Gap Inc. (GPS) Receives “In-Line” Rating from Mizuho
Gap Inc. (NYSE:GPS)‘s stock had its “in-line” rating restated by research analysts at Mizuho in a research note issued on Friday.
Other equities research analysts have also recently issued research reports about the company. Oppenheimer Holdings Inc. restated a “” rating and set a $20.00 price objective on shares of Gap in a report on Monday, August 22nd. Vetr cut Gap from a “strong-buy” rating to a “buy” rating and set a $23.68 price objective on the stock. in a report on Thursday, June 30th. Jefferies Group restated a “buy” rating on shares of Gap in a report on Saturday, July 9th. Canaccord Genuity restated a “buy” rating on shares of Gap in a report on Wednesday, August 17th. Finally, MKM Partners reiterated a “hold” rating and issued a $21.00 target price on shares of Gap in a report on Saturday, July 9th. Seven investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.94.
Shares of Gap (NYSE:GPS) opened at 22.78 on Friday. The stock has a market cap of $9.08 billion, a P/E ratio of 12.83 and a beta of 1.28. Gap has a one year low of $17.00 and a one year high of $30.49. The firm’s 50-day moving average price is $23.87 and its 200 day moving average price is $23.07.
Gap (NYSE:GPS) last posted its quarterly earnings data 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 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 analysts’ expectations of $3.79 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. Equities research analysts expect that Gap will post ($0.01) EPS 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 issued a $0.23 dividend. The ex-dividend date is Monday, October 3rd. This represents a $0.92 annualized dividend and a dividend yield of 4.04%. Gap’s dividend payout ratio is currently 51.98%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Gap by 2.3% in the second quarter. Vanguard Group Inc. now owns 20,061,541 shares of the apparel retailer’s stock valued at $425,706,000 after buying an additional 444,555 shares in the last quarter. American International Group Inc. boosted its position in Gap by 3.5% in the second quarter. American International Group Inc. now owns 14,381,188 shares of the apparel retailer’s stock valued at $305,169,000 after buying an additional 483,879 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Gap by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 14,135,669 shares of the apparel retailer’s stock valued at $299,958,000 after buying an additional 251,964 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Gap by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 13,531,075 shares of the apparel retailer’s stock valued at $287,129,000 after buying an additional 936,648 shares in the last quarter. Finally, State Street Corp boosted its position in Gap by 1.3% in the first quarter. State Street Corp now owns 10,878,900 shares of the apparel retailer’s stock valued at $319,845,000 after buying an additional 140,396 shares in the last quarter. 57.42% of the stock is currently owned by institutional investors.
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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