Gap’s (GPS) Hold Rating Reaffirmed at FBR & Co
Several other research analysts also recently weighed in on GPS. Wedbush reiterated a neutral rating and issued a $20.00 price target on shares of Gap in a report on Wednesday, June 15th. Wolfe Research upgraded Gap from a market perform rating to an outperform rating in a report on Friday, June 17th. Vetr downgraded Gap from a strong-buy rating to a buy rating and set a $23.14 price target for the company. in a report on Thursday, June 23rd. BMO Capital Markets reiterated a market perform rating and issued a $20.00 price target on shares of Gap in a report on Thursday, July 7th. Finally, Stifel Nicolaus reiterated a positive rating on shares of Gap in a report on Friday, July 8th. Seven research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $25.15.
Gap (NYSE:GPS) traded up 0.34% on Friday, reaching $26.34. The company had a trading volume of 4,066,416 shares. The stock’s 50-day moving average price is $23.88 and its 200 day moving average price is $23.05. Gap has a 52-week low of $17.00 and a 52-week high of $30.49. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 14.84 and a beta of 1.28.
Gap (NYSE:GPS) last issued its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The company earned $3.85 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. On average, equities analysts anticipate that Gap will post ($0.01) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.50%. Gap’s payout ratio is 51.98%.
Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Gap by 11.7% in the second quarter. Pacer Advisors Inc. now owns 5,777 shares of the apparel retailer’s stock worth $123,000 after buying an additional 606 shares during the last quarter. Advisory Services Network LLC increased its stake in Gap by 22.1% in the second quarter. Advisory Services Network LLC now owns 5,869 shares of the apparel retailer’s stock worth $125,000 after buying an additional 1,062 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in Gap during the second quarter worth $139,000. Sigma Planning Corp bought a new stake in Gap during the second quarter worth $216,000. Finally, Beddow Capital Management Inc. bought a new stake in Gap during the first quarter worth $226,000. Hedge funds and other institutional investors own 57.42% of the company’s stock.
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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