Childrens Place Inc. (NASDAQ:PLCE) Is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Childrens Place Inc. (NASDAQ:PLCE) reported that Jpmorgan Chase & Co. has picked up 840,942 of common stock as of 2017-01-06.

The acquisition brings the aggregate amount owned by Jpmorgan Chase & Co. to a total of 840,942 representing a 4.6 % stake in the company.

For those not familiar with the company, 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. 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 the United States and Puerto Rico-based stores and revenue from the United States-based wholesale customers. The Children’s Place International segment includes its Canadian-based stores, revenue from the Company’s Canada wholesale customer, 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.

A glance at Childrens Place Inc. (NASDAQ:PLCE)’s key stats reveals a current market capitalization of 1.82 billion based on 18.04 million shares outstanding and a price at last close of $100.70 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2012-11-19, Griffith picked up 400 at a purchase price of $47.56. This brings their total holding to 888 as of the date of the filing.

On the sell side, the most recent transaction saw Matthews unload 40,995 shares at a sale price of $100.00. This brings their total holding to 49,706        .

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Childrens Place Inc. (NASDAQ:PLCE) as things move forward to see if its progress aligns with these transactions.

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