Analysts Set Gap Inc. (NYSE:GPS) Price Target at $25.13
Shares of Gap Inc. (NYSE:GPS) have been assigned an average rating of “Hold” from the thirty-nine brokerages that are currently covering the company. Seven investment analysts have rated the stock with a sell recommendation, twenty-four have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $25.13.
Several brokerages have recently issued reports on GPS. RBC Capital Markets set a $23.00 target price on shares of Gap and gave the stock a “hold” rating in a report on Tuesday, September 13th. Jefferies Group restated a “buy” rating on shares of Gap in a report on Monday, September 12th. Wedbush restated a “neutral” rating and issued a $25.00 target price on shares of Gap in a report on Sunday, September 4th. Cowen and Company restated a “market perform” rating and issued a $25.00 target price on shares of Gap in a report on Sunday, September 4th. Finally, Deutsche Bank AG restated a “sell” rating on shares of Gap in a report on Friday, September 2nd.
Gap (NYSE:GPS) opened at 22.29 on Friday. The firm’s 50-day moving average is $24.41 and its 200 day moving average is $23.37. The firm has a market cap of $8.88 billion, a P/E ratio of 12.56 and a beta of 1.17. Gap has a 12-month low of $17.00 and a 12-month high of $30.49.
Gap (NYSE:GPS) last issued its earnings results on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.79 billion. During the same quarter last year, the business earned $0.64 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. Equities analysts forecast that Gap will post ($0.01) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be issued a $0.23 dividend. The ex-dividend date is Monday, October 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 4.13%. Gap’s dividend payout ratio is presently 51.98%.
Several hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake 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 period. Advisory Services Network LLC boosted its stake 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 period. Americafirst Capital Management LLC purchased a new stake in shares of Gap during the second quarter valued at about $139,000. Sigma Planning Corp purchased a new stake in shares of Gap during the second quarter valued at about $216,000. Finally, Beddow Capital Management Inc. purchased a new stake in shares of Gap during the first quarter valued at about $226,000. 57.42% of the stock is currently owned by institutional investors and hedge funds.
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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