Shares of The Children's Place (PLCE) Rebound After Disappointing Earnings; Several Firms Weigh In

Shares of The Children's Place (NASDAQ: PLCE) are trading at $51.48, up $0.89 (+1.76%) heading into the close. Although shares are just bouncing back after after falling about 5% yesterday. The company misses Q4 EPS by $0.04 vs. the consensus estimate of $0.91 and revenues were $457.5 million versus the consensus estimate of $478.13 million. PLCE issues mixed guidance, with below consensus for Q1, but above consensus for FY12.

Several firms issued comments, including: Goldman Sachs cut its estimates after saying the quarter was mostly disappointing. Janney Montgomery Scott, who believes it's a second-half '12 story - maintained a 'Buy' rating. Also, Monness. Crispi & Hardt even upgraded shares to 'Buy'.

Barclays has maintained their 'Overweight' rating and target price of $58.00. Analyst, Stacy Pak, said, "We believe the guidance is conservative and are raising our Q1 estimate to $1.08 from $1.07, and lowering FY 2012 to $3.80 from $4.20 and FY 2013 to $4.10 from $4.75...We continue to like PLCE and think the shares performed pretty well given the weak Q4/11 results and reduction in 2012 guidance."

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.


To see more ratings on PLCE, Click Here

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