Shares of The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.
Analyst Upgrades and Downgrades
Separately, UBS Group dropped 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 report on Monday, November 18th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Children's Place presently has a consensus rating of "Hold" and a consensus price target of $11.00.
Read Our Latest Report on PLCE
Children's Place Trading Down 1.2 %
The firm has a market capitalization of $136.03 million, a price-to-earnings ratio of -0.75 and a beta of 2.36. The business has a 50-day moving average price of $13.03 and a two-hundred day moving average price of $10.86.
Children's Place (NASDAQ:PLCE - Get Free Report) last posted its earnings results on Tuesday, December 3rd. The company reported $2.04 earnings per share (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 quarter last year, the business earned $3.22 EPS.
Institutional Investors Weigh In On Children's Place
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. acquired a new stake in shares of Children's Place during the third quarter worth $2,772,000. Susquehanna Fundamental Investments LLC acquired a new stake in Children's Place during the 2nd quarter worth about $464,000. Shellback Capital LP purchased a new stake in Children's Place during the second quarter valued at about $423,000. Quest Partners LLC boosted its holdings in shares of Children's Place by 4,217.6% in the third quarter. Quest Partners LLC now owns 52,675 shares of the company's stock worth $815,000 after buying an additional 51,455 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Children's Place by 462.1% in the second quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company's stock worth $398,000 after acquiring an additional 40,200 shares in the last quarter.
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.
Featured Articles
Before you consider Children's Place, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Children's Place wasn't on the list.
While Children's Place currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
