NEW YORK (TheStreet) -- The Children's Place (PLCE - Get Report) 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.
Must Read: Warren Buffett's 25 Favorite Stocks
Stocks TO Buy: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn More.
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 data by YCharts
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts