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Shares of The Gap (NYSE:GPS) were the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 9,130,946 shares, a growth of 38.4% from the April 15th total of 6,596,773 shares, AR Network reports. Based on an average daily volume of 4,110,752 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.6% of the company’s shares are short sold.

In other The Gap news, major shareholder John Fisher sold 266,121 shares of The Gap stock on the open market in a transaction dated Friday, May 16th. The stock was sold at an average price of $41.41, for a total transaction of $11,020,070.61. Following the sale, the insider now directly owns 14,649,102 shares in the company, valued at approximately $606,619,314. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

GPS has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of The Gap from $45.00 to $47.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Gap in a research note on Friday, April 11th. They now have a $41.00 price target on the stock. Finally, analysts at Telsey Advisory Group cut their price target on shares of The Gap from $50.00 to $46.00 in a research note on Friday, April 11th. They now have a “not rated” rating on the stock. Seventeen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.17.

Shares of The Gap (NYSE:GPS) opened at 40.56 on Thursday. The Gap has a 52 week low of $36.13 and a 52 week high of $46.56. The stock has a 50-day moving average of $39.8 and a 200-day moving average of $40.12. The company has a market cap of $18.130 billion and a P/E ratio of 14.70.

The Gap (NYSE:GPS) last announced its earnings results on Thursday, February 27th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.02. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts expect that The Gap will post $2.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 30th. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Monday, July 7th.

The Gap, Inc (NYSE:GPS),is a global specialty apparel company.

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