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.

TheStreet Ratings rates Children's Place Retail Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Children's Place Retail Stores Ratings Report.

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