Children’s Place (NASDAQ:PLCE) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

The Children’s Place, Inc. (NASDAQ:PLCE)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.14 and traded as high as $11.89. Children’s Place shares last traded at $10.02, with a volume of 608,008 shares changing hands.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their price objective on Children’s Place from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.00.

Children’s Place Price Performance

The firm’s 50 day simple moving average is $10.88 and its two-hundred day simple moving average is $11.14. The firm has a market capitalization of $128.11 million, a P/E ratio of -0.71 and a beta of 2.35.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.63 by ($0.59). Children’s Place had a negative return on equity of 4,732.98% and a negative net margin of 12.47%. During the same period in the previous year, the company posted $3.22 earnings per share.

Institutional Trading of Children’s Place

A number of institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. purchased a new position in shares of Children’s Place in the third quarter worth $2,772,000. Quest Partners LLC grew its holdings in Children’s Place by 4,217.6% in the 3rd quarter. Quest Partners LLC now owns 52,675 shares of the company’s stock worth $815,000 after acquiring an additional 51,455 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Children’s Place by 144.7% in the second quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock valued at $334,000 after acquiring an additional 24,282 shares during the period. Corsair Capital Management L.P. bought a new position in shares of Children’s Place during the third quarter valued at about $341,000. Finally, Verition Fund Management LLC bought a new position in shares of Children’s Place during the third quarter valued at about $323,000.

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.