Gap Inc. (GPS) Stock Rating Reaffirmed by Jefferies Group
Gap Inc. (NYSE:GPS)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research note issued on Wednesday.
A number of other research analysts have also recently weighed in on GPS. Vetr cut shares of Gap from a “hold” rating to a “sell” rating and set a $23.22 price objective for the company. in a report on Thursday, July 21st. Wolfe Research raised shares of Gap from a “peer perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Monday, July 25th. Standpoint Research cut shares of Gap from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Wells Fargo & Co. reissued a “market perform” rating and set a $26.00 target price (up previously from $21.00) on shares of Gap in a research note on Tuesday, July 26th. Finally, FBR & Co set a $22.00 target price on shares of Gap and gave the stock a “hold” rating in a research note on Friday, August 5th. Five investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.58.
Shares of Gap (NYSE:GPS) opened at 30.71 on Wednesday. The company has a 50-day moving average of $26.14 and a 200-day moving average of $23.27. Gap has a 52-week low of $17.00 and a 52-week high of $30.74. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 17.30 and a beta of 1.06.
Gap (NYSE:GPS) last released its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Gap had a net margin of 4.60% and a return on equity of 33.26%. The company earned $3.80 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts anticipate that Gap will post $2.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Friday, December 30th. Gap’s dividend payout ratio is currently 51.98%.
A number of hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. boosted 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 in the last quarter. Advisory Services Network LLC boosted 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 in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Gap during the second quarter worth $139,000. Toronto Dominion Bank boosted 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 in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Gap during the third quarter worth $161,000. Hedge funds and other institutional investors 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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