Lombard Odier Asset Management USA Corp Has $10.23 Million Holdings in The Children’s Place, Inc. (NASDAQ:PLCE)

Lombard Odier Asset Management USA Corp trimmed its position in shares of The Children’s Place, Inc. (NASDAQ:PLCE) by 14.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,810 shares of the company’s stock after selling 25,606 shares during the period. The Children’s Place accounts for approximately 0.4% of Lombard Odier Asset Management USA Corp’s investment portfolio, making the stock its 21st biggest position. Lombard Odier Asset Management USA Corp’s holdings in The Children’s Place were worth $10,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLCE. First Trust Advisors LP boosted its position in The Children’s Place by 98.8% during the first quarter. First Trust Advisors LP now owns 10,020 shares of the company’s stock worth $975,000 after purchasing an additional 4,979 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of The Children’s Place by 12.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 13,865 shares of the company’s stock valued at $1,349,000 after acquiring an additional 1,502 shares during the period. Rhumbline Advisers boosted its position in shares of The Children’s Place by 11.7% in the fourth quarter. Rhumbline Advisers now owns 44,205 shares of the company’s stock valued at $2,215,000 after acquiring an additional 4,613 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of The Children’s Place by 7.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,777 shares of the company’s stock valued at $139,000 after acquiring an additional 189 shares during the period. Finally, CWM Advisors LLC bought a new stake in shares of The Children’s Place in the fourth quarter valued at about $221,000.

A number of equities research analysts have recently issued reports on PLCE shares. TheStreet raised shares of The Children’s Place from a “d+” rating to a “c” rating in a research report on Thursday, May 20th. Telsey Advisory Group boosted their target price on shares of The Children’s Place from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 21st. Monness Crespi & Hardt boosted their target price on shares of The Children’s Place from $93.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, May 24th. Citigroup raised The Children’s Place from a “sell” rating to a “neutral” rating in a research note on Friday, May 21st. Finally, Wedbush raised The Children’s Place from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $48.00 to $150.00 in a research note on Monday, May 24th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The Children’s Place currently has a consensus rating of “Hold” and a consensus target price of $76.27.

In related news, CFO Robert F. Helm sold 5,780 shares of the stock in a transaction on Friday, June 25th. The stock was sold at an average price of $95.56, for a total value of $552,336.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Leah Swan sold 20,000 shares of the stock in a transaction on Friday, June 25th. The stock was sold at an average price of $99.83, for a total value of $1,996,600.00. The disclosure for this sale can be found here. Insiders sold 32,944 shares of company stock worth $3,233,529 over the last quarter. 5.01% of the stock is currently owned by company insiders.

NASDAQ PLCE traded down $2.95 during trading on Thursday, hitting $84.27. 2,943 shares of the company’s stock were exchanged, compared to its average volume of 420,044. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.24 and a current ratio of 0.86. The stock has a market capitalization of $1.24 billion, a P/E ratio of 19.44, a PEG ratio of 1.28 and a beta of 2.27. The Children’s Place, Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $103.33. The firm’s 50 day moving average price is $91.83.

The Children’s Place (NASDAQ:PLCE) last released its quarterly earnings data on Wednesday, May 19th. The company reported $3.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $3.22. The Children’s Place had a return on equity of 66.88% and a net margin of 1.15%. The company had revenue of $435.80 million during the quarter, compared to the consensus estimate of $331.15 million. During the same quarter in the prior year, the firm posted ($1.96) earnings per share. The firm’s revenue was up 70.8% compared to the same quarter last year. On average, equities analysts predict that The Children’s Place, Inc. will post 7.98 earnings per share for the current year.

The Children’s 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, Baby Place, Gymboree brand names.

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Institutional Ownership by Quarter for The Children`s Place (NASDAQ:PLCE)

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