Children's Place (NASDAQ:PLCE) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Shares of Children's Place (NASDAQ:PLCE) have recently crossed above their 200-day moving average, trading at $7.19 with a peak of $7.21.
• Analysts have mixed views, with UBS Group raising the price target to $7.00 and maintaining a "neutral" rating, while Wall Street Zen downgraded the stock from "hold" to "sell."
• The company reported a quarterly loss of ($0.15) earnings per share, missing the consensus estimate while achieving revenue of $298.01 million, surpassing expectations.

The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.82 and traded as high as $7.21. Children's Place shares last traded at $7.19, with a volume of 386,710 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PLCE. UBS Group boosted 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. Wall Street Zen lowered shares of Children's Place from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $7.00.

Children's Place Trading Down 8.4%

The stock has a market cap of $141.00 million, a PE ratio of -7.40 and a beta of 2.02. The business has a 50-day moving average of $5.34 and a 200 day moving average of $5.83. The company has a debt-to-equity ratio of 75.63, a quick ratio of 0.17 and a current ratio of 0.93.

Children's Place (NASDAQ:PLCE - Get Free Report) last posted its quarterly earnings data on Friday, September 5th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $298.01 million for the quarter, compared to analysts' expectations of $289.41 million. During the same quarter in the prior year, the business posted $0.30 EPS.

Hedge Funds Weigh In On Children's Place

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mithaq Capital SPC lifted its stake in shares of Children's Place by 95.6% in the 1st quarter. Mithaq Capital SPC now owns 13,696,819 shares of the company's stock valued at $119,710,000 after purchasing an additional 6,695,032 shares in the last quarter. Immersion Corp purchased a new stake in Children's Place during the 2nd quarter worth approximately $2,530,000. Shay Capital LLC increased its holdings in Children's Place by 897.1% during the 2nd quarter. Shay Capital LLC now owns 308,322 shares of the company's stock worth $1,366,000 after purchasing an additional 277,401 shares during the last quarter. Alpine Global Management LLC purchased a new stake in Children's Place during the 4th quarter worth approximately $1,789,000. Finally, Geode Capital Management LLC increased its holdings in shares of Children's Place by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 154,654 shares of the company's stock valued at $685,000 after acquiring an additional 5,630 shares during the last quarter.

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.