Gap Inc. (NYSE:GPS) had its price target increased by Jefferies Group to $22.78 in a research note issued on Friday. The brokerage currently has a “hold” rating on the apparel retailer’s stock.

A number of other research analysts have also recently commented on GPS. Wedbush reaffirmed a “neutral” rating and set a $20.00 target price on shares of Gap in a research note on Wednesday, June 15th. Wolfe Research raised Gap from a “market perform” rating to an “outperform” rating in a research note on Friday, June 17th. Vetr cut Gap from a “strong-buy” rating to a “buy” rating and set a $23.14 target price on the stock. in a research note on Thursday, June 23rd. FBR & Co reaffirmed a “market perform” rating and set a $22.00 target price on shares of Gap in a research note on Wednesday, July 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $20.00 target price on shares of Gap in a research note on Thursday, July 7th. Six analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.73.

Analyst Recommendations for Gap (NYSE:GPS)

Gap (NYSE:GPS) opened at 22.78 on Friday. The firm’s 50-day moving average price is $23.87 and its 200-day moving average price is $23.07. Gap has a 52 week low of $17.00 and a 52 week high of $30.49. The stock has a market cap of $9.08 billion, a PE ratio of 12.83 and a beta of 1.28.

Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Gap had a return on equity of 33.26% and a net margin of 4.60%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts predict that Gap will post ($0.01) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.23 per share. 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 is currently 51.98%.

A number of large investors have recently made changes to their positions in the company. Blair William & Co. IL increased its stake in shares of Gap by 0.5% in the second quarter. Blair William & Co. IL now owns 18,164 shares of the apparel retailer’s stock valued at $385,000 after buying an additional 84 shares in the last quarter. Cypress Capital Group increased its stake in shares of Gap by 0.9% in the first quarter. Cypress Capital Group now owns 16,426 shares of the apparel retailer’s stock valued at $482,000 after buying an additional 148 shares in the last quarter. Charter Trust Co. increased its stake in shares of Gap by 1.6% in the second quarter. Charter Trust Co. now owns 11,374 shares of the apparel retailer’s stock valued at $241,000 after buying an additional 175 shares in the last quarter. Advantus Capital Management Inc increased its stake in shares of Gap by 1.4% in the second quarter. Advantus Capital Management Inc now owns 21,945 shares of the apparel retailer’s stock valued at $466,000 after buying an additional 305 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Gap by 1.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,365 shares of the apparel retailer’s stock valued at $432,000 after buying an additional 320 shares in the last quarter. 57.42% of the stock is currently owned by institutional investors.

About Gap

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.

5 Day Chart for NYSE:GPS

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