Children’s Place (NASDAQ:PLCE) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

The Children’s Place, Inc. (NASDAQ:PLCE)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.73 and traded as high as $8.39. Children’s Place shares last traded at $7.70, with a volume of 491,211 shares trading hands.

Analyst Upgrades and Downgrades

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

Children’s Place Stock Performance

The stock has a 50-day moving average of $6.78 and a 200-day moving average of $5.73. The firm has a market cap of $170.71 million, a price-to-earnings ratio of -8.95 and a beta of 2.26. The company has a debt-to-equity ratio of 75.63, a quick ratio of 0.17 and a current ratio of 0.93.

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

Insider Transactions at Children’s Place

In other news, CEO Muhammad Umair bought 7,143 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were acquired at an average price of $7.00 per share, with a total value of $50,001.00. Following the transaction, the chief executive officer owned 277,667 shares in the company, valued at $1,943,669. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Children’s Place

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Corton Capital Inc. acquired a new position in shares of Children’s Place during the 2nd quarter worth approximately $48,000. Headlands Technologies LLC increased its position in shares of Children’s Place by 192.0% during 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 during the last quarter. Founders Financial Securities LLC acquired a new position in shares of Children’s Place during the 3rd quarter worth approximately $62,000. Bank of America Corp DE increased its position in shares of Children’s Place by 372.8% during the 2nd quarter. Bank of America Corp DE now owns 39,897 shares of the company’s stock worth $177,000 after purchasing an additional 31,458 shares during the last quarter. Finally, Oxford Asset Management LLP acquired a new position in shares of Children’s Place during the 2nd quarter worth approximately $178,000.

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.