Children’s Place (NASDAQ:PLCE) Share Price Passes Above 200 Day Moving Average – Should You Sell?

The Children’s Place, Inc. (NASDAQ:PLCE) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.12 and traded as high as $15.84. Children’s Place shares last traded at $14.67, with a volume of 310,114 shares.

Wall Street Analyst Weigh In

PLCE has been the subject of a number of analyst reports. StockNews.com downgraded shares of Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. UBS Group increased their target price on shares of Children’s Place from $12.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Children’s Place has a consensus rating of “Hold” and an average price target of $16.00.

Children’s Place Price Performance

The company’s 50 day simple moving average is $12.99 and its 200 day simple moving average is $10.17. The stock has a market cap of $186.51 million, a P/E ratio of -1.15 and a beta of 2.24.

Children’s Place (NASDAQ:PLCE) last announced its earnings results on Wednesday, September 11th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of ($1.10) by $1.40. Children’s Place had a negative net margin of 10.52% and a negative return on equity of 4,732.98%. The firm had revenue of $319.66 million for the quarter.

Institutional Trading of Children’s Place

Institutional investors have recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new position in Children’s Place in the 2nd quarter valued at $464,000. Shellback Capital LP bought a new stake in Children’s Place during the second quarter worth about $423,000. Quest Partners LLC grew its stake in Children’s Place by 4,217.6% during the third quarter. Quest Partners LLC now owns 52,675 shares of the company’s stock worth $815,000 after buying an additional 51,455 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Children’s Place by 462.1% in the 2nd 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. Finally, ARS Investment Partners LLC acquired a new position in shares of Children’s Place in the 2nd quarter valued at approximately $247,000.

Children’s Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.