Barington Capital Group Lowers stake in Childrens Place Inc (PLCE)

Childrens Place Inc (PLCE) : Barington Capital Group reduced its stake in Childrens Place Inc by 28.53% during the most recent quarter end. The investment management company now holds a total of 52,100 shares of Childrens Place Inc which is valued at $4,283,141 after selling 20,800 shares in Childrens Place Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Childrens Place Inc makes up approximately 3.67% of Barington Capital Group’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans reduced its stake in PLCE by selling 210,990 shares or 91.3% in the most recent quarter. The Hedge Fund company now holds 20,110 shares of PLCE which is valued at $1,653,243. Childrens Place Inc makes up approx 0.01% of Thrivent Financial For Lutherans’s portfolio.William Blair Investment Management reduced its stake in PLCE by selling 34,458 shares or 12.16% in the most recent quarter. The Hedge Fund company now holds 248,879 shares of PLCE which is valued at $20,624,603. Childrens Place Inc makes up approx 0.08% of William Blair Investment Management’s portfolio.Shell Asset Management Co reduced its stake in PLCE by selling 1,785 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 31,313 shares of PLCE which is valued at $2,613,696. Childrens Place Inc makes up approx 0.06% of Shell Asset Management Co’s portfolio.Independent Portfolio Consultants reduced its stake in PLCE by selling 10 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 955 shares of PLCE which is valued at $79,771. Childrens Place Inc makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Nisa Investment Advisors reduced its stake in PLCE by selling 100 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 7,500 shares of PLCE which is valued at $626,475. Childrens Place Inc makes up approx 0.01% of Nisa Investment Advisors’s portfolio.

Childrens Place Inc opened for trading at $84.33 and hit $84.72 on the upside on Monday, eventually ending the session at $84, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 1,82,724 shares. Company has a market cap of $1,585 M.

On the company’s financial health, Childrens Place Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $-0.23. The company had revenue of $371.40 million for the quarter, compared to analysts expectations of $368.67 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.33 EPS.

Investors should note that on Aug 17, 2016, Childrens Place Inc announced a cash dividend of $0.2000. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Oct 6, 2016.

Many Wall Street Analysts have commented on Childrens Place Inc. Company shares were Reiterated by FBR Capital on Aug 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 100 from a previous price target of $85 .Company shares were Reiterated by Telsey Advisory Group on Aug 18, 2016 to “Market Perform”, Firm has raised the Price Target to $ 93 from a previous price target of $83 .Company shares were Reiterated by Mizuho on Aug 17, 2016 to “Buy”, Firm has raised the Price Target to $ 95 from a previous price target of $85 .

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 in sizes 0 to 14. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International. The Children’s Place U.S. segment includes its United States and Puerto Rico-based stores and revenue from its United States wholesale partners. The Children’s Place International segment includes its Canadian stores revenue from the Company’s Canada wholesale partner as well as revenue from international franchisees. The Company designs contracts to manufacture and licenses to sell merchandise under brand names such as The Children’s Place Place and Baby Place. The Children’s Place has various departments and serves the wardrobe needs of girls and boys (sizes 4 to 14) baby girls and boys (sizes 12 months to 5T) and newborn (sizes 0 to 18 months).

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