Gap Inc. (NYSE:GPS)‘s stock had its “buy” rating reaffirmed by investment analysts at KeyCorp in a report issued on Tuesday. They currently have a $33.00 price target on the apparel retailer’s stock. KeyCorp’s price objective would indicate a potential upside of 20.39% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Vetr upgraded Gap from a “hold” rating to a “buy” rating in a research note on Sunday. Jefferies Group reaffirmed a “buy” rating on shares of Gap in a research report on Monday, August 29th. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $26.00 target price (up from $21.00) on shares of Gap in a research report on Tuesday, July 26th. Credit Suisse Group AG reaffirmed an “underperform” rating and set a $22.00 target price (up from $21.00) on shares of Gap in a research report on Friday, August 19th. Finally, Wolfe Research raised Gap from a “peer perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Monday, July 25th. Four investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.53.

Analyst Recommendations for Gap (NYSE:GPS)

Gap (NYSE:GPS) traded up 3.28% on Tuesday, reaching $28.31. The company’s stock had a trading volume of 2,227,390 shares. Gap has a 52-week low of $17.00 and a 52-week high of $30.49. The firm’s 50-day moving average price is $25.14 and its 200-day moving average price is $23.05. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 15.95 and a beta of 1.06.

Gap (NYSE:GPS) last announced its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, beating the Zacks’ 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 company earned $3.85 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the company earned $0.64 EPS. Gap’s revenue was down 1.2% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of 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 during the period. American International Group Inc. increased its position in shares of Gap by 6.0% in the third quarter. American International Group Inc. now owns 15,249,281 shares of the apparel retailer’s stock valued at $339,144,000 after buying an additional 868,093 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 during the period. JPMorgan Chase & Co. increased its position in shares of 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 during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Gap by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,451,773 shares of the apparel retailer’s stock valued at $136,907,000 after buying an additional 73,041 shares during the period. 57.52% of the stock is owned by hedge funds and other institutional investors.

About Gap

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

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