Analysts at Piper Jaffray Cos. downgraded shares of The Children’s Place Retail Stores Inc. (NASDAQ: PLCE) from Overweight to Neutral in a research note to investors today. Piper Jaffray Cos. currently has a rating of Neutral on the shares. As a means of comparison, a number of other analysts have issued reports on the company recently, and the company has earned a consensus one-year price target of $89.30, above the opening price of $80.31, a difference of 11.14 percent. The Children’s Place Retail Stores Inc. stock has a 52-week high of $90.00. considerable and fundamental digressions in the company’s actions, future ision or industry can cause downgrades as the analysts believe that the future prospects for the security have diminished from the original recommendation.
The Fed stood pat on interest rates on Wednesday, helping stocks to mostly higher levels but Chairwoman Janet Yellen indicated an interest rate hike is likely by year’s end
On Wednesday, the S&P 500 SPX, +1.09% ended 1.1% higher, while the Dow DJIA, +0.90% jumped by 0.9%, or 164 points, as each exchange finished in positive territory for a second consecutive day.
The tech-heavy Nasdaq Composite COMP, +1.03% tacked on 1% and scored a record closing high.
S&P 500 futures ESZ6, +0.36% were up 6.55 points, or 0.3%, to 2,162.75 early Thursday, while Dow Jones Industrial Average futures YMZ6, +0.37% rose 58 points, or 0.3%, to 18,276. Nasdaq-100 futures NQZ6, +0.39% gained 16.25 points, or 0.3%, to 4,866.25.
Yesterday The Children’s Place Retail Stores Inc. (NASDAQ: PLCE) shares last traded at $80.15, which represents a drop of $2.64 over the previous closing price. Opening at $80.31, they ranged from $78.90 and $81.15 throughout the day.
The Children’s Place Retail Stores Inc. (NASDAQ: PLCE) now has a market cap of 1.47B.
647,444 shares traded hands yesterday, above the norm, out of a total float 18,088,000. Heavy volume aggregation by institutional investors may be in the near future as the combination of substantial expansions in trading volume and price growth can be determining components.
However, a single day of heavy buy side trading is not enough to affirm a trend. As such, market traders will continue to watch for institutional sponsorship as an indicator that financial institutions are moving forward.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain substantial teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you’re researching.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
With that in mind, The Children’s Place Retail Stores Inc. (NASDAQ: PLCE) now has a 50-day MA of $82.76 and 200-day MA of $78.51. It has traded in a 52-week range between $46.74 – 90.00 and today’s last price is 0.11% lower than the 52 week high of $90.00.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors look for companies that have increased their earnings by at least 25% over the past 3 years.
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