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PLCE

Children's Place

$138.95

1.15 (0.83%)

, GS

Goldman Sachs

$262.53

-5.07 (-1.89%)

06:08
03/20/18
03/20
06:08
03/20/18
06:08

Children's Place announces $125M accelerated share repurchase program

The Children's Place (PLCE) announced it intends to enter into an Accelerated Share Repurchase program with Goldman Sachs & Co. (GS) to repurchase an aggregate of $125M of the company's common stock under its current authorization using cash repatriated from its foreign subsidiaries. This ASR program is part of the Company's existing share repurchase program previously authorized by the Board of Directors. Under the terms of the ASR program, the Company will repurchase an aggregate of $125 million of its common stock with an initial delivery of approximately 80% of the shares expected to be repurchased. The Company intends to retire these initial shares as soon as practical after receipt. The final number of shares to be repurchased under the ASR will be based on a discount to the volume-weighted average stock price and will be determined at the completion of the ASR program. Purchases under the ASR are expected to be completed

PLCE

Children's Place

$138.95

1.15 (0.83%)

GS

Goldman Sachs

$262.53

-5.07 (-1.89%)

  • 20

    Mar

  • 20

    Mar

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    May

PLCE Children's Place
$138.95

1.15 (0.83%)

12/21/17
12/21/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Anadarko (APC) assumed with an Overweight at Piper Jaffray. 2. Hasbro (HAS) was initiated with a Buy at B. Riley FBR while Mattel (MAT) was initiated with a Neutral. 3. bluebird bio (BLUE) initiated with a Perform at Oppenheimer. 4. Cree (CREE) initiated with a Neutral at Piper Jaffray. 5. Children's Place (PLCE) and Carter's (CRI) were initiated with a Hold at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/18
RHCO
01/09/18
NO CHANGE
Target $157
RHCO
Hold
Children's Place price target raised to $157 from $150 at SunTrust
SunTrust analyst Pamela Quintiliano raised her price target on Children's Place to $157 after the company's post-holiday update that featured a raise in Q4 EPS and comps forecasts. The analyst says she is impressed with the execution of Children's Place, anticipating the company to achieve its 10% operating margin goals, but adds that the 18.1-times forward PE valuation relative to 15.3-times historical average suggests that these positive expectations are baked into the price. Quintiliano keeps her Hold rating on Children's Place.
03/01/18
COWN
03/01/18
INITIATION
Target $160
COWN
Outperform
Children's Place initiated with an Outperform at Cowen
Cowen analyst David Buckley initiated Children's Place with an Outperform rating as he sees upside to consensus estimates as management continues to execute its key strategic initiatives. Buckley has a $160 price target on Children's Place shares.
03/01/18
03/01/18
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Twilio (TWLO) initiated with a Buy at BofA/Merrill. 2. Rayonier (RYN) initiated with a Neutral at Citi. 3. Children's Place (PLCE) initiated with an Outperform at Cowen. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
GS Goldman Sachs
$262.53

-5.07 (-1.89%)

01/18/18
RBCM
01/18/18
NO CHANGE
Target $265
RBCM
Sector Perform
Goldman Sachs price target raised to $265 from $240 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on Goldman Sachs to $265 and kept his Sector Perform rating following Q4 earnings. Cassidy contends that the weak trading results, particularly in FICC, were more than offset by Goldman's "diversified revenue mix, led by strong Investment banking results and private equity gains". The analyst also notes the company's efforts to grow and deepen relationships across its major businesses, while deriving further benefits from the "actual and perceived loosening of regulations under the Trump administration".
01/25/18
WELS
01/25/18
NO CHANGE
Target $320
WELS
Outperform
Goldman Sachs price target raised to $320 from $295 at Wells Fargo
Wells Fargo analyst Mike Mayo raised his price target for Goldman Sachs to $320 form $295 saying it should have the highest pre-tax margin this decade by 2019. The analyst notes that Goldman has preserved more of its infrastructure than peer even while reducing comp and non-comp expense, which should result in greater revenues at lower marginal cost. Mayo reiterates an Outperform rating on the shares.
01/31/18
DBAB
01/31/18
NO CHANGE
Target $15
DBAB
Sell
GE likely to be dropped from Dow 30 index, says Deutsche Bank
General Electric (GE) is likely to be dropped from the Dow Jones Industrial Average after being in the index of 30 companies for over 110 years as an original member since 1896, Deutsche Bank analyst John Inch tells investors in a research note. The chances that GE could be removed from the Dow are increasing as the company continues to face "substantial challenges," the analyst writes. These include "earnings and cash pressure, tough global power generation markets, aggressive downsizing, shrinking its portfolio, management shake-up and SEC investigations," Inch argues. He sees "headline risk" as the most significant risk factor if GE were to be dropped from the Dow, "potentially amplified by GE's high mix of retail investors." Inch notes that the last major Dow shakeup occurred in September 2003, when American Airlines (AAL), Bank of America (BAC) and Hewlett Packard (HPQ) were removed and Goldman Sachs (GS), Nike (NKE) and Verizon (VZ) were added. Inch has a Sell rating on General Electric with a $15 price target. The shares closed yesterday down 33c to $15.95.
02/02/18
MSCO
02/02/18
NO CHANGE
MSCO
BofA, JPMorgan, Citi best positioned for tougher CCAR test, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck said she had expected an easier stress test from the Federal Reserve but that the 2018 CCAR test actually seems tougher than last year, given the more intense recessions and lower asset prices modeled in it. A tougher test makes her less optimistic on her strong payout growth expectations, said Graseck, who sees Bank of America (BAC), JPMorgan (JPM) and Citi (C) as best positioned to "weather the storm" and increase payouts given their resilient balance sheets and significant excess capital. She sees Goldman Sachs (GS), which recently cut buybacks, as at risk from a tougher test, which likely weighs on the bank's 2018 ask, Graseck added.

TODAY'S FREE FLY STORIES

BHLB

Berkshire Hills Bancorp

$40.80

0.15 (0.37%)

22:34
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22:34
Upgrade
Berkshire Hills Bancorp rating change at Compass Point »

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  • 19

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PG

Procter & Gamble

$79.71

-0.34 (-0.42%)

22:34
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22:34
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Downgrade
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GWW

Grainger

$338.99

33.78 (11.07%)

22:33
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22:33
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22:33
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  • 18

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MS

Morgan Stanley

$50.54

1.34 (2.72%)

22:32
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07/18
22:32
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22:32
Upgrade
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  • 18

    Jul

ESTA

Establishment Labs

$0.00

(0.00%)

22:17
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Establishment Labs 3.715M share IPO priced at $18.00 »

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  • 19

    Jul

CNST

Constellation Pharmaceuticals

$0.00

(0.00%)

22:12
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Syndicate
Constellation Pharmaceuticals 4M share IPO priced at $15.00 »

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  • 19

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CARB

Carbonite

$37.90

0.6 (1.61%)

22:09
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Syndicate
Carbonite 5.463M share Secondary priced at $37.50 »

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TLRY

Tilray

$0.00

(0.00%)

22:04
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22:04
Syndicate
Tilray 9M share IPO priced at $17.00 »

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  • 19

    Jul

JBLU

JetBlue

$19.97

0.44 (2.25%)

, EADSY

Airbus

$0.00

(0.00%)

20:47
07/18/18
07/18
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20:47
Periodicals
JetBlue founder to launch new U.S. low-cost airline, LA Times says »

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JBLU

JetBlue

$19.97

0.44 (2.25%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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  • 24

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PTC

PTC

$98.51

-0.4 (-0.40%)

20:28
07/18/18
07/18
20:28
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20:28
Recommendations
PTC analyst commentary at MUFG »

PTC price target raised…

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  • 18

    Jul

PM

Philip Morris

$82.16

-0.17 (-0.21%)

, UNP

Union Pacific

$141.26

2.96 (2.14%)

20:25
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20:25
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

PM

Philip Morris

$82.16

-0.17 (-0.21%)

UNP

Union Pacific

$141.26

2.96 (2.14%)

DHR

Danaher

$98.80

-0.78 (-0.78%)

BK

BNY Mellon

$55.64

1.59 (2.94%)

BX

Blackstone

$36.23

0.52 (1.46%)

BBT

BB&T

$52.99

1 (1.92%)

TRV

Travelers

$130.03

1.26 (0.98%)

PPG

PPG

$106.84

1.43 (1.36%)

KEY

KeyCorp

$20.30

0.24 (1.20%)

FITB

Fifth Third

$30.26

0.75 (2.54%)

NUE

Nucor

$65.65

1.045 (1.62%)

GPC

Genuine Parts

$94.64

0.47 (0.50%)

ADS

Alliance Data

$226.51

1.13 (0.50%)

DPZ

Domino's Pizza

$283.74

1.74 (0.62%)

DOV

Dover

$74.21

-0.37 (-0.50%)

03/08/13
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FFKT

Farmers Capital Bank

$53.50

0.65 (1.23%)

20:23
07/18/18
07/18
20:23
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20:23
Earnings
Farmers Capital Bank reports Q2 EPS 83c, consensus 73c »

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APC

Anadarko

$71.49

0.06 (0.08%)

20:13
07/18/18
07/18
20:13
07/18/18
20:13
Recommendations
Anadarko analyst commentary at MUFG »

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  • 01

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HES

Hess Corp.

$64.14

0.67 (1.06%)

20:00
07/18/18
07/18
20:00
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20:00
Recommendations
Hess Corp. analyst commentary at MUFG »

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  • 25

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NBL

Noble Energy

$34.34

-0.11 (-0.32%)

19:52
07/18/18
07/18
19:52
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19:52
Recommendations
Noble Energy analyst commentary at MUFG »

Noble Energy price target…

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  • 03

    Aug

NDLS

Noodles & Company

$11.80

-0.35 (-2.88%)

, IBM

IBM

$144.44

0.98 (0.68%)

19:08
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

NDLS

Noodles & Company

$11.80

-0.35 (-2.88%)

IBM

IBM

$144.44

0.98 (0.68%)

BHLB

Berkshire Hills Bancorp

$40.80

0.15 (0.37%)

CL

Colgate-Palmolive

$64.81

-0.76 (-1.16%)

EGAN

eGain

$13.15

-0.75 (-5.40%)

EBAY

eBay

$37.95

0.13 (0.34%)

CCK

Crown Holdings

$45.12

-0.265 (-0.58%)

PTC

PTC

$98.51

-0.4 (-0.40%)

AXP

American Express

$102.98

1.84 (1.82%)

URI

United Rentals

$155.14

2.94 (1.93%)

AA

Alcoa

$47.90

-0.105 (-0.22%)

SPWH

Sportsman's Warehouse

$5.23

-0.16 (-2.97%)

RUN

Sunrun

$15.16

-0.02 (-0.13%)

CLX

Clorox

$129.50

-5.5 (-4.07%)

03/08/13
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GSBC

Great Southern Bancorp

$58.55

-0.2 (-0.34%)

19:03
07/18/18
07/18
19:03
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19:03
Earnings
Great Southern Bancorp reports Q2 EPS 97c, consensus 94c »

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OMAB

OMA Airports

$45.82

-0.48 (-1.04%)

18:40
07/18/18
07/18
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18:40
Hot Stocks
OMA Airports reports Q2 passenger traffic up 9.6% »

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OPTN

Optinose

$26.97

0.36 (1.35%)

18:35
07/18/18
07/18
18:35
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18:35
Recommendations
Optinose analyst commentary at BMO Capital »

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T

AT&T

$31.73

-0.02 (-0.06%)

18:29
07/18/18
07/18
18:29
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18:29
Periodicals
DOJ: AT&T-Time Warner ruling ignored 'basic economics,' FT reports »

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  • 24

    Jul

  • 09

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SBGI

Sinclair Broadcast

$27.35

-0.65 (-2.32%)

, TRCO

Tribune Media

$34.09

0.79 (2.37%)

18:26
07/18/18
07/18
18:26
07/18/18
18:26
Hot Stocks
FCC votes unanimously to adopt hearing order on Sinclair-Tribune deal »

This evening, the Federal…

SBGI

Sinclair Broadcast

$27.35

-0.65 (-2.32%)

TRCO

Tribune Media

$34.09

0.79 (2.37%)

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  • 08

    Aug

  • 06

    Sep

RUN

Sunrun

$15.16

-0.02 (-0.13%)

, JKS

JinkoSolar

$13.70

-0.1 (-0.72%)

18:25
07/18/18
07/18
18:25
07/18/18
18:25
Downgrade
Sunrun, JinkoSolar, Canadian Solar, Vivint Solar rating change at Goldman Sachs »

Sunrun downgraded to…

RUN

Sunrun

$15.16

-0.02 (-0.13%)

JKS

JinkoSolar

$13.70

-0.1 (-0.72%)

CSIQ

Canadian Solar

$12.83

0.15 (1.18%)

VSLR

Vivint Solar

$5.20

(0.00%)

03/08/13
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  • 07

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SBGI

Sinclair Broadcast

$27.35

-0.65 (-2.32%)

, TRCO

Tribune Media

$34.09

0.79 (2.37%)

18:25
07/18/18
07/18
18:25
07/18/18
18:25
Periodicals
Breaking Periodicals news story on Sinclair Broadcast, Tribune Media »

FCC votes unanimously to…

SBGI

Sinclair Broadcast

$27.35

-0.65 (-2.32%)

TRCO

Tribune Media

$34.09

0.79 (2.37%)

03/08/13
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  • 08

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  • 06

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RUN

Sunrun

$15.16

-0.02 (-0.13%)

18:13
07/18/18
07/18
18:13
07/18/18
18:13
Downgrade
Sunrun rating change at Goldman Sachs »

Sunrun downgraded to…

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  • 09

    Aug

UNH

UnitedHealth

$255.43

5.11 (2.04%)

, THC

Tenet

$34.57

-0.37 (-1.06%)

18:09
07/18/18
07/18
18:09
07/18/18
18:09
Periodicals
UnitedHealth among suitors eyeing Tenet's Conifer unit, WSJ reports »

UnitedHealth (UNH) is…

UNH

UnitedHealth

$255.43

5.11 (2.04%)

THC

Tenet

$34.57

-0.37 (-1.06%)

03/08/13
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03/06/13
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03/06/13
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  • 07

    Aug

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