Shares of The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.83 and traded as high as $15.35. Children's Place shares last traded at $14.65, with a volume of 497,254 shares trading hands.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Children's Place from $12.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. StockNews.com lowered shares of Children's Place from a "hold" rating to a "sell" rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $16.00.
Read Our Latest Analysis on Children's Place
Children's Place Trading Down 6.3 %
The business has a 50 day moving average of $11.95 and a 200-day moving average of $9.87. The firm has a market capitalization of $174.52 million, a P/E ratio of -1.07 and a beta of 2.24.
Children's Place (NASDAQ:PLCE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of ($1.10) by $1.40. The business had revenue of $319.66 million for the quarter. Children's Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of PLCE. Susquehanna Fundamental Investments LLC acquired a new position in Children's Place during the 2nd quarter worth approximately $464,000. Shellback Capital LP acquired a new position in Children's Place during the second quarter worth $423,000. Canada Pension Plan Investment Board grew its position in 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 valued at $398,000 after purchasing an additional 40,200 shares in the last quarter. Squarepoint Ops LLC increased its stake in Children's Place by 144.7% in the 2nd quarter. Squarepoint Ops LLC now owns 41,067 shares of the company's stock valued at $334,000 after buying an additional 24,282 shares during the last quarter. Finally, ARS Investment Partners LLC bought a new stake in Children's Place during the 2nd quarter worth about $247,000.
About Children's Place
(
Get Free Report)
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.
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