Janney Montgomery Scott Starts The Children's Place (PLCE) at Neutral; Macro Climate and Inflation Weigh on Sector
Tweet
Share
E-mailGet Alerts PLCE Hot Sheet
Price: $2.44 +1.67%
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Janney Montgomery Scott initiates coverage on The Children's Place (NASDAQ: PLCE) with a Neutral. PT $45.00.
JMS analyst says, "Our Neutral thesis is primarily based on 1) a potentially weakening macro backdrop, 2) a target consumer at the more price sensitive end of the income spectrum, 3) a highly competitive promotional environment, and 4)near-term margin pressure from rising costs. On the other hand, we believe the following: 1) product is improving and could work to drive the turn to sustainable positive comps; 2) improved timing and freshness of floor sets could result in improved merchandise margins; and 3) new leadership has the potential to drive positive changes. We believe that 2011 is a year of transition, laying the foundation for 2012 with several initiatives."
"We are projecting FY11 EPS of $3.19 (the Street is at $3.21) and FY12 EPS of $3.79 (the Street is at $3.80)."
For more ratings news on The Children's Place click here and for the rating history of The Childrens Place click here.
Shares of The Children's Place closed at $38.87 yesterday.
JMS analyst says, "Our Neutral thesis is primarily based on 1) a potentially weakening macro backdrop, 2) a target consumer at the more price sensitive end of the income spectrum, 3) a highly competitive promotional environment, and 4)near-term margin pressure from rising costs. On the other hand, we believe the following: 1) product is improving and could work to drive the turn to sustainable positive comps; 2) improved timing and freshness of floor sets could result in improved merchandise margins; and 3) new leadership has the potential to drive positive changes. We believe that 2011 is a year of transition, laying the foundation for 2012 with several initiatives."
"We are projecting FY11 EPS of $3.19 (the Street is at $3.21) and FY12 EPS of $3.79 (the Street is at $3.80)."
For more ratings news on The Children's Place click here and for the rating history of The Childrens Place click here.
Shares of The Children's Place closed at $38.87 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ICICI Securities Resumes Oberoi Realty Ltd (OBER:IN) at Buy (1)
- RBC Capital Starts Krystal Biotech (KRYS) at Outperform
- Evercore ISI Starts Alvotech SA (ALVO) at Outperform
Create E-mail Alert Related Categories
New CoverageRelated Entities
Janney Montgomery ScottSign 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!
