Children’s Place (NASDAQ:PLCE) Stock Passes Above 200 Day Moving Average – Time to Sell?

The Children’s Place, Inc. (NASDAQ:PLCE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.66 and traded as high as $8.14. Children’s Place shares last traded at $7.90, with a volume of 521,945 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group boosted their target price 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 restated a “sell (d-)” rating on shares of Children’s Place in a research note on Tuesday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Children’s Place currently has a consensus rating of “Reduce” and a consensus target price of $7.00.

Children’s Place Trading Up 2.1%

The company has a quick ratio of 0.17, a current ratio of 0.93 and a debt-to-equity ratio of 75.63. The firm has a 50 day moving average of $5.92 and a 200 day moving average of $5.66. The firm has a market cap of $175.14 million, a PE ratio of -9.19 and a beta of 2.26.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings data on Friday, September 5th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $289.41 million. During the same quarter in the previous year, the company posted $0.30 EPS.

Insider Buying and Selling

In other news, CEO Muhammad Umair acquired 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, for a total transaction of $50,001.00. Following the completion of the purchase, the chief executive officer owned 277,667 shares in the company, valued at approximately $1,943,669. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Children’s Place

Several institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC raised its holdings in Children’s Place by 192.0% during the 1st quarter. Headlands Technologies LLC now owns 6,231 shares of the company’s stock valued at $54,000 after acquiring an additional 4,097 shares during the period. Corton Capital Inc. bought a new stake in Children’s Place during the 2nd quarter valued at $48,000. Murchinson Ltd. bought a new stake in Children’s Place during the 1st quarter valued at $266,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Children’s Place by 79.3% during 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 during the period. Finally, Bank of America Corp DE raised its holdings in 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 valued at $177,000 after acquiring an additional 31,458 shares during the period.

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.