Goldman Sachs Trims Target/Estimates on The Children's Place (PLCE) Following Q4

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March 8, 2012 11:04 AM EST
Get Alerts PLCE Hot Sheet
Price: $2.49 +2.47%

Rating Summary:
    11 Buy, 13 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Goldman Sachs trimmed estimates and its price target on The Children's Place (NASDAQ: PLCE) from $51 to $47 following disappointing Q4 EPS of $0.87, versus the firm's estimate of $0.88 and the consensus of $0.91. The firm maintained their Neutral rating.

Although results were mostly disappointing, Goldman highlighted that some bright spots included solid inventory controls, and positive comments related to full price selling of new dressy assortments in February.

The firm cut 2012/2013 EPS estimates to $3.24/$3.79 versus $3.69/$4.25.

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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