Children's Place Left 'Significant Wiggle Room' On Its Guidance

Stephens’ Rick Patel reiterated The Children’s Place PLCE at Equal-Weight with a price objective of $80.00 after a “sizeable [earnings] beat” this morning. Children’s Place reported 1QFY16 adjusted EPS of $1.32 vs. Stephen’s estimate of $1.03 and the Street’s estimate of $1.04.
Much of the surprise was due to “smarter inventory management, and higher comps and margins… which we think can continue” claimed the Patel. The Stephens Analyst also praised the company’s “significant wiggle room” in guidance, avoiding risky and aggressive year over year projections.
As a result of positive earnings results and guidance, The Children’s Place was trading up 4.57% this afternoon at $71.35.
Complete list of analyst commentary on Children’s Place today is below:

Q1 Results and Upbeat Forecast 
Q1 Conference Call Summary