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TheStreet Open House

Will Children’s Place (PLCE) Stock Be helped By This Price Target Increase?

NEW YORK (TheStreet) -- The Children's Place (PLCE)   price target and full year 2014 and 2015 earnings estimates were raised by analysts at BMO Capital, following the company's 2014 second quarter earnings beat.

The firm raised its price target on the children's apparel and accessories retailer to $53 from $48.

BMO's full year 2014 earnings estimate for The Children's Place was increased to $3.12 from $3.02, and its 2015 full year estimates were raised to $3.43 from $3.38.

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On Thursday, The Children's Place reported a narrower than expected adjusted net loss of -$8.2 million, or -37 cents per share, while analysts were expecting a loss of -45 cents per share.

Shares of The Children's Place are down by -0.44% to $54.14 at the start of trading on Friday.

Separately, TheStreet Ratings team rates CHILDRENS PLACE INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate CHILDRENS PLACE INC (PLCE) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."

You can view the full analysis from the report here: PLCE Ratings Report

PLCE Chart PLCE data by YCharts

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