Gap Inc. (NYSE:GPS)‘s stock had its “in-line” rating reiterated by equities research analysts at Mizuho in a research report issued on Friday.
Other analysts have also recently issued reports about the stock. Guggenheim reissued a “hold” rating on shares of Gap in a research note on Saturday, July 9th. MKM Partners reissued a “hold” rating and set a $21.00 price target on shares of Gap in a research note on Saturday, July 9th. Wedbush reissued a “hold” rating on shares of Gap in a research note on Saturday, July 9th. Jefferies Group reissued a “buy” rating on shares of Gap in a research note on Saturday, July 9th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Gap in a research note on Saturday, July 9th. Seven investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.94.
Shares of Gap (NYSE:GPS) opened at 22.78 on Friday. The firm’s 50-day moving average is $23.87 and its 200 day moving average is $23.07. The firm has a market capitalization of $9.08 billion, a P/E ratio of 12.83 and a beta of 1.28. Gap has a 52 week low of $17.00 and a 52 week high of $30.49.
Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Gap had a net margin of 4.60% and a return on equity of 33.26%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. Equities research analysts forecast that Gap will post ($0.01) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Monday, October 3rd. Gap’s dividend payout ratio (DPR) is 51.98%.
A number of hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in shares of Gap by 11.7% in the second quarter. Pacer Advisors Inc. now owns 5,777 shares of the apparel retailer’s stock valued at $123,000 after buying an additional 606 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Gap by 22.1% in the second quarter. Advisory Services Network LLC now owns 5,869 shares of the apparel retailer’s stock valued at $125,000 after buying an additional 1,062 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in shares of Gap during the second quarter valued at approximately $139,000. Sigma Planning Corp purchased a new position in shares of Gap during the second quarter valued at approximately $216,000. Finally, Beddow Capital Management Inc. purchased a new position in shares of Gap during the first quarter valued at approximately $226,000. Institutional investors and hedge funds own 57.42% of the company’s stock.
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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