Children's Place reports Q2 adjusted EPS (37c), consensus (45c) Reports Q2 revenue $384.6M, consensus $378.63M. Reports Q2 comparable retail sales up 0.8%. The company opened 10 stores and closed 3 during Q2.
Children's Place price target raised to $70 from $60 at FBR Capital FBR Capital raised its price target for Children's Place shares to $70 citing increased confidence in the company's systems transformation and fundamental improvement initiatives after meeting with management. FBR reiterates an Outperform rating on the stock.