NEW YORK ( TheStreet) -- Shares of Children's Place Retail Stores (Nasdaq: PLCE) were gapping up Thursday morning with an open price 14.2% higher than Wednesday's closing price. The stock closed at $45 Wednesday and opened today's trading at $51.39. The average volume for Children's Place Retail Stores has been 635,300 shares per day over the past 30 days. Children's Place Retail Stores has a market cap of $1.2 billion and is part of the services sector and retail industry. Shares are down 5.9% year to date as of the close of trading on Wednesday. The Children's Place Retail Stores, Inc. operates as a children's specialty apparel retailer in North America. It provides apparel, accessories, and shoes for children from newborn to 10 years of age. The company has a P/E ratio of 15.1, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Children's Place Retail Stores as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Children's Place Retail Stores Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.