Shares of Gap Inc. (NYSE:GPS) have been given an average rating of “Hold” by the thirty-nine ratings firms that are currently covering the firm. Seven analysts have rated the stock with a sell recommendation, twenty-four have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $25.13.
A number of research firms have weighed in on GPS. Oppenheimer Holdings Inc. reaffirmed a “” rating and set a $20.00 price target on shares of Gap in a research report on Monday, August 22nd. Vetr downgraded Gap from a “buy” rating to a “hold” rating and set a $27.90 price target for the company. in a research report on Monday, August 22nd. Jefferies Group reaffirmed a “buy” rating on shares of Gap in a research report on Monday, August 29th. Citigroup Inc. increased their price objective on Gap from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 19th. Finally, JPMorgan Chase & Co. reissued a “sell” rating and issued a $22.00 price objective on shares of Gap in a report on Friday, August 19th.
Shares of Gap (NYSE:GPS) opened at 22.62 on Friday. The firm’s 50-day moving average is $24.60 and its 200-day moving average is $23.57. The firm has a market cap of $9.01 billion, a P/E ratio of 12.74 and a beta of 1.17. Gap has a 1-year low of $17.00 and a 1-year high of $31.21.
Gap (NYSE:GPS) last released its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Gap had a return on equity of 33.26% and a net margin of 4.60%. The firm earned $3.85 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, analysts anticipate that Gap will post ($0.01) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.92 annualized dividend and a dividend yield of 4.07%. Gap’s payout ratio is 51.98%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. boosted its position in shares of Gap by 1.3% in the first quarter. Stratos Wealth Partners LTD. now owns 13,757 shares of the apparel retailer’s stock valued at $404,000 after buying an additional 175 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of Gap by 9.8% in the first quarter. Teachers Advisors Inc. now owns 614,240 shares of the apparel retailer’s stock valued at $18,059,000 after buying an additional 54,941 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Gap by 10.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,184,150 shares of the apparel retailer’s stock valued at $34,814,000 after buying an additional 110,100 shares during the last quarter. Ngam Advisors L.P. boosted its position in shares of Gap by 74.6% in the first quarter. Ngam Advisors L.P. now owns 95,198 shares of the apparel retailer’s stock valued at $2,799,000 after buying an additional 40,684 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Gap during the first quarter valued at about $6,398,000. 57.42% of the stock is currently owned by institutional investors.
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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