $4,099,500.00. Following the completion of the transaction, the chairman now directly owns 49,706 shares in the company, valued at approximately $4,970,600. The disclosure for this sale can be found here. 1.93% of the stock is owned by corporate insiders.

About The Children’s Place Retail Stores

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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