Gap Inc. (GPS) Downgraded by Vetr Inc. to Sell
Gap Inc. (NYSE:GPS) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued on Monday. They presently have a $27.64 price target on the apparel retailer’s stock. Vetr‘s target price indicates a potential downside of 4.92% from the stock’s current price.
Several other analysts have also issued reports on GPS. Jefferies Group set a $32.00 price target on shares of Gap and gave the company a “buy” rating in a research report on Saturday, October 8th. Wolfe Research reaffirmed an “outperform” rating and set a $33.00 target price (up previously from $30.00) on shares of Gap in a report on Tuesday, November 8th. RBC Capital Markets reaffirmed a “hold” rating and set a $23.00 target price (up previously from $20.00) on shares of Gap in a report on Tuesday, August 9th. Mizuho upped their target price on shares of Gap from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, November 8th. Finally, Deutsche Bank AG reaffirmed a “sell” rating on shares of Gap in a report on Friday, September 2nd. Five analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.58.
Shares of Gap (NYSE:GPS) opened at 29.07 on Monday. The company has a market capitalization of $11.58 billion, a PE ratio of 16.38 and a beta of 1.06. The stock has a 50 day moving average of $25.49 and a 200-day moving average of $23.13. Gap has a one year low of $17.00 and a one year high of $30.49.
Gap (NYSE:GPS) last posted 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 company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts forecast that Gap will post $2.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, December 30th. Gap’s payout ratio is presently 51.98%.
Several hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its stake in shares of 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 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 worth $125,000 after buying an additional 1,062 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Gap during the second quarter worth about $139,000. Toronto Dominion Bank increased its stake in shares of Gap by 362.7% in the third quarter. Toronto Dominion Bank now owns 6,691 shares of the apparel retailer’s stock worth $149,000 after buying an additional 5,245 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Gap during the third quarter worth about $161,000. 57.52% 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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