Children's Place authorizes $100M share repurchase program The Children's Place Retail Stores announced that its board has approved an additional share repurchase program for up to $100M of the company's outstanding stock. As previously reported at the end of Q3, the company had approximately $21.6M remaining of the $50M share repurchase program which was authorized by the board in March.
Children's Place downgraded to Hold from Buy at Maxim As previously reported, Maxim downgraded Children's Place to Hold from Buy. The firm has lowered estimates and tempered gross margin expectations given FX impact, unfavorable weather, and likely apparel deflation. Price target lowered to $51 from $60.