Gap Inc. (NYSE:GPS)‘s stock had its “outperform” rating restated by research analysts at Wolfe Research in a research report issued to clients and investors on Tuesday. They presently have a $33.00 target price on the apparel retailer’s stock, up from their previous target price of $30.00. Wolfe Research’s price objective would indicate a potential upside of 20.39% from the stock’s previous close.

GPS has been the topic of several other reports. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $22.00 price objective on shares of Gap in a research report on Friday, August 19th. Vetr raised shares of Gap from a “buy” rating to a “strong-buy” rating and set a $27.90 target price on the stock in a research note on Wednesday, August 31st. RBC Capital Markets set a $23.00 target price on shares of Gap and gave the company a “hold” rating in a research note on Tuesday, September 13th. Nomura raised their target price on shares of Gap from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, August 19th. Finally, Oppenheimer Holdings Inc. reissued a “” rating and set a $20.00 target price on shares of Gap in a research note on Monday, August 22nd. 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. The company currently has an average rating of “Hold” and a consensus target price of $24.53.

Analyst Recommendations for Gap (NYSE:GPS)

Gap (NYSE:GPS) opened at 28.12 on Tuesday. The company’s 50 day moving average is $25.14 and its 200 day moving average is $23.05. Gap has a 52 week low of $17.00 and a 52 week high of $30.49. The stock has a market cap of $11.21 billion, a P/E ratio of 15.84 and a beta of 1.06.

Gap (NYSE:GPS) last issued its quarterly earnings data 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 firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.79 billion. Gap had a net margin of 4.60% and a return on equity of 33.26%. Gap’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS. Equities analysts predict that Gap will post $1.95 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Blair William & Co. IL increased 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 increased 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. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Gap by 0.9% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,783 shares of the apparel retailer’s stock valued at $417,000 after buying an additional 166 shares during the period. Charter Trust Co. increased 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. Finally, World Asset Management Inc increased its position in shares of Gap by 0.9% in the third quarter. World Asset Management Inc now owns 25,916 shares of the apparel retailer’s stock valued at $576,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 57.52% of the company’s stock.

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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