Gap Inc. (GPS) Receives “Neutral” Rating from MKM Partners
Gap Inc. (NYSE:GPS)‘s stock had its “neutral” rating reiterated by equities research analysts at MKM Partners in a research report issued to clients and investors on Wednesday. They presently have a $25.00 target price on the apparel retailer’s stock. MKM Partners’ price objective suggests a potential downside of 5.87% from the stock’s previous close.
Several other analysts also recently commented on the stock. Vetr raised shares of Gap from a “sell” rating to a “hold” rating and set a $25.80 target price for the company in a report on Tuesday. Buckingham Research reaffirmed a “neutral” rating and set a $23.00 target price on shares of Gap in a report on Monday. Jefferies Group set a $32.00 target price on shares of Gap and gave the stock a “buy” rating in a report on Saturday. FBR & Co reaffirmed a “hold” rating and set a $22.00 target price on shares of Gap in a report on Friday, October 7th. Finally, Bank of America Corp. set a $20.00 target price on shares of Gap and gave the stock a “sell” rating in a report on Thursday, October 6th. Six analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.29.
Gap (NYSE:GPS) traded up 0.960% on Wednesday, reaching $26.815. 2,738,994 shares of the company traded hands. Gap has a 52-week low of $17.00 and a 52-week high of $30.49. The firm has a market cap of $10.69 billion, a P/E ratio of 15.107 and a beta of 1.28. The stock has a 50-day moving average price of $23.86 and a 200-day moving average price of $22.97.
Gap (NYSE:GPS) last issued its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. Gap had a net margin of 4.60% and a return on equity of 33.26%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the previous year, the business earned $0.64 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Analysts anticipate that Gap will post ($0.01) earnings per share for the current fiscal year.
The firm 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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Monday, October 3rd. Gap’s dividend payout ratio (DPR) is 51.98%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its position 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 period. Advisory Services Network LLC increased its stake 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 in the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Gap during the second quarter valued at approximately $139,000. Sigma Planning Corp purchased a new stake in shares of Gap during the second quarter valued at approximately $216,000. Finally, Beddow Capital Management Inc. purchased a new stake in shares of Gap during the first quarter valued at approximately $226,000. 57.42% of the stock is currently owned by hedge funds and other 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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