Children’s Place (NASDAQ:PLCE) Shares Pass Above 200 Day Moving Average – What’s Next?

The Children’s Place, Inc. (NASDAQ:PLCE)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.83 and traded as high as $15.35. Children’s Place shares last traded at $14.65, with a volume of 497,254 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PLCE shares. UBS Group lifted their price objective on Children’s Place from $12.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. StockNews.com lowered shares of 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 issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Children’s Place Price Performance

The business’s fifty day simple moving average is $11.78 and its two-hundred day simple moving average is $9.83. The company has a market cap of $186.32 million, a PE ratio of -1.15 and a beta of 2.24.

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

Hedge Funds Weigh In On Children’s Place

Several hedge funds and other institutional investors have recently made changes to their positions in PLCE. Covestor Ltd purchased a new position in shares of Children’s Place in the third quarter worth about $27,000. Dark Forest Capital Management LP lifted its stake in Children’s Place by 67.7% in the 2nd quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock worth $147,000 after purchasing an additional 7,272 shares in the last quarter. Point72 DIFC Ltd boosted its holdings in shares of Children’s Place by 42.3% during the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock worth $175,000 after purchasing an additional 6,383 shares during the last quarter. XTX Topco Ltd grew its position in shares of Children’s Place by 105.5% in the second quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock valued at $220,000 after purchasing an additional 13,878 shares in the last quarter. Finally, ARS Investment Partners LLC acquired a new stake in shares of Children’s Place in the second quarter valued at approximately $247,000.

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.