Gap Inc. (GPS) Given “Hold” Rating at Stifel Nicolaus
Stifel Nicolaus restated their hold rating on shares of Gap Inc. (NYSE:GPS) in a research report sent to investors on Friday morning. The brokerage currently has a $25.00 target price on the apparel retailer’s stock.
A number of other research firms have also weighed in on GPS. Oppenheimer Holdings Inc. reiterated a rating and issued a $20.00 price target on shares of Gap in a research report on Monday, August 22nd. Vetr lowered Gap from a buy rating to a hold rating and set a $27.90 price target for the company. in a research report on Monday, August 22nd. Jefferies Group reiterated a buy rating on shares of Gap in a research report on Monday, August 29th. Citigroup Inc. raised their price objective on Gap from $24.00 to $27.00 and gave the stock a neutral rating in a research report on Friday, August 19th. Finally, JPMorgan Chase & Co. restated a sell rating and set a $22.00 price objective on shares of Gap in a research report on Friday, August 19th. Seven research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $25.15.
Gap (NYSE:GPS) traded up 0.61% during mid-day trading on Friday, reaching $26.41. 4,231,125 shares of the company were exchanged. The company has a market cap of $10.52 billion, a P/E ratio of 14.88 and a beta of 1.28. The stock’s 50-day moving average is $23.88 and its 200-day moving average is $23.05. Gap has a 12 month low of $17.00 and a 12 month high of $30.49.
Gap (NYSE:GPS) last released its earnings results on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.79 billion. Gap had a return on equity of 33.26% and a net margin of 4.60%. Gap’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. Equities analysts expect that Gap will post ($0.01) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.92 annualized dividend and a yield of 3.50%. Gap’s dividend payout ratio (DPR) is presently 51.98%.
A number of hedge funds and other institutional investors have recently modified their holdings of GPS. Pacer Advisors Inc. boosted its position 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 position 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 bought a new position in shares of Gap during the second quarter valued at approximately $139,000. Beddow Capital Management Inc. bought a new position in shares of Gap during the first quarter valued at approximately $226,000. Finally, Commonwealth Equity Services Inc bought a new position in shares of Gap during the first quarter valued at approximately $287,000. 57.42% of the stock is owned by hedge funds and other institutional investors.
Gap Company Profile
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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