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NEW YORK ( TheStreet) -- Children's Place Retail Stores (Nasdaq: PLCE) hit a new 52-week high Friday as it is currently trading at $55.99, above its previous 52-week high of $55.96 with 211,770 shares traded as of 2:20 p.m. ET. Average volume has been 671,000 shares over the past 30 days. Children's Place Retail Stores has a market cap of $1.38 billion and is part of the services sector and retail industry. Shares are up 10.9% year to date as of the close of trading on Thursday. 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 17, below the average retail industry P/E ratio of 17.1 and below the S&P 500 P/E ratio of 17.7.