Janney Montgomery Scott Maintains a 'Buy' on The Children's Place (PLCE); Possible 2H Recovery Story After Q4 Miss
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Price: $2.44 --0%
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
11 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Janney Montgomery Scott maintains a 'Buy' on The Children's Place (NASDAQ: PLCE) price target lowered from $60 to $58.
JMS analyst said, "PLCE reported 4Q11 EPS of $0.87 versus consensus at $0.91 and compared to the company's guidance range of $0.85 to $0.90 and JMS at $0.86. Comparable store sales for 4Q11 came in below expectations at -2.7% versus Retail Metrics' consensus of +0.3% and management guidance of flat...We expect the product to continue to improve; however, the children's sector remains highly competitive with compelling promotions and discounting of spring merchandise across the sector. We believe the macro environment and the competitive pricing atmosphere will continue to weigh on PLCE's margins in the spring season."
"We are lowering our FY12 and FY13 EPS estimates to $3.15 from $3.31 (versus consensus at $3.64) and to $3.88 from $4.10 (versus consensus at $4.31), respectively...We remain conservative for the first half of 2012 with the ongoing (but improving) cost inflation for the spring season and ongoing macro pressures on the PLCE target consumer."
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 $50.59 yesterday.
JMS analyst said, "PLCE reported 4Q11 EPS of $0.87 versus consensus at $0.91 and compared to the company's guidance range of $0.85 to $0.90 and JMS at $0.86. Comparable store sales for 4Q11 came in below expectations at -2.7% versus Retail Metrics' consensus of +0.3% and management guidance of flat...We expect the product to continue to improve; however, the children's sector remains highly competitive with compelling promotions and discounting of spring merchandise across the sector. We believe the macro environment and the competitive pricing atmosphere will continue to weigh on PLCE's margins in the spring season."
"We are lowering our FY12 and FY13 EPS estimates to $3.15 from $3.31 (versus consensus at $3.64) and to $3.88 from $4.10 (versus consensus at $4.31), respectively...We remain conservative for the first half of 2012 with the ongoing (but improving) cost inflation for the spring season and ongoing macro pressures on the PLCE target consumer."
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 $50.59 yesterday.
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