The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.12 and traded as high as $15.84. Children's Place shares last traded at $14.67, with a volume of 310,114 shares changing hands.
Analysts Set New Price Targets
PLCE has been the topic of several analyst reports. StockNews.com lowered shares of Children's Place from a "hold" rating to a "sell" rating in a research note on Wednesday, August 21st. UBS Group raised their target price on Children's Place from $12.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $16.00.
Read Our Latest Stock Report on PLCE
Children's Place Stock Down 3.2 %
The business's 50 day moving average price is $12.99 and its two-hundred day moving average price is $10.17.
Children's Place (NASDAQ:PLCE - Get Free Report) 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 return on equity of 4,732.98% and a negative net margin of 10.52%. The firm had revenue of $319.66 million during the quarter.
Hedge Funds Weigh In On Children's Place
Several hedge funds have recently made changes to their positions in PLCE. Covestor Ltd acquired a new stake in Children's Place during the third quarter valued at approximately $27,000. Quantbot Technologies LP acquired a new stake in shares of Children's Place during the 3rd quarter valued at $33,000. Dark Forest Capital Management LP boosted its stake in shares of Children's Place by 67.7% during the 2nd 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 in the last quarter. Point72 DIFC Ltd grew its holdings in shares of 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 acquiring an additional 6,383 shares during the last quarter. Finally, XTX Topco Ltd raised its position in shares of Children's Place by 105.5% during the second 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.
Children's Place Company Profile
(
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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.
Further Reading
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