Children’s Place (NASDAQ:PLCE) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

The Children’s Place, Inc. (NASDAQ:PLCE)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.86 and traded as high as $11.14. Children’s Place shares last traded at $10.77, with a volume of 273,658 shares.

Analysts Set New Price Targets

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

Children’s Place Stock Down 1.2 %

The firm has a market cap of $136.03 million, a PE ratio of -0.75 and a beta of 2.36. The firm’s 50 day moving average is $12.96 and its 200-day moving average is $10.86.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results 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 last year, the business earned $3.22 EPS.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd raised its position in shares of Children’s Place by 105.5% during the 2nd quarter. XTX Topco Ltd now owns 27,038 shares of the company’s stock worth $220,000 after purchasing an additional 13,878 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Children’s Place by 462.1% in the second quarter. Canada Pension Plan Investment Board now owns 48,900 shares of the company’s stock valued at $398,000 after buying an additional 40,200 shares during the period. Point72 DIFC Ltd boosted its position in shares of Children’s Place by 42.3% during the 2nd quarter. Point72 DIFC Ltd now owns 21,466 shares of the company’s stock valued at $175,000 after purchasing an additional 6,383 shares in the last quarter. Squarepoint Ops LLC grew its position in Children’s Place by 144.7% in the second quarter. Squarepoint Ops LLC now owns 41,067 shares of the company’s stock worth $334,000 after buying an additional 24,282 shares during the last quarter. Finally, Dark Forest Capital Management LP raised its holdings in Children’s Place by 67.7% during the 2nd quarter. Dark Forest Capital Management LP now owns 18,006 shares of the company’s stock worth $147,000 after buying an additional 7,272 shares during the period.

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.