Gap Inc (NYSE:GPS) has been assigned a consensus recommendation of “Hold” from the twenty-seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $30.88.
A number of analysts have weighed in on the company. Barclays reiterated a “buy” rating and issued a $33.00 target price on shares of GAP in a research note on Thursday, November 22nd. Standpoint Research upgraded GAP from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Friday, October 19th. Goldman Sachs Group assumed coverage on GAP in a research note on Thursday, October 25th. They issued a “neutral” rating and a $28.00 target price on the stock. Wedbush set a $25.00 target price on GAP and gave the stock a “neutral” rating in a research note on Thursday, October 11th. Finally, Credit Suisse Group reduced their target price on GAP from $33.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 21st.
In other news, EVP Julie Gruber sold 7,500 shares of the firm’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $24.73, for a total transaction of $185,475.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 30.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in GPS. Polaris Greystone Financial Group LLC boosted its position in GAP by 188.6% during the fourth quarter. Polaris Greystone Financial Group LLC now owns 24,993 shares of the apparel retailer’s stock valued at $644,000 after purchasing an additional 16,334 shares in the last quarter. Alpha Windward LLC boosted its position in GAP by 4.3% during the fourth quarter. Alpha Windward LLC now owns 19,551 shares of the apparel retailer’s stock valued at $504,000 after purchasing an additional 813 shares in the last quarter. Fruth Investment Management boosted its position in GAP by 1.8% during the fourth quarter. Fruth Investment Management now owns 44,750 shares of the apparel retailer’s stock valued at $1,152,000 after purchasing an additional 800 shares in the last quarter. Virtu Financial LLC bought a new stake in GAP during the fourth quarter valued at about $671,000. Finally, DNB Asset Management AS boosted its position in GAP by 54.2% during the fourth quarter. DNB Asset Management AS now owns 35,267 shares of the apparel retailer’s stock valued at $908,000 after purchasing an additional 12,400 shares in the last quarter. Hedge funds and other institutional investors own 56.50% of the company’s stock.
NYSE:GPS opened at $26.01 on Friday. GAP has a fifty-two week low of $24.25 and a fifty-two week high of $35.68. The firm has a market cap of $9.50 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.08 and a beta of 0.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.85 and a current ratio of 1.97.
GAP (NYSE:GPS) last released its quarterly earnings results on Tuesday, November 20th. The apparel retailer reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. GAP had a return on equity of 29.45% and a net margin of 5.57%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the firm posted $0.58 EPS. GAP’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that GAP will post 2.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 30th. Stockholders of record on Wednesday, January 9th will be paid a dividend of $0.2425 per share. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $0.97 annualized dividend and a dividend yield of 3.73%. GAP’s dividend payout ratio is currently 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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