Amanda Manganiello and her mother, Ann Marie, look at T-shirts at The Children's Place store in White Plains, N.Y., in this 2006 file photo.

Children's specialty apparel retailer Children's Place Retail Stores, Inc. (PLCE: Quote) Thursday reported lower profit for the first quarter, as sales declined but topped estimates.

Children's Place Retail Stores,Inc. (PLCE: Quote) on Thursday reported first-quarter net income of $19.27 million or $0.83 per share, compared to $24.73 million or $1.00 per share in the year-ago quarter.

Shares of The Children's Place Retail Stores Inc. were up 7 percent in trading Thursday after the kids' clothing retailer reported first-quarter results that were better than expected and raised its outlook for the year.

Research analysts at Wedbush increased their target price on shares of Children's Place Retail Stores (NASDAQ: PLCE) from $44.00 to $57.00 in a report released on Friday, AnalystRatingsNetwork reports.

Two, a more diverse store base, with less reliance on the cold weather states during the first quarter. Due to our geographic diversity in outlets, we were able to perform better in the key volume short and swim categories.

Children's Place Retail Stores, Inc. (NASDAQ:PLCE) last session's volume of 1.41 million shares was higher than its average volume of 328,818 shares.

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, primarily under the proprietary "The ...

Children's Place Retail Stores Inc.'s (NASDAQ:PLCE) fiscal first-quarter earnings fell 22% on weaker same-store sales.

The Children's Place Retail Stores, Inc. operates as a specialty retailer of apparel and accessories for children. Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email ...