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

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

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their target price on Children’s Place from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, November 18th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, Children’s Place currently has an average rating of “Hold” and a consensus price target of $11.00.

Children’s Place Stock Down 1.2 %

The firm has a market capitalization of $136.03 million, a PE ratio of -0.75 and a beta of 2.36. The business’s fifty day moving average price is $12.96 and its 200 day moving average price is $10.86.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported $2.04 EPS for the quarter, missing the consensus estimate 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 earned $3.22 EPS.

Institutional Trading of Children’s Place

Hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. purchased a new stake in Children’s Place during the third quarter worth $2,772,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Children’s Place in the 2nd quarter worth about $464,000. Quest Partners LLC grew its stake in 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 acquiring an additional 51,455 shares during the last quarter. Shellback Capital LP purchased a new position in Children’s Place during the 2nd quarter valued at about $423,000. Finally, Canada Pension Plan Investment Board raised its position in Children’s Place by 462.1% during 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 during the last quarter.

About Children’s Place

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.