Gap Inc. (GPS) PT Raised to $28.00 at FBR & Co
Gap Inc. (NYSE:GPS) had its target price hoisted by analysts at FBR & Co to $28.00 in a report issued on Friday. FBR & Co’s target price suggests a potential downside of 8.82% from the stock’s previous close.
Other analysts have also issued reports about the company. Jefferies Group set a $32.00 target price on Gap and gave the stock a “buy” rating in a research report on Saturday, October 8th. Mizuho lifted their target price on Gap from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup Inc. lowered Gap from a “neutral” rating to a “sell” rating in a research report on Friday. Wedbush lifted their target price on Gap from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Wolfe Research raised Gap from a “peer perform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Monday, July 25th. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and five have assigned a buy rating to the company’s stock. Gap presently has a consensus rating of “Hold” and an average target price of $24.86.
Shares of Gap (NYSE:GPS) opened at 30.71 on Friday. Gap has a 1-year low of $17.00 and a 1-year high of $30.74. The stock has a market capitalization of $12.24 billion, a P/E ratio of 17.30 and a beta of 1.06. The firm’s 50-day moving average price is $26.38 and its 200 day moving average price is $23.32.
Gap (NYSE:GPS) last released its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Gap had a return on equity of 33.26% and a net margin of 4.60%. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period last year, the company posted $0.63 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Analysts expect that Gap will post $2.02 EPS 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 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Friday, December 30th. Gap’s dividend payout ratio is currently 51.98%.
Several institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its position in Gap by 4.2% in the first quarter. Legal & General Group Plc now owns 1,119,779 shares of the apparel retailer’s stock valued at $32,922,000 after buying an additional 45,600 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Gap by 20.2% in the first quarter. Envestnet Asset Management Inc. now owns 42,361 shares of the apparel retailer’s stock valued at $1,245,000 after buying an additional 7,125 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Gap during the first quarter valued at approximately $308,000. Babson Capital Management LLC boosted its position in Gap by 200.8% in the first quarter. Babson Capital Management LLC now owns 75,195 shares of the apparel retailer’s stock valued at $2,211,000 after buying an additional 50,200 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Gap by 37.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,954 shares of the apparel retailer’s stock valued at $558,000 after buying an additional 5,166 shares in the last quarter. Institutional investors and hedge funds own 57.23% 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.
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