Children’s Place (NASDAQ:PLCE) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

The Children’s Place, Inc. (NASDAQ:PLCE)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.60 and traded as high as $11.65. Children’s Place shares last traded at $11.52, with a volume of 189,063 shares.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. UBS Group raised their price target on Children’s Place from $12.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, Children’s Place currently has an average rating of “Hold” and a consensus target price of $16.00.

Children’s Place Trading Up 3.3 %

The stock has a market capitalization of $146.40 million, a P/E ratio of -0.88 and a beta of 2.23. The stock’s fifty day moving average price is $11.05 and its two-hundred day moving average price is $9.61.

Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, September 11th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate 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 during the quarter.

Institutional Investors Weigh In On Children’s Place

Institutional investors have recently bought and sold shares of the stock. Dark Forest Capital Management LP increased 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 during the period. Point72 DIFC Ltd increased its stake in shares of Children’s Place by 42.3% in the second quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock worth $175,000 after buying an additional 6,383 shares during the period. SG Americas Securities LLC raised its holdings in Children’s Place by 344.1% during the 1st quarter. SG Americas Securities LLC now owns 26,139 shares of the company’s stock valued at $302,000 after buying an additional 20,253 shares during the last quarter. XTX Topco Ltd raised its holdings in Children’s Place by 105.5% during the 2nd quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock valued at $220,000 after buying an additional 13,878 shares during the last quarter. Finally, ARS Investment Partners LLC purchased a new stake in Children’s Place during the 2nd quarter valued at $247,000.

About Children’s Place

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.