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Fly News Breaks for April 19, 2017
PLCE
Apr 19, 2017 | 08:26 EDT
FBR Capital analyst Susan Anderson views the 12% pullback in shares of Children's Place since the March peak as a "significant" buying opportunity. The stock pulled back yesterday after MScience said the company's comp sales were running down low-single-digits at March-end, Anderson tells investors in a research note. She believes Children's Place's Q1 same-store-sales will "easily" be in line with the positive low-single-digit guidance, if not better, even if sales turned negative at the end of March. Channel checks continue to be positive with promos flattish year-over-year and in-store clearance very lean, the analyst writes. She keeps an Outperform rating on Children's Place.