Disciplined Growth Investors Decreased Garmin LTD Shs (GRMN) Stake By $387,120; Shorts at Childrens Place (PLCE) Raised By 5.5%

September 17, 2017 - By Louis Casey

Disciplined Growth Investors Inc decreased Garmin Ltd Shs (GRMN) stake by 0.49% reported in 2016Q4 SEC filing. Disciplined Growth Investors Inc sold 8,065 shares as Garmin Ltd Shs (GRMN)’s stock rose 0.81%. The Disciplined Growth Investors Inc holds 1.64M shares with $79.65M value, down from 1.65M last quarter. Garmin Ltd Shs now has $10.40B valuation. The stock increased 0.32% or $0.17 on September 15, reaching $52.48. About 1.15M shares traded or 19.42% up from the average. Garmin Ltd. (NASDAQ:GRMN) has risen 28.63% since September 17, 2016 and is uptrending. It has outperformed by 11.93% the S&P500.

Childrens Place (NASDAQ:PLCE) had an increase of 5.5% in short interest. PLCE’s SI was 4.71 million shares in September as released by FINRA. Its up 5.5% from 4.47 million shares previously. With 392,300 avg volume, 12 days are for Childrens Place (NASDAQ:PLCE)’s short sellers to cover PLCE’s short positions. The SI to Childrens Place’s float is 27.29%. The stock increased 0.04% or $0.05 on September 15, reaching $111.9. About 467,240 shares traded. Childrens Place Inc (NASDAQ:PLCE) has risen 44.10% since September 17, 2016 and is uptrending. It has outperformed by 27.40% the S&P500.

Disciplined Growth Investors Inc increased Align Technology Inc Com (NASDAQ:ALGN) stake by 21,125 shares to 1.12 million valued at $107.92 million in 2016Q4. It also upped Plexus Corp Com (NASDAQ:PLXS) stake by 23,905 shares and now owns 3.08 million shares. Ceva Inc Com (NASDAQ:CEVA) was raised too.

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.42, from 1.54 in 2016Q3. It fall, as 36 investors sold GRMN shares while 98 reduced holdings. 59 funds opened positions while 122 raised stakes. 73.17 million shares or 3.36% more from 70.79 million shares in 2016Q3 were reported. Federated Invsts Pa stated it has 0% in Garmin Ltd. (NASDAQ:GRMN). Invest Advsrs has 1.48% invested in Garmin Ltd. (NASDAQ:GRMN) for 26,925 shares. Adage Capital Gp Ltd holds 165,712 shares or 0.02% of its portfolio. Acadian Asset Limited Liability Corporation has 0.03% invested in Garmin Ltd. (NASDAQ:GRMN). Nomura holds 0% or 6,365 shares. Utah Retirement has invested 0.02% in Garmin Ltd. (NASDAQ:GRMN). Commerzbank Aktiengesellschaft Fi accumulated 6,809 shares. Raymond James And Assoc invested in 241,979 shares. Fcm Investments Tx accumulated 33,152 shares. Sei Investments invested in 0% or 16,773 shares. 93,606 were reported by Amp Cap Investors Limited. Washington Retail Bank invested in 0.03% or 2,311 shares. Comerica Bancorp owns 46,647 shares. Ig Invest Mgmt Ltd reported 25,000 shares. Voya Investment Mngmt Ltd Liability Corporation stated it has 0.02% in Garmin Ltd. (NASDAQ:GRMN).

Analysts await Garmin Ltd. (NASDAQ:GRMN) to report earnings on October, 25. They expect $0.66 earnings per share, down 12.00% or $0.09 from last year’s $0.75 per share. GRMN’s profit will be $130.79 million for 19.88 P/E if the $0.66 EPS becomes a reality. After $0.88 actual earnings per share reported by Garmin Ltd. for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Since May 26, 2017, it had 0 insider purchases, and 2 sales for $15.67 million activity. BURRELL JONATHAN sold 100,000 shares worth $5.25M.

Among 15 analysts covering Garmin Ltd. (NASDAQ:GRMN), 3 have Buy rating, 4 Sell and 8 Hold. Therefore 20% are positive. Garmin Ltd. had 26 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Garmin Ltd. (NASDAQ:GRMN) has “Underperform” rating given on Thursday, February 18 by Credit Suisse. The rating was upgraded by Citigroup to “Neutral” on Thursday, October 29. The company was upgraded on Tuesday, August 25 by Raymond James. The stock has “Underweight” rating by JP Morgan on Thursday, February 18. The firm has “Underweight” rating by JP Morgan given on Thursday, July 30. The rating was downgraded by Credit Suisse on Friday, January 15 to “Underperform”. The firm has “Hold” rating by Oppenheimer given on Wednesday, August 2. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, July 30. Longbow initiated the stock with “Neutral” rating in Wednesday, August 17 report. The firm has “Neutral” rating by DA Davidson given on Friday, September 11.

The Children’s Place, Inc. is a pure-play children’s specialty apparel retailer in North America. The company has market cap of $1.97 billion. The Firm sells apparel, accessories, footwear and other items for children. It has a 16.05 P/E ratio. The Firm operates through two divisions: The Children’s Place U.S. and The Children’s Place International.

Since March 23, 2017, it had 0 buys, and 7 insider sales for $11.83 million activity. PRUTHI ANURUP sold $48,532 worth of stock or 445 shares. 7,800 shares were sold by COST BRADLEY P, worth $850,276 on Thursday, May 25. On Thursday, May 25 the insider POOLE GREGORY I sold $2.09 million. $2.37 million worth of stock was sold by SCARPA MICHAEL on Thursday, March 23. LOW KEVIN sold 14,517 shares worth $1.58 million.

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