Children's Place (NASDAQ:PLCE) Accelerating Expansion in 2011

With 85 new physical stores to open in 2011, and a growing and robust Internet business, The Children's Place (NASDAQ:PLCE) should enjoy accelerated growth in 2011.

Susquehanna maintained their "Neutral" rating on the retailer for now, while incrased their EPS estimate and price target.

Susquehanna noted, "Plans call for 85 store openings in 2011, with the majority to be located in value centers. E-commerce continues to experience strong growth, with revenues up 33% in 3Q10, and strength across all key metrics including traffic, transactions, ADS and AUR. A "Place Shops" section has been added to the upgraded web site, offering customers ease of shopability in a new gift, special occasion, sleepwear and uniform shops. The web site will begin shipping internationally in 4Q10."

EPS estimates for full year 2011 were raised to to $2.83 from $2.71 and to $3.10 from $2.98 for full year 2012.

They also had their price target raised on them from $41 to $47, although they've been trading above $51 a share recently.