Alambic Investment Management buys $2,175,338 stake in Childrens Place Inc (PLCE)

Childrens Place Inc (PLCE) : Alambic Investment Management scooped up 12,700 additional shares in Childrens Place Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 26,250 shares of Childrens Place Inc which is valued at $2,175,338.Childrens Place Inc makes up approximately 0.49% of Alambic Investment Management’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp boosted its stake in PLCE in the latest quarter, The investment management firm added 75,000 additional shares and now holds a total of 988,243 shares of Childrens Place Inc which is valued at $81,895,697. Childrens Place Inc makes up approx 0.51% of Royce Associates Lp’s portfolio.Trimtabs Asset Management reduced its stake in PLCE by selling 2,535 shares or 10.41% in the most recent quarter. The Hedge Fund company now holds 21,820 shares of PLCE which is valued at $1,741,236. Childrens Place Inc makes up approx 1.08% of Trimtabs Asset Management’s portfolio.New York State Teachers Retirement System reduced its stake in PLCE by selling 900 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 53,428 shares of PLCE which is valued at $4,443,607. Childrens Place Inc makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.Kanaly Trust Co reduced its stake in PLCE by selling 16 shares or 18.6% in the most recent quarter. The Hedge Fund company now holds 70 shares of PLCE which is valued at $5,822.Acadian Asset Management reduced its stake in PLCE by selling 97,705 shares or 31.12% in the most recent quarter. The Hedge Fund company now holds 216,243 shares of PLCE which is valued at $18,175,224. Childrens Place Inc makes up approx 0.09% of Acadian Asset Management’s portfolio.

Childrens Place Inc opened for trading at $82.71 and hit $84.29 on the upside on Monday, eventually ending the session at $83.6, with a gain of 1.69% or 1.39 points. The heightened volatility saw the trading volume jump to 5,24,695 shares. Company has a market cap of $1,578 M.

On the company’s financial health, Childrens Place Inc reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on May 17, 2016. Analyst had a consensus of $1.04. The company had revenue of $419.40 million for the quarter, compared to analysts expectations of $417.56 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on Childrens Place Inc. Childrens Place Inc was Upgraded by Goldman to ” Buy” on May 18, 2016.

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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