Children's Place (NASDAQ:PLCE) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Children's Place shares have recently crossed above their 200-day moving average of $5.70, with a trading high of $7.33, indicating potential bullish momentum.
• Analysts have mixed views on the stock, with UBS raising the price target to $7.00 while others like Wall Street Zen and Weiss Ratings have given sell ratings, leading to an average consensus rating of "Reduce."
• In the latest earnings report, Children's Place reported a loss of ($0.15) per share, missing analysts' estimates, despite generating $298.01 million in revenue for the quarter.

The Children's Place, Inc. (NASDAQ:PLCE - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.70 and traded as high as $7.33. Children's Place shares last traded at $7.05, with a volume of 260,889 shares traded.

Analysts Set New Price Targets

PLCE has been the topic of a number of recent research 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 report on Wednesday, September 10th. Wall Street Zen lowered Children's Place from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Children's Place in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $7.00.

Children's Place Trading Down 1.8%

The company has a debt-to-equity ratio of 75.63, a current ratio of 0.93 and a quick ratio of 0.17. The firm has a market cap of $156.30 million, a price-to-earnings ratio of -8.20 and a beta of 2.26. The firm's fifty day moving average is $5.60 and its 200-day moving average is $5.70.

Children's Place (NASDAQ:PLCE - Get Free Report) last issued its quarterly earnings results on Friday, September 5th. The company reported ($0.15) earnings per share 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 business had revenue of $298.01 million for the quarter, compared to analyst estimates of $289.41 million. During the same quarter in the previous year, the business posted $0.30 earnings per share.

Hedge Funds Weigh In On Children's Place

Institutional investors have recently added to or reduced their stakes in the business. Corton Capital Inc. acquired a new stake in shares of Children's Place during the 2nd quarter worth approximately $48,000. Headlands Technologies LLC grew its holdings in Children's Place by 192.0% in the first quarter. Headlands Technologies LLC now owns 6,231 shares of the company's stock worth $54,000 after purchasing an additional 4,097 shares during the period. Bank of America Corp DE increased its stake in Children's Place by 372.8% in the second quarter. Bank of America Corp DE now owns 39,897 shares of the company's stock valued at $177,000 after purchasing an additional 31,458 shares in the last quarter. Oxford Asset Management LLP acquired a new position in shares of Children's Place during the second quarter valued at about $178,000. Finally, Murchinson Ltd. boosted its position in shares of Children's Place by 96.9% during the 2nd quarter. Murchinson Ltd. now owns 59,983 shares of the company's stock worth $266,000 after purchasing an additional 29,527 shares in the last quarter.

Children's Place Company Profile

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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