Gap Inc. (GPS) PT Raised to $36.00
Gap Inc. (NYSE:GPS) had its price target upped by analysts at Jefferies Group to $36.00 in a report issued on Friday. Jefferies Group’s price target would indicate a potential upside of 44.06% from the company’s current price.
Several other analysts have also commented on GPS. Wolfe Research reaffirmed an “outperform” rating and issued a $33.00 price target (up previously from $30.00) on shares of Gap in a research note on Tuesday, November 8th. RBC Capital Markets reaffirmed a “hold” rating and issued a $23.00 price target (up previously from $20.00) on shares of Gap in a research note on Tuesday, August 9th. Mizuho boosted their price objective on Gap from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 8th. Deutsche Bank AG reissued a “sell” rating on shares of Gap in a research note on Friday, September 2nd. Finally, FBR & Co reissued a “market perform” rating and issued a $22.00 price objective on shares of Gap in a research note on Friday, August 19th. Five investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.87.
Gap (NYSE:GPS) opened at 24.99 on Friday. The company’s 50-day moving average price is $26.56 and its 200-day moving average price is $23.37. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 14.88 and a beta of 1.06. Gap has a 12-month low of $17.00 and a 12-month high of $30.74.
Gap (NYSE:GPS) last announced its quarterly earnings results on Thursday, November 17th. The apparel retailer reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.74 billion. Gap had a return on equity of 32.19% and a net margin of 4.33%. Gap’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 EPS. Equities analysts expect that Gap will post $2.02 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Wednesday, January 4th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, December 30th. This represents a $0.92 dividend on an annualized basis and a yield of 3.68%. Gap’s dividend payout ratio (DPR) is presently 55.09%.
Several large investors have recently modified their holdings of 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 in 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 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 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 in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Gap during the third quarter worth $161,000. 58.77% 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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