PLCE - The Children's Place: Bull Case Looks Stronger After An Impressive Quarter
From a distance, The Children's Place (PLCE) perhaps doesn't look that compelling. PLCE trades at 16x earnings and about 9.5x EBITDA, based on FY18 (ending January 2019) guidance. Both multiples are toward the high end for retail at the moment, but PLCE has posted strong comp results and earnings growth of late, and seems to merit a modest premium toward the space and peer Carter's (CRI) (which trades at about 15x guidance).
But I still think PLCE is one of the best plays in retail - and significantly undervalued at current