Sentiment in Childrens Place has improved considerably during the quarter, most recenekty Analysts have increased price targets and ratings Susan Anderson from B.Riley FBR reiterated a Buy rating on Children’s Place, with a price target of $122. The company’s shares closed yesterday at $108.47.
“The Children’s Place (PLCE) will report 1Q19 earnings before the market open on a management call scheduled for 8:00 AM ET the same day. We are expecting 1Q EPS of ($0.50) in line with the street of ($0.50) and vs. guidance of ($0.70)–($0.40). We expect SSS to decline –9.3% vs. consensus of –8.7% driven by sales pressure from the liquidation sales at Gymboree (GYMB), as well as some impact from the delayed tax returns. We would note SpendTrend credit card data picked up dramatically in April for children’s retailers, likely due to less pressure from GYMB, the Easter shift, and improved weather.”
A small long into earnings may be a option depending on market behavior.
Analyst Average Price Target $120
Average recommendation Overweight
Company Description
The Children's Place, Inc. engages in the provision of apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children's Place, Place and Baby Place.
“The Children’s Place (PLCE) will report 1Q19 earnings before the market open on a management call scheduled for 8:00 AM ET the same day. We are expecting 1Q EPS of ($0.50) in line with the street of ($0.50) and vs. guidance of ($0.70)–($0.40). We expect SSS to decline –9.3% vs. consensus of –8.7% driven by sales pressure from the liquidation sales at Gymboree (GYMB), as well as some impact from the delayed tax returns. We would note SpendTrend credit card data picked up dramatically in April for children’s retailers, likely due to less pressure from GYMB, the Easter shift, and improved weather.”
A small long into earnings may be a option depending on market behavior.
Analyst Average Price Target $120
Average recommendation Overweight
Company Description
The Children's Place, Inc. engages in the provision of apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children's Place, Place and Baby Place.