Children’s Place (NASDAQ:PLCE) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

The Children’s Place, Inc. (NASDAQ:PLCE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.66 and traded as high as $8.92. Children’s Place shares last traded at $8.08, with a volume of 785,083 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PLCE. UBS Group increased their price target on Children’s Place from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Children’s Place in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $7.00.

Children’s Place Trading Down 5.7%

The company has a current ratio of 0.93, a quick ratio of 0.17 and a debt-to-equity ratio of 75.63. The firm has a 50-day moving average price of $6.32 and a 200-day moving average price of $5.66. The company has a market capitalization of $179.13 million, a price-to-earnings ratio of -9.40 and a beta of 2.26.

Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings results on Friday, September 5th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The business had revenue of $298.01 million during the quarter, compared to analyst estimates of $289.41 million. Children’s Place had a negative net margin of 2.04% and a negative return on equity of 10.32%. During the same period in the previous year, the company posted $0.30 earnings per share.

Insider Buying and Selling at Children’s Place

In related news, CEO Muhammad Umair acquired 7,143 shares of Children’s Place stock in a transaction dated Wednesday, October 8th. The stock was acquired at an average cost of $7.00 per share, with a total value of $50,001.00. Following the purchase, the chief executive officer directly owned 277,667 shares in the company, valued at $1,943,669. The trade was a 2.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Children’s Place

Hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC increased its stake in Children’s Place by 192.0% in the 1st quarter. Headlands Technologies LLC now owns 6,231 shares of the company’s stock worth $54,000 after purchasing an additional 4,097 shares in the last quarter. Founders Financial Securities LLC acquired a new position in shares of Children’s Place in the third quarter worth about $62,000. Corton Capital Inc. purchased a new position in shares of Children’s Place in the second quarter worth approximately $48,000. Murchinson Ltd. acquired a new stake in shares of Children’s Place during the first quarter valued at approximately $266,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Children’s Place by 79.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,835 shares of the company’s stock valued at $296,000 after acquiring an additional 14,965 shares in the last quarter.

Children’s Place Company Profile

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.