GPS has been the topic of a number of other research reports. JPMorgan Chase & Co. restated a sell rating and issued a $22.00 target price on shares of Gap in a research note on Friday, August 19th. Vetr upgraded shares of Gap from a buy rating to a strong-buy rating and set a $27.90 target price on the stock in a research note on Wednesday, August 31st. RBC Capital Markets set a $23.00 target price on shares of Gap and gave the company a hold rating in a research note on Tuesday, September 13th. Nomura upped their target price on shares of Gap from $22.00 to $24.00 and gave the company a neutral rating in a research note on Friday, August 19th. Finally, Oppenheimer Holdings Inc. restated a rating and issued a $20.00 target price on shares of Gap in a research note on Monday, August 22nd. Six equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and five have given a buy rating to the stock. Gap has an average rating of Hold and a consensus price target of $25.17.
Shares of Gap (NYSE:GPS) opened at 26.42 on Thursday. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 14.88 and a beta of 1.28. The firm has a 50-day moving average price of $23.86 and a 200-day moving average price of $22.94. Gap has a one year low of $17.00 and a one year high of $30.49.
Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Gap had a net margin of 4.60% and a return on equity of 33.26%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the business posted $0.64 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. Analysts anticipate that Gap will post ($0.01) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Monday, October 3rd. Gap’s payout ratio is 51.98%.
Several institutional investors have recently added to or reduced their stakes in GPS. Levin Capital Strategies L.P. acquired a new position in Gap during the second quarter worth approximately $53,595,000. Lazard Asset Management LLC increased its position in Gap by 25,265.6% in the first quarter. Lazard Asset Management LLC now owns 2,020,625 shares of the apparel retailer’s stock worth $59,406,000 after buying an additional 2,012,659 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Gap during the second quarter worth approximately $36,750,000. Bank of Montreal Can acquired a new position in Gap during the second quarter worth approximately $29,343,000. Finally, Prudential Financial Inc. increased its position in Gap by 99.4% in the second quarter. Prudential Financial Inc. now owns 2,432,145 shares of the apparel retailer’s stock worth $51,610,000 after buying an additional 1,212,479 shares during the last quarter. 57.42% of the stock is owned by institutional investors.
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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