Shares of Gap Inc (NYSE:GPS) have been assigned a consensus rating of “Hold” from the twenty-seven ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $31.23.
Several analysts recently issued reports on the stock. Wedbush set a $25.00 price objective on shares of GAP and gave the company a “neutral” rating in a research note on Thursday, October 11th. MKM Partners dropped their price objective on shares of GAP to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, November 28th. Standpoint Research upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Friday, October 19th. ValuEngine lowered shares of GAP from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Goldman Sachs Group assumed coverage on shares of GAP in a report on Thursday, October 25th. They issued a “neutral” rating and a $28.00 target price on the stock.
Several hedge funds have recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in shares of GAP by 5.6% in the 2nd quarter. CIBC Asset Management Inc now owns 33,709 shares of the apparel retailer’s stock worth $1,092,000 after acquiring an additional 1,784 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of GAP by 8.1% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,499 shares of the apparel retailer’s stock worth $1,085,000 after acquiring an additional 2,512 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of GAP by 7.8% in the 2nd quarter. Captrust Financial Advisors now owns 40,918 shares of the apparel retailer’s stock worth $1,325,000 after acquiring an additional 2,965 shares during the last quarter. OLD National Bancorp IN lifted its holdings in shares of GAP by 5.7% in the 3rd quarter. OLD National Bancorp IN now owns 57,907 shares of the apparel retailer’s stock worth $1,670,000 after acquiring an additional 3,145 shares during the last quarter. Finally, Avestar Capital LLC lifted its holdings in shares of GAP by 72.0% in the 3rd quarter. Avestar Capital LLC now owns 7,776 shares of the apparel retailer’s stock worth $206,000 after acquiring an additional 3,255 shares during the last quarter. Hedge funds and other institutional investors own 56.63% of the company’s stock.
NYSE GPS traded up $0.14 during trading hours on Tuesday, hitting $25.76. 3,825,053 shares of the company’s stock traded hands, compared to its average volume of 5,384,580. GAP has a 52-week low of $24.25 and a 52-week high of $35.68. The stock has a market cap of $9.77 billion, a PE ratio of 12.09, a P/E/G ratio of 1.11 and a beta of 0.67. The company has a current ratio of 1.97, a quick ratio of 0.85 and a debt-to-equity ratio of 0.36.
GAP (NYSE:GPS) last announced its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. GAP had a net margin of 5.57% and a return on equity of 29.45%. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the company earned $0.58 EPS. GAP’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that GAP will post 2.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 30th. Shareholders of record on Wednesday, January 9th will be issued a $0.2425 dividend. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $0.97 annualized dividend and a yield of 3.77%. GAP’s payout ratio is 45.54%.
GAP Company Profile
The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.
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