Gap Inc. (NYSE:GPS)‘s stock had its “underweight” rating reiterated by Morgan Stanley in a research note issued to investors on Tuesday.

Other analysts have also issued reports about the company. Oppenheimer Holdings Inc. reiterated a “” rating and set a $20.00 price objective on shares of Gap in a research note on Monday, August 22nd. Jefferies Group upped their target price on Gap to $36.00 in a research note on Friday, November 18th. Canaccord Genuity restated a “buy” rating on shares of Gap in a research note on Wednesday, August 17th. Vetr lowered Gap from a “strong-buy” rating to a “buy” rating and set a $27.03 target price on the stock. in a research note on Friday, August 12th. Finally, KeyCorp restated a “buy” rating and issued a $33.00 target price on shares of Gap in a research note on Tuesday, November 8th. Four equities 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 company’s stock. The company has a consensus rating of “Hold” and an average target price of $24.84.

Analyst Recommendations for Gap (NYSE:GPS)

Gap (NYSE:GPS) opened at 24.97 on Tuesday. The company has a 50 day moving average price of $26.90 and a 200-day moving average price of $23.63. Gap has a 1-year low of $17.00 and a 1-year high of $30.74. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 14.86 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 (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 had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts forecast that Gap will post $1.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th will be paid a $0.23 dividend. The ex-dividend date is Friday, December 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.68%. Gap’s dividend payout ratio (DPR) is currently 55.09%.

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

Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased 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 worth $1,245,000 after buying an additional 7,125 shares during the period. Ladenburg Thalmann Financial Services Inc. increased 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 worth $558,000 after buying an additional 5,166 shares during the period. First Republic Investment Management Inc. increased its position 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 worth $1,393,000 after buying an additional 13,077 shares during the period. Exxonmobil Investment Management Inc. TX increased its position 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 worth $1,246,000 after buying an additional 3,621 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position 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 worth $4,154,000 after buying an additional 2,841 shares during the period. Hedge funds and other institutional investors own 58.00% of the company’s stock.

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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