Piper Jaffray Cos. upgraded shares of Gap Inc. (NYSE:GPS) from an underweight rating to a neutral rating in a report published on Monday. They currently have $23.00 target price on the apparel retailer’s stock. The analysts noted that the move was a valuation call.

A number of other brokerages also recently commented on GPS. Mizuho increased their price objective on Gap from $26.00 to $28.00 and gave the company a neutral rating in a research report on Friday, November 18th. Citigroup Inc. downgraded Gap from a neutral rating to a sell rating and cut their price objective for the company from $27.00 to $25.00 in a research report on Friday, November 18th. Wedbush increased their price objective on Gap from $25.00 to $26.00 and gave the company a neutral rating in a research report on Friday, November 18th. FBR & Co increased their price objective on Gap to $28.00 and gave the company a hold rating in a research report on Friday, November 18th. Finally, Jefferies Group increased their target price on Gap to $36.00 in a report on Friday, November 18th. Four research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $24.84.

Shares of Gap (NYSE:GPS) opened at 25.48 on Monday. The firm’s 50-day moving average price is $26.98 and its 200-day moving average price is $23.57. The stock has a market cap of $10.17 billion, a P/E ratio of 15.17 and a beta of 1.06. Gap has a 52-week low of $17.00 and a 52-week high of $30.74.

Gap (NYSE:GPS) last announced its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Gap had a return on equity of 32.19% and a net margin of 4.33%. The company earned $3.80 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Gap will post $1.94 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.61%. The ex-dividend date is Friday, December 30th. Gap’s payout ratio is 55.09%.

In other news, EVP Paul Joseph Chapman sold 6,764 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $24.99, for a total transaction of $169,032.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Jeff Kirwan sold 11,406 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $25.38, for a total transaction of $289,484.28. Following the transaction, the president now directly owns 19,094 shares of the company’s stock, valued at approximately $484,605.72. The disclosure for this sale can be found here. 30.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in GPS. Envestnet Asset Management Inc. boosted its stake 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 during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake 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 during the period. First Republic Investment Management Inc. boosted its stake in Gap by 38.1% in the first quarter. First Republic Investment Management Inc. now owns 47,404 shares of the apparel retailer’s stock valued at $1,393,000 after buying an additional 13,077 shares during the period. Exxonmobil Investment Management Inc. TX boosted its stake in Gap by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 58,717 shares of the apparel retailer’s stock valued at $1,246,000 after buying an additional 3,621 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Gap by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 195,763 shares of the apparel retailer’s stock valued at $4,154,000 after buying an additional 2,841 shares during the period. 58.00% of the stock is owned by hedge funds and other institutional investors.

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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