Gap Inc (NYSE:GPS) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.31 and last traded at $33.96, with a volume of 4495300 shares. The stock had previously closed at $33.60.

A number of research firms have weighed in on GPS. Jefferies Group set a $35.00 price objective on shares of GAP and gave the company a “buy” rating in a research note on Wednesday, August 16th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $26.00 price objective on shares of GAP in a research note on Monday, September 18th. Telsey Advisory Group raised their price objective on shares of GAP from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Tuesday, September 19th. KeyCorp reaffirmed an “overweight” rating on shares of GAP in a research note on Friday, November 17th. Finally, Deutsche Bank raised their price objective on shares of GAP from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.94.

The firm has a market cap of $13,065.60, a P/E ratio of 16.55, a P/E/G ratio of 2.00 and a beta of 0.95. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41.

GAP (NYSE:GPS) last issued its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. GAP had a net margin of 5.57% and a return on equity of 27.47%. GAP’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. sell-side analysts anticipate that Gap Inc will post 2.1 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 2.69%. GAP’s payout ratio is presently 42.40%.

In related news, major shareholder John J. Fisher sold 850,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $32.32, for a total transaction of $27,472,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeff Kirwan sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $29.38, for a total transaction of $29,380.00. Following the sale, the chief executive officer now owns 25,268 shares of the company’s stock, valued at $742,373.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,212,077 shares of company stock valued at $67,302,126. Company insiders own 27.30% of the company’s stock.

A number of large investors have recently bought and sold shares of GPS. Ffcm LLC increased its position in GAP by 198.0% during the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after purchasing an additional 3,519 shares during the period. Howe & Rusling Inc. purchased a new position in GAP during the 3rd quarter valued at $190,000. AE Wealth Management LLC purchased a new position in GAP during the 3rd quarter valued at $223,000. Campbell & CO Investment Adviser LLC purchased a new position in GAP during the 3rd quarter valued at $229,000. Finally, LMR Partners LLP purchased a new position in GAP during the 3rd quarter valued at $231,000. Institutional investors own 54.78% of the company’s stock.

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GAP Company Profile

The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

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