Buckingham Research reiterated their neutral rating on shares of Gap Inc. (NYSE:GPS) in a research report released on Monday. They currently have a $23.00 price objective on the apparel retailer’s stock.

Several other equities analysts also recently commented on GPS. Guggenheim reiterated a hold rating on shares of Gap in a research report on Saturday, July 9th. MKM Partners reiterated a hold rating and issued a $21.00 target price on shares of Gap in a research report on Saturday, July 9th. Wedbush reiterated a hold rating on shares of Gap in a research report on Saturday, July 9th. Jefferies Group reiterated a buy rating on shares of Gap in a research report on Saturday, July 9th. Finally, Royal Bank Of Canada reiterated a hold rating on shares of Gap in a research report on Saturday, July 9th. Six research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and five have given a buy rating to the stock. Gap currently has an average rating of Hold and a consensus price target of $25.17.

Analyst Recommendations for Gap (NYSE:GPS)

Shares of Gap (NYSE:GPS) traded up 0.53% during trading on Monday, hitting $26.56. The company had a trading volume of 1,315,682 shares. Gap has a 12-month low of $17.00 and a 12-month high of $30.49. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 14.96 and a beta of 1.28. The stock has a 50-day moving average of $23.86 and a 200 day moving average of $22.94.

Gap (NYSE:GPS) last posted its earnings results on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm 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%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. On average, analysts predict 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. Investors of record on Wednesday, October 5th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.92 annualized dividend and a yield of 3.48%. Gap’s dividend payout ratio is currently 51.98%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL raised its position 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 during the period. Cypress Capital Group raised its position 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 during the period. Charter Trust Co. raised its position 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 during the period. Advantus Capital Management Inc raised its position 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 during the period. Institutional investors own 57.42% of the company’s stock.

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.

5 Day Chart for NYSE:GPS

Receive News & Stock Ratings for Gap Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gap Inc. and related stocks with our FREE daily email newsletter.