Shares of The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.66 and traded as high as $8.14. Children's Place shares last traded at $7.90, with a volume of 521,945 shares traded.
Analyst Ratings Changes
Several research firms have recently weighed in on PLCE. Weiss Ratings reissued a "sell (d-)" rating on shares of Children's Place in a research report on Tuesday. UBS Group lifted their price objective on Children's Place from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently 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 Price Performance
The firm has a market capitalization of $175.14 million, a P/E ratio of -9.19 and a beta of 2.26. The business has a 50-day moving average of $5.92 and a 200 day moving average of $5.66. The company has a current ratio of 0.93, a quick ratio of 0.17 and a debt-to-equity ratio of 75.63.
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 analysts' consensus estimates of ($0.10) by ($0.05). Children's Place had a negative net margin of 2.04% and a negative return on equity of 10.32%. The firm had revenue of $298.01 million during the quarter, compared to the consensus estimate of $289.41 million. During the same period in the previous year, the firm earned $0.30 earnings per share.
Insider Buying and Selling
In other news, CEO Muhammad Umair bought 7,143 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The stock was acquired at an average cost of $7.00 per share, with a total value of $50,001.00. Following the transaction, the chief executive officer directly owned 277,667 shares of the company's stock, valued at approximately $1,943,669. This represents a 2.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by insiders.
Hedge Funds Weigh In On Children's Place
A number of hedge funds have recently added to or reduced their stakes in PLCE. Mithaq Capital SPC boosted its stake in Children's Place by 95.6% during 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 during the last quarter. Immersion Corp acquired a new position in Children's Place during the 2nd quarter valued at about $2,530,000. Shay Capital LLC boosted its stake in Children's Place by 897.1% during the 2nd quarter. Shay Capital LLC now owns 308,322 shares of the company's stock valued at $1,366,000 after purchasing an additional 277,401 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Children's Place by 416.8% during 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. Finally, Oxford Asset Management LLP acquired a new position in Children's Place during the 2nd quarter valued at about $178,000.
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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