Shares of The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.66 and traded as high as $8.92. Children's Place shares last traded at $8.08, with a volume of 785,083 shares trading hands.
Analysts Set New Price Targets
PLCE has been the topic of several analyst reports. UBS Group lifted their price target on shares of 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, October 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $7.00.
Read Our Latest Research Report on Children's Place
Children's Place Stock Performance
The company has a fifty day moving average of $6.32 and a two-hundred day moving average of $5.66. The stock has a market capitalization of $179.13 million, a P/E ratio of -9.40 and a beta of 2.26. The company has a debt-to-equity ratio of 75.63, a current ratio of 0.93 and a quick ratio of 0.17.
Children's Place (NASDAQ:PLCE - Get Free Report) last issued its earnings results 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 return on equity of 10.32% and a negative net margin of 2.04%.The firm had revenue of $298.01 million during the quarter, compared to analyst estimates of $289.41 million. During the same quarter in the previous year, the business posted $0.30 EPS.
Insider Buying and Selling at Children's Place
In other Children's Place 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 purchased 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 directly owned 277,667 shares in the company, valued at $1,943,669. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in PLCE. Headlands Technologies LLC boosted its holdings in shares of Children's Place by 192.0% during the first 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. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Children's Place by 79.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,835 shares of the company's stock worth $296,000 after acquiring an additional 14,965 shares during the period. OMERS ADMINISTRATION Corp lifted its position in Children's Place by 416.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 64,600 shares of the company's stock valued at $565,000 after purchasing an additional 52,100 shares during the last quarter. Nantahala Capital Management LLC boosted its stake in Children's Place by 94.5% during the 1st quarter. Nantahala Capital Management LLC now owns 57,030 shares of the company's stock valued at $498,000 after purchasing an additional 27,716 shares during the period. Finally, Murchinson Ltd. bought a new position in Children's Place in the 1st quarter worth about $266,000.
Children's Place Company Profile
(
Get Free Report)
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.
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