Filing Details

Accession Number:
0000930413-22-000204
Form Type:
13G Filing
Publication Date:
2022-02-10 19:00:00
Filed By:
Tiaa Cref Investment Management Llc
Company:
Childrens Place Inc. (NASDAQ:PLCE)
Filing Date:
2022-02-11
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
TIAA-CREF Investment Management 296,571 0 296,571 0 296,571 2.07%
Teachers Advisors 257,060 0 257,060 0 257,060 1.79%
Filing

CUSIP No. 168905107

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13G

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

(AMENDMENT NO.1)*

 

CHILDREN’S PLACE INC.

 

(Name of Issuer)

 

Common

 

(Title of Class of Securities)

 

168905107

 

(CUSIP Number)

 

December 31, 2021

 

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  x  Rule 13d-1(b)  
  o  Rule 13d-1(c)  
  o  Rule 13d-1(d)  

 

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

(Continued on following page(s))

 

CUSIP No. 168905107

 

  13G Page 2 of 8

 

1. NAME OF REPORTING PERSONS  
     
  TIAA-CREF Investment Management, LLC  
     
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o
    (b) o
     
3. SEC USE ONLY  
     
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  Delaware  
     
NUMBER OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH:
       
  5. SOLE VOTING POWER 296,571
       
  6. SHARED VOTING POWER 0
       
  7. SOLE DISPOSITIVE POWER 296,571
       
  8. SHARED DISPOSITIVE POWER 0
       
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  296,571  
   
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
   
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  2.07%  
   
12. TYPE OF REPORTING PERSON
   
  IA  
 

CUSIP No. 168905107

 

  13G Page 3 of 8

 

1. NAME OF REPORTING PERSONS  
     
  Teachers Advisors, LLC  
     
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o
    (b) o
     
3. SEC USE ONLY  
     
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  Delaware  
     
NUMBER OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH:
 
   
  5. SOLE VOTING POWER 257,060
       
  6. SHARED VOTING POWER 0
       
  7. SOLE DISPOSITIVE POWER 257,060
       
  8. SHARED DISPOSITIVE POWER 0
       
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  257,060  
   
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o
   
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
   
  1.79%  
   
12. TYPE OF REPORTING PERSON
   
  IA  
 

CUSIP No. 168905107

 

  13G Page 4 of 8

 

Item 1(a). NAME OF ISSUER:
   
  CHILDREN’S PLACE INC.
   
Item 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:
   
  500 PLAZA DRIVE
SECAUCUS, NJ  07094
United States
   
Items 2(a)-2(c). NAME, ADDRESS OF PRINCIPAL BUSINESS OFFICE, AND CITIZENSHIP OF PERSONS FILING:
   
  TIAA-CREF Investment Management, LLC (“TCIM”)
730 Third Avenue
New York, NY  10017-3206
Citizenship:  Delaware
   
  Teachers Advisors, LLC (“TAL”)
730 Third Avenue
New York, NY  10017-3206
Citizenship:  Delaware

 

Item 2(d). TITLE OF CLASS OF SECURITIES:
   
  Common Stock
   
Item 2(e). CUSIP NUMBER:  168905107
   
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS A:
 

CUSIP No. 168905107

 

  13G Page 5 of 8

 

TCIM

 

(a) o Broker or dealer registered under Section 15 of the Exchange Act.
     
(b) o Bank as defined in Section 3(a)(6) of the Exchange Act.
     
(c) o Insurance Company as defined in Section 3(a)(19) of the Exchange Act.
     
(d) o Investment Company registered under Section 8 of the Investment Company Act of 1940.
     
(e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).  
     
(f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
     
(g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
     
(h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
     
(i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940.
     
(j) o Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
     
TAL
 
(a) o Broker or dealer registered under Section 15 of the Exchange Act.
     
(b) o Bank as defined in Section 3(a)(6) of the Exchange Act.
     
(c) o Insurance Company as defined in Section 3(a)(19) of the Exchange Act.
     
(d) o Investment Company registered under Section 8 of the Investment Company Act of 1940.
     
(e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).  
     
(f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
     
(g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
     
(h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
     
(i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940.
     
(j) o Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

If this statement is filed pursuant to Rule 13d-1(c), check this box. o

 

CUSIP No. 168905107

 

  13G Page 6 of 8

 

Item 4. OWNERSHIP  
     
  (a)  Aggregate amount beneficially owned: 553,631 (See Exhibit A attached)
     
  (b)  Percent of class: 3.86%
     
  (c)  Number of shares as to which person has:
   
  TCIM TAL
     
Sole Voting Power: 296,571 257,060
     
Shared Voting Power: 0 0
     
Sole Dispositive Power: 296,571 257,060
     
Shared Dispositive Power: 0 0
   
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
   
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
   
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
   
  See Exhibit A attached
   
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
   
  Not Applicable
   
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
   
  Not Applicable
   
Item 9. NOTICE OF DISSOLUTION OF GROUP.
   
  Not Applicable
   
Item 10. CERTIFICATIONS.
   
  By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not
 

CUSIP No. 168905107

 

  13G Page 7 of 8

 

  held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with nomination under §240.14a-11
   
  SIGNATURE.
   
  After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
   
  Date: February 11, 2022
   
  TIAA-CREF INVESTMENT MANAGEMENT, LLC
   
  By:  /s/ Stuart R. Brunet
  Stuart Brunet, Managing Director,
  Chief Compliance Officer
   
  TEACHERS ADVISORS, LLC
   
  By:  /s/ Stuart R. Brunet
  Stuart Brunet, Managing Director,
  Chief Compliance Officer
 

CUSIP No. 168905107

 

  13G Page 8 of 8

 

EXHIBIT A

 

ITEM 6. OWNERSHIP.

 

TIAA-CREF Investment Management, LLC (“TCIM”) is the investment adviser to the College Retirement Equities Fund (“CREF”), a registered investment company, and may be deemed to be a beneficial owner of 296,571 shares of Issuer’s common stock owned by CREF. Teachers Advisors, LLC (“TAL”) is the investment adviser to three registered investment companies, TIAA-CREF Funds (“Funds”), TIAA-CREF Life Funds (“Life Funds”), and TIAA Separate Account VA-1 (“VA-1”), as well as one or more separately managed accounts of Advisors (collectively, the “Separate Accounts”), and may be deemed to be a beneficial owner of 257,060 shares of Issuer’s common stock owned separately by Funds, Life Funds, VA-1, and/or the Separate Accounts. These shares were acquired in the ordinary course of business, and not with the purpose or effect of changing or influencing control of the Issuer.