The Gap Stock Rating Reaffirmed by Janney Montgomery Scott (GPS)
The Gap (NYSE: GPS)‘s stock had its “buy” rating reaffirmed by Janney Montgomery Scott in a research note issued on Monday.
A number of other firms have also recently commented on GPS. Analysts at Canaccord Genuity raised their price target on shares of The Gap from $36.00 to $39.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of The Gap from $33.00 to $36.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of The Gap in a research note to investors on Monday. They now have a $37.00 price target on the stock.
Ten investment analysts have rated the stock with a buy rating, seventeen have given a hold rating, one has issued an underweight rating, and two have given a sell rating to the company. The stock has a consensus rating of “hold” and a consensus price target of $38.52.
Shares of The Gap traded up 0.41% during mid-day trading on Monday, hitting $36.38. The Gap has a 52 week low of $24.82 and a 52 week high of $37.85. The stock’s 50-day moving average is currently $32.. The company has a market cap of $17.171 billion and a P/E ratio of 15.55.
The Gap last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.02. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter last year, the company posted $0.44 earnings per share. The Gap’s revenue was up 10.3% compared to the same quarter last year. The Gap has set its FY14 guidance at $2.52-2.60 EPS. On average, analysts predict that The Gap will post $2.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Monday, April 8th. This is a positive change from The Gap’s previous quarterly dividend of $0.13.
The Gap, Inc. (Gap Inc.) is a global specialty apparel company. Gap Inc. offers apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands.
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