The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.14 and traded as high as $11.89. Children's Place shares last traded at $10.02, with a volume of 608,008 shares.
Analyst Upgrades and Downgrades
Separately, UBS Group decreased their target price on shares of Children's Place from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, November 18th.
View Our Latest Stock Analysis on Children's Place
Children's Place Stock Performance
The stock has a market capitalization of $120.39 million, a PE ratio of -0.66 and a beta of 2.35. The firm has a 50 day moving average of $10.70 and a 200-day moving average of $11.22.
Children's Place (NASDAQ:PLCE - Get Free Report) last issued its earnings results on Tuesday, December 3rd. The company reported $2.04 EPS for the quarter, missing analysts' consensus estimates 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 period in the previous year, the company posted $3.22 earnings per share.
Institutional Investors Weigh In On Children's Place
Several institutional investors and hedge funds have recently modified their holdings of PLCE. Rockefeller Capital Management L.P. acquired a new stake in shares of Children's Place during the 3rd quarter valued at about $2,772,000. Quest Partners LLC boosted its stake 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 valued at $815,000 after purchasing an additional 51,455 shares in the last quarter. Corsair Capital Management L.P. acquired a new stake in shares of Children's Place in the 3rd quarter valued at $341,000. Centiva Capital LP grew its holdings in shares of Children's Place by 13.5% in the 3rd quarter. Centiva Capital LP now owns 21,321 shares of the company's stock worth $330,000 after purchasing an additional 2,530 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Children's Place during the 3rd quarter worth about $323,000.
About Children's Place
(
Get Free Report)
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.
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