Children’s Place (NASDAQ:PLCE) Shares Cross Above 200-Day Moving Average – Here’s Why

The Children’s Place, Inc. (NASDAQ:PLCE)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.60 and traded as high as $11.65. Children’s Place shares last traded at $11.52, with a volume of 189,063 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group increased their price objective on Children’s Place from $12.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. StockNews.com downgraded Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Children’s Place Stock Up 3.3 %

The firm has a market capitalization of $146.40 million, a PE ratio of -0.88 and a beta of 2.23. The company’s fifty day simple moving average is $11.05 and its 200 day simple moving average is $9.61.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings data on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of ($1.10) by $1.40. The business had revenue of $319.66 million during the quarter. Children’s Place had a negative return on equity of 4,732.98% and a negative net margin of 10.52%.

Institutional Investors Weigh In On Children’s Place

Several hedge funds have recently bought and sold shares of PLCE. Susquehanna Fundamental Investments LLC purchased a new position in shares of Children’s Place during the second quarter valued at approximately $464,000. Shellback Capital LP bought a new position in Children’s Place during the 2nd quarter valued at approximately $423,000. Canada Pension Plan Investment Board raised its stake in Children’s Place by 462.1% during the second quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company’s stock valued at $398,000 after buying an additional 40,200 shares during the last quarter. Squarepoint Ops LLC raised its stake in Children’s Place by 144.7% during the second quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock valued at $334,000 after buying an additional 24,282 shares during the last quarter. Finally, ARS Investment Partners LLC bought a new stake in Children’s Place in the second quarter worth $247,000.

About Children’s Place

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.