Invictus Rg Pte. Ltd. Lowers stake in Childrens Place Inc (PLCE)

Childrens Place Inc (PLCE) : Invictus Rg Pte. Ltd. reduced its stake in Childrens Place Inc by 1.45% during the most recent quarter end. The investment management company now holds a total of 12,636 shares of Childrens Place Inc which is valued at $1,038,806 after selling 186 shares in Childrens Place Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Childrens Place Inc makes up approximately 0.89% of Invictus Rg Pte. Ltd.’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in PLCE in the latest quarter, The investment management firm added 2,531 additional shares and now holds a total of 37,845 shares of Childrens Place Inc which is valued at $3,111,237. Childrens Place Inc makes up approx 0.01% of Aqr Capital Management’s portfolio.Parametric Portfolio Associates reduced its stake in PLCE by selling 16,624 shares or 10.19% in the most recent quarter. The Hedge Fund company now holds 146,503 shares of PLCE which is valued at $12,044,012. Childrens Place Inc makes up approx 0.02% of Parametric Portfolio Associates’s portfolio.Geode Capital Management reduced its stake in PLCE by selling 9,907 shares or 6.29% in the most recent quarter. The Hedge Fund company now holds 147,608 shares of PLCE which is valued at $12,134,854. Childrens Place Inc makes up approx 0.01% of Geode Capital Management’s portfolio.Tiaa Cref Investment Management reduced its stake in PLCE by selling 5,710 shares or 5.73% in the most recent quarter. The Hedge Fund company now holds 94,018 shares of PLCE which is valued at $7,729,220. Childrens Place Inc makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio. Denver Investment Advisors added PLCE to its portfolio by purchasing 156,654 company shares during the most recent quarter which is valued at $12,981,917. Childrens Place Inc makes up approx 0.56% of Denver Investment Advisors’s portfolio.

Childrens Place Inc opened for trading at $81.32 and hit $82.91 on the upside on Thursday, eventually ending the session at $82.91, with a gain of 1.86% or 1.51 points. The heightened volatility saw the trading volume jump to 5,34,272 shares. Company has a market cap of $1,565 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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