Millennium Management LLC trimmed its position in shares of Childrens Place Inc (NASDAQ:PLCE) by 63.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 333,468 shares of the company’s stock after selling 571,879 shares during the quarter. Millennium Management LLC’s holdings in Childrens Place were worth $25,673,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Balyasny Asset Management LLC raised its stake in Childrens Place by 293.9% in the second quarter. Balyasny Asset Management LLC now owns 497,064 shares of the company’s stock worth $47,410,000 after buying an additional 370,870 shares in the last quarter. Invesco Ltd. raised its stake in Childrens Place by 98.1% in the second quarter. Invesco Ltd. now owns 433,207 shares of the company’s stock worth $41,320,000 after buying an additional 214,538 shares in the last quarter. Morgan Stanley raised its stake in Childrens Place by 861.4% in the second quarter. Morgan Stanley now owns 140,011 shares of the company’s stock worth $13,354,000 after buying an additional 125,448 shares in the last quarter. Squarepoint Ops LLC raised its stake in Childrens Place by 483.1% in the third quarter. Squarepoint Ops LLC now owns 139,908 shares of the company’s stock worth $10,772,000 after buying an additional 115,914 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new position in Childrens Place in the second quarter worth about $9,941,000.
A number of equities analysts recently issued reports on PLCE shares. ValuEngine downgraded shares of Childrens Place from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. DA Davidson set a $135.00 price target on shares of Childrens Place and gave the stock a “buy” rating in a research note on Friday, September 13th. BidaskClub downgraded shares of Childrens Place from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Monness Crespi & Hardt decreased their price target on shares of Childrens Place from $128.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Finally, Barclays started coverage on shares of Childrens Place in a research note on Tuesday, November 12th. They issued an “equal weight” rating and a $85.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Childrens Place has an average rating of “Buy” and an average price target of $112.34.
Childrens Place 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, and Baby Place brand names.
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