Children's Place Retail Stores
Another name in the specialty retail complex that insiders are jumping into here is Children's Place Retail Stores (PLCE), which provides apparel, accessories and shoes for children from newborn to 10 years old. Insiders are buying this stock into some modest weakness here since shares are off by 12% on the year.
Children's Place Retail Stores has a market cap of $1.13 billion and an enterprise value of $886.45 million. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 16.34 and a forward price-to-earnings of 12.32. Its estimated growth rate for this year is 11%, and for next year it's pegged at 16.7%. This is a cash-rich company, since the total cash position on its balance sheet is $204.83 million and its total debt is zero.A director just bought 15,000 shares, or about $668,500 worth of stock, at $44.57 per share. >>Buy Ken Fisher's 5 Favorite Stocks From a technical perspective, PLCE is currently trading above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. Shares of PLCE have found buying interest during the past month and change at around $44 to $43 a share. On Tuesday, this stock soared back above its 50-day moving average of $45.85 a share, and it's now trading with range of taking out its 200-day moving average of $48.97 a share. If you're in the bull camp on PLCE, then I would look for long-biased trades once this stock breaks out above its 200-day at $48.97, and then above some near-term overhead resistance at $49.76 a share with high volume. Look for volume on that move that registers or above its three-month average action of 562,917 shares. If we get that action soon, then PLCE has a great chance of re-testing and possibly taking out its April high of $53.60 a share. On the flipside, I would avoid PLCE or look for short-biased trades if it fails to trigger that move and then drops back below its 50-day at $45.85 a share with heavy volume. A high-volume move below its 50-day will setup PLCE to possibly take out those key near-term support zones at $44 to $43 a share.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV