PLCE - Sector: Services ---Industry: Retail (Apparel)

[setravis]

Profile :

The Childrens Place Retail Stores, Inc.
915 Secaucus Road
Secaucus, NJ 07094
United States - Map
Phone: 201-558-2400
Fax: 201-227-0321
Web Site: http://www.childrensplace.com

DETAILS  
Index Membership: S&P 600 SmallCap
S&P 1500 Super Comp
Sector: Services
Industry: Apparel Stores
Full Time Employees: 5,000


BUSINESS SUMMARY  
The Children's Place Retail Stores, Inc., through its subsidiaries, operates as a specialty retailer of merchandise for children from newborn to ten years of age. It designs, contracts to manufacture, and sells apparel and accessories, and other children's-oriented merchandise under 'The Children's Place' and 'Disney Store' brand names. The company offers branded products, such as apparel, toys, plush, and souvenirs. As of April 1, 2006, the company owned and operated 805 The Children's Place stores and 316 Disney Stores in North America, as well as an online store, www.childrensplace.com. The Children's Place was founded in 1969 and is headquartered in Secaucus, New Jersey.

[setravis]

Symmetrical Triangle (continuation) Breakout !
Bullish Engulfing

Business Overview
BRIEF: For the twenty six weeks ended 29 July 2006, Children's Place Retail Stores, Inc.'s revenues increased 20% to $822.1M. Net income totaled $95K vs. a loss of $9.1M. Revenues reflect the income from Disney Stores and an increase in comparable store sales. Net income reflects higher gross margins and increased net interest income. The Children's Place Retail Stores, Inc. is a specialty retailer of apparel and accessories for children. http://www.childrensplace.com/

Support @ $61.55...60.09...59.51
Resistance @ $62.37...66.52

52wk Range: 34.72 - 67.70

Volume: 613,150
Avg Vol (3m): 560,542

Technicals
MACD is Bullish
Stochastic is Bullish
Last Price Quote is:
5.66%above 13-day EMA
8.07%above 50-day EMA
RS Rating: 57 

Fundamentals
Key Data:
Market Cap (M): $1,783.21 
P/E Ratio: 24.90 
PEG Ratio: 1.0297 
Next Earnings: 11/09/2006
Last Analyst Rating: Sector Perform

Symmetrical Triangle (Continuation) Pattern.........Breakout !

The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.

While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.

Edwards and Magee suggest that roughly 75% of symmetrical triangles are continuation patterns and the rest mark reversals. The reversal patterns can be especially difficult to analyze and often have false breakouts. Even so, we should not anticipate the direction of the breakout, but rather wait for it to happen. Further analysis should be applied to the breakout by looking for gaps, accelerated price movements, and volume for confirmation. Confirmation is especially important for upside breakouts.

Prices sometimes return to the breakout point of apex on a reaction move before resuming in the direction of the breakout. This return can offer a second chance to participate with a better reward to risk ratio. Potential reward price targets found by measurement and parallel trend line extension are only meant to act as rough guidelines. Technical analysis is dynamic and ongoing assessment is required.


Today's Candlestick Patterns:
White Candlestick
Bullish Engulfing

Today a White Candlestick was formed. This represents normal buying pressure.

The last two candlesticks formed a Bullish Engulfing Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

Definition:
Bullish Engulfing Pattern is a pattern characterized by a large white real body engulfing a preceding small black real body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. The Bullish Engulfing Pattern is an important bottom reversal signal.

Important Factors:
The relative size of the bodies in the first and second days is important. If the first day of the Bullish Engulfing Pattern is characterized by a very small real body (it may even be a doji or nearly a doji) but the second day is characterized by a very long real body, this strongly indicates that the bearish power is diminishing and the disparity of white versus black body is indicative of the emerging bull power.

There is higher probability of a bullish reversal if there is heavy volume on the second real body or if the second day of the Bullish Engulfing Pattern engulfs more than one real body (which essentially means we see two or more small black bodies preceding the long white body).

The reversal of downtrend needs further confirmation on the third day. This confirmation may be in the form of a white candlestick, a large gap up or a higher close on the third day.

[setravis]

The Children's Place Reports Third Quarter 2010 Financial Results
Management Updates Fiscal 2010 Earnings Guidance

Press Release Source: The Children's Place Retail Stores, Inc. On Thursday November 18, 2010, 7:00 am EST

SECAUCUS, N.J., Nov. 18, 2010 (GLOBE NEWSWIRE) -- The Children's Place Retail Stores, Inc. (Nasdaq:PLCE - News),the largest pure-play children's specialty apparel retailer in North America, today announced third quarter net sales of $453.4 million for the thirteen weeks ended October 30, 2010, a 2.1% decline compared to $463.2 million in the third quarter of fiscal 2009.



Comparable retail sales, which include online sales, declined 5.7% in the third quarter of fiscal 2010 compared to a decline of 1.6% the previous year. During the third quarter of fiscal 2010, comparable store sales declined 8.8% in the U.S. and 7.9% in Canada, while comparable online sales increased 33.0%.



Income from continuing operations after tax was $31.2 million, or $1.14 per diluted share, in the third quarter of fiscal 2010, including a $0.04 per share benefit resulting from the Company's repurchase of 1.7 million shares during the quarter. In the third quarter of fiscal 2009, income from continuing operations after tax was $38.2 million, or $1.38 per diluted share.



"As we announced mid-October, third quarter sales and profits for The Children's Place were impacted by poorly performing fashion in the back-to-school line as well as unseasonably warm temperatures," commented Jane Elfers, President and Chief Executive Officer of The Children's Place. "While short-term market conditions remain challenging for our business, we are making significant progress on our longer-term growth initiatives which we believe will lead to enhanced sales and profitability in 2011 and beyond."



During the third quarter of fiscal 2010, the Company opened 28 stores.



Fiscal Year-to-Date



Net sales from continuing operations were $1,220.8 million fiscal year-to-date 2010, a 3.4% increase compared to $1,180.8 million for the same period last year. Comparable retail sales declined 1.1% fiscal year-to-date 2010 compared to a 2.7% decline last year.



Income from continuing operations after tax was $50.9 million, or $1.83 per diluted share, fiscal year-to-date 2010, including a $0.02 per share benefit from the share repurchase program announced on August 19, 2010. This compares to income from continuing operations after tax of $54.7 million, or $1.88 per diluted share, fiscal year-to-date 2009, which included several transactions that affect comparability between the years. Excluding those items that affect comparability from fiscal year-to-date 2009, adjusted income from continuing operations after tax was $47.3 million, or $1.63 per share. Adjusted income from continuing operations is a non-GAAP measure which the Company is providing as a supplemental disclosure. A reconciliation of income from continuing operations as reported is included in Table 3 of this press release.



Fiscal year-to-date, the Company has opened 62 stores and closed four.



Share Repurchase Program



On August 19, 2010, the Company announced that the Board of Directors had authorized a share repurchase program in the amount of $100.0 million. Under the program, the Company may repurchase shares in the open market at current market prices at the time of purchase or in privately negotiated transactions. The timing and actual number of shares repurchased under the program depends on a variety of factors including price, corporate and regulatory requirements, and other market conditions, and the Company may suspend or discontinue the program at any time.



During the third quarter, the Company repurchased 1.7 million shares for approximately $80.0 million. Subsequent to the third quarter and through November 17, 2010, the Company repurchased an additional 0.2 million shares for approximately $8.5 million, which brought the year-to-date total under the share repurchase program to approximately $88.5 million.



Outlook



The Company updated its guidance for fiscal 2010 and now projects earnings per diluted share from continuing operations will be in the range of $2.78 to $2.83 for fiscal 2010, including a $0.07 per share benefit from the 1.9 million shares repurchased through November 17, 2010, down from its previous guidance of $3.08 to $3.18. The Company provided initial guidance for earnings per diluted share from continuing operations for the fourth quarter of 2010 to be in the range of $0.98 to $1.03, including a $0.07 per share benefit from the 1.9 million shares repurchased through November 17, 2010. The earnings guidance assumes negative low-single digit comparable retail sales during the fourth quarter and assumes that currency exchange rates will remain where they are today. This guidance does not include the impact of further potential share repurchases during the fourth quarter.



Conference Call Information



The Children's Place will host a conference call to discuss its third quarter 2010 results today at 8:00 a.m. Eastern Time. The call will be broadcast live at http://investor.childrensplace.com. An audio archive will be available approximately one hour after the conclusion of the call.



About The Children's Place Retail Stores, Inc.



The Children's Place is the largest pure-play children's specialty apparel retailer in North America. The Company designs, contracts to manufacture and sells fashionable, high-quality merchandise at value prices under the proprietary "The Children's Place" brand name. As of October 30, 2010, the Company owned and operated 1,005 stores and an online store at www.childrensplace.com.



Forward-Looking Statements



This press release (and above referenced call) may contain certain forward-looking statements regarding future circumstances, including statements relating to the Company's positioning, and forecasts regarding earnings per diluted share for the fourth quarter and fiscal 2010. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially. Some of these risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission, including in the "Risk Factors" section of its annual report on Form 10-K for the fiscal year ended January 30, 2010. Included among the risks and uncertainties that could cause actual results, events and performance to differ materially are the risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, and the risks resulting from the highly competitive nature of the Company's business and its dependence on consumer spending patterns, which may be affected by a downturn in the economy. Readers (or listeners on the call) are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

Contact:
The Children's Place Retail Stores, Inc.Susan Riley, EVP, Finance & Administration  (201) 558-2400Jane Singer, VP, Investor Relations  (201) 453-6955

[setravis]

Strong Sector...
Retail stocks are hot.
PLCE has been a laggard and now looks ready to catch up. 

Day's Range: 47.56 - 50.44
52wk Range: 26.65 - 57.63
Volume: 808,662
Avg Vol (3m): 827,782
Market Cap: 1.35B
P/E (ttm): 15.11
EPS (ttm): 3.29
Div & Yield: N/A (N/A)


Technicals
13-day MA Cross Above 50-day MA

Last Price Quote is:
4.44%above 13-day MA
4.83%above 50-day MA
RS Rating: 59 

Below the 1 year chart...