Gap Stock Hits New 52-Week High (GPS)

NEW YORK ( TheStreet) -- Gap (NYSE: GPS) hit a new 52-week high Monday as it is currently trading at $42.51, above its previous 52-week high of $42.45 with 215,635 shares traded as of 9:41 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.

Gap has a market cap of $19.62 billion and is part of the services sector and retail industry. Shares are up 34.4% year to date as of the close of trading on Friday.

The Gap, Inc. operates as an apparel retail company. It offers apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, Athleta, and Intermix brands. The company operates through two segments, Stores and Direct. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Gap as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Gap Ratings Report.

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