Imperial Capital Cuts PT on Children's Place (PLCE) as Guidance Weak
Tweet
Share
E-mailGet Alerts PLCE Hot Sheet
Price: $3.08 +0.98%
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 23
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 23
Join SI Premium – FREE
Imperial Capital maintained an In-Line The Children's Place (NASDAQ: PLCE) and cut its price target to $53.00 (from $59.00) following the company’s Q3 results that included sluggish guidance.
"Despite near-term challenges, including the impact of Hurricane Sandy, we believe Children's Place remains well positioned to generate operating margin improvement, reflecting lower product costs, an improved merchandise assortment, a Canadian store recovery, stabilization of the outlet division, and relatively easy comparisons," said analyst Lee J. Giordano.
He reduced 4Q12 EPS estimates by $0.13 to $1.06 and FY12 EPS estimate by $0.10 to $3.15, consistent with the high-end of company guidance. Imperial Capital's revised price target reflects a 14x mulitple on 2013 EPS estimates.
For an analyst ratings summary and ratings history on The Children's Place click here. For more ratings news on The Children's Place click here.
Shares of The Children's Place closed at $47.82 yesterday.
"Despite near-term challenges, including the impact of Hurricane Sandy, we believe Children's Place remains well positioned to generate operating margin improvement, reflecting lower product costs, an improved merchandise assortment, a Canadian store recovery, stabilization of the outlet division, and relatively easy comparisons," said analyst Lee J. Giordano.
He reduced 4Q12 EPS estimates by $0.13 to $1.06 and FY12 EPS estimate by $0.10 to $3.15, consistent with the high-end of company guidance. Imperial Capital's revised price target reflects a 14x mulitple on 2013 EPS estimates.
For an analyst ratings summary and ratings history on The Children's Place click here. For more ratings news on The Children's Place click here.
Shares of The Children's Place closed at $47.82 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities
- Outdoor Holding (POWW) PT Raised to $2.75 at Roth/MKM, reiterates Top Pick
- Ares Management, L.P. (ARES) PT Raised to $153 at TD Cowen
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
