Children’s Place (NASDAQ:PLCE) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

The Children’s Place, Inc. (NASDAQ:PLCE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.12 and traded as high as $15.84. Children’s Place shares last traded at $14.67, with a volume of 310,114 shares changing hands.

Analyst Upgrades and Downgrades

PLCE has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Children’s Place from $12.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. StockNews.com downgraded 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 company. Based on data from MarketBeat, Children’s Place presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Children’s Place Trading Down 7.6 %

The stock’s 50-day moving average price is $12.99 and its 200-day moving average price is $10.17. The stock has a market cap of $186.51 million, a price-to-earnings ratio of -1.15 and a beta of 2.24.

Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of ($1.10) by $1.40. Children’s Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%. The business had revenue of $319.66 million for the quarter.

Institutional Investors Weigh In On Children’s Place

A number of hedge funds have recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new position in shares of Children’s Place during the 2nd quarter worth approximately $464,000. Quest Partners LLC lifted its position in shares of Children’s Place by 4,217.6% during 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 period. Shellback Capital LP bought a new position in Children’s Place during the second quarter worth $423,000. Canada Pension Plan Investment Board grew its holdings 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 worth $398,000 after purchasing an additional 40,200 shares during the period. Finally, Squarepoint Ops LLC increased its stake in Children’s Place by 144.7% in the second quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock valued at $334,000 after purchasing an additional 24,282 shares in the last quarter.

Children’s Place Company Profile

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.