Children’s Place (NASDAQ:PLCE) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of The Children’s Place, Inc. (NASDAQ:PLCE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.86 and traded as high as $11.14. Children’s Place shares last traded at $10.77, with a volume of 273,658 shares traded.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on shares of Children’s Place from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. One equities research 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, Children’s Place presently has a consensus rating of “Hold” and an average target price of $11.00.

Children’s Place Price Performance

The company has a fifty day moving average price of $13.03 and a two-hundred day moving average price of $10.86. The company has a market capitalization of $137.69 million, a P/E ratio of -0.76 and a beta of 2.36.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.63 by ($0.59). Children’s Place had a negative net margin of 12.47% and a negative return on equity of 4,732.98%. During the same quarter last year, the firm earned $3.22 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Shellback Capital LP bought a new position in shares of Children’s Place during the second quarter worth about $423,000. Susquehanna Fundamental Investments LLC bought a new position in Children’s Place during the 2nd quarter worth approximately $464,000. Quest Partners LLC lifted its position in shares of Children’s Place by 4,217.6% in the 3rd quarter. Quest Partners LLC now owns 52,675 shares of the company’s stock worth $815,000 after purchasing an additional 51,455 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of Children’s Place in the 3rd quarter valued at $2,772,000. Finally, Dark Forest Capital Management LP increased its position in shares of Children’s Place by 67.7% during the second quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock worth $147,000 after buying an additional 7,272 shares during the period.

Children’s Place Company Profile

The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm also designs contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. It operates through The Children’s Place U.S.