Skip to content
Subscriber Only

Children’s Place Rises on Forecast Boost, Buyout Speculation

Updated on

The Children’s Place Inc. rose as much as 9.6 percent after the kids’ apparel retailer boosted its profit forecast and speculation that it’s exploring a sale increased.

Profit this year will be $3.30 to $3.45 a share, excluding some items, Secaucus, New Jersey-based Children’s Place said Wednesday in a statement. That’s up from a previous projection of as much as $3.30 and tops the $3.26 average of analysts’ estimates compiled by Bloomberg.