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

Shares of The Children’s Place, Inc. (NASDAQ:PLCE) passed 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.

Analysts Set New Price Targets

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

Children’s Place Price Performance

The stock’s 50 day moving average price is $11.05 and its two-hundred day moving average price is $9.60. The firm has a market capitalization of $146.40 million, a price-to-earnings ratio of -0.88 and a beta of 2.23.

Children’s Place (NASDAQ:PLCE) last released its earnings results on Wednesday, September 11th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.10) by $1.40. Children’s Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%. The firm had revenue of $319.66 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Dark Forest Capital Management LP grew its stake in shares of Children’s Place by 67.7% in the second quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock worth $147,000 after acquiring an additional 7,272 shares during the last quarter. Point72 DIFC Ltd grew its position in Children’s Place by 42.3% in the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock worth $175,000 after purchasing an additional 6,383 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Children’s Place by 105.5% during the 2nd quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock worth $220,000 after purchasing an additional 13,878 shares during the period. ARS Investment Partners LLC acquired a new position in shares of Children’s Place during the second quarter valued at about $247,000. Finally, SG Americas Securities LLC lifted its stake in shares of Children’s Place by 344.1% in the first quarter. SG Americas Securities LLC now owns 26,139 shares of the company’s stock valued at $302,000 after buying an additional 20,253 shares during the period.

Children’s Place Company Profile

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.