The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.17 and traded as high as $7.23. Children's Place shares last traded at $6.94, with a volume of 6,535,416 shares trading hands.
Wall Street Analyst Weigh In
PLCE has been the topic of a number of recent analyst reports. Wall Street Zen cut Children's Place from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. UBS Group cut their price target on Children's Place from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th.
Read Our Latest Stock Analysis on PLCE
Children's Place Stock Down 4.7%
The stock has a 50 day moving average price of $5.11 and a 200 day moving average price of $7.03. The stock has a market capitalization of $120.60 million, a price-to-earnings ratio of -1.74 and a beta of 1.72. The company has a quick ratio of 0.14, a current ratio of 0.92 and a debt-to-equity ratio of 75.63.
Children's Place (NASDAQ:PLCE - Get Free Report) last announced its quarterly earnings results on Friday, June 6th. The company reported ($1.52) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($1.44). Children's Place had a negative net margin of 3.97% and a negative return on equity of 10.32%. The firm had revenue of $242.13 million for the quarter, compared to analyst estimates of $313.85 million.
Hedge Funds Weigh In On Children's Place
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mithaq Capital SPC lifted its stake in shares of Children's Place by 95.6% in the first quarter. Mithaq Capital SPC now owns 13,696,819 shares of the company's stock worth $119,710,000 after acquiring an additional 6,695,032 shares during the period. Quinn Opportunity Partners LLC lifted its stake in shares of Children's Place by 76.8% in the fourth quarter. Quinn Opportunity Partners LLC now owns 638,018 shares of the company's stock worth $6,674,000 after acquiring an additional 277,185 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Children's Place in the fourth quarter worth approximately $1,887,000. Alpine Global Management LLC acquired a new position in shares of Children's Place in the fourth quarter worth approximately $1,789,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Children's Place by 967.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 162,549 shares of the company's stock worth $1,700,000 after acquiring an additional 147,321 shares during the period.
About Children's Place
(
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.
Further Reading
Before you consider Children's Place, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Children's Place wasn't on the list.
While Children's Place currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
