Instinet reaffirmed their neutral rating on shares of Gap, Inc. (The) (NYSE:GPS) in a report released on Sunday. The firm currently has a $25.00 target price on the apparel retailer’s stock.

Several other brokerages also recently issued reports on GPS. CIBC raised shares of Gap, Inc. (The) from a market perform rating to an outperform rating in a report on Monday, June 5th. Oppenheimer Holdings, Inc. set a $28.00 price target on shares of Gap, Inc. (The) and gave the company a buy rating in a report on Thursday. Zacks Investment Research downgraded shares of Gap, Inc. (The) from a buy rating to a hold rating in a report on Wednesday, August 16th. Wolfe Research reissued an outperform rating and set a $32.00 price target on shares of Gap, Inc. (The) in a report on Friday, April 28th. Finally, Vetr raised shares of Gap, Inc. (The) from a sell rating to a hold rating and set a $24.84 price target for the company in a report on Monday, May 15th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $25.63.

Shares of Gap, Inc. (NYSE:GPS) opened at 22.65 on Friday. Gap, Inc. has a 1-year low of $21.02 and a 1-year high of $30.74. The company’s 50-day moving average is $23.13 and its 200 day moving average is $23.68. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 10.79 and a beta of 0.87. Gap, Inc. (The) also was the recipient of some unusual options trading activity on Friday. Investors purchased 10,321 call options on the stock. This is an increase of 214% compared to the average daily volume of 3,282 call options.

Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the firm posted $0.60 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts expect that Gap, Inc. will post $2.00 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 43.81%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Gap, Inc. (The) by 2.8% in the second quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock valued at $522,127,000 after buying an additional 643,396 shares during the period. BlackRock Inc. boosted its position in Gap, Inc. (The) by 1.5% in the second quarter. BlackRock Inc. now owns 23,076,989 shares of the apparel retailer’s stock valued at $507,464,000 after buying an additional 338,876 shares during the period. American International Group Inc. boosted its position in Gap, Inc. (The) by 1.2% in the first quarter. American International Group Inc. now owns 16,667,815 shares of the apparel retailer’s stock valued at $404,861,000 after buying an additional 201,177 shares during the period. Bank of New York Mellon Corp boosted its position in Gap, Inc. (The) by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 9,680,123 shares of the apparel retailer’s stock valued at $212,867,000 after buying an additional 57,609 shares during the period. Finally, Franklin Resources Inc. boosted its position in Gap, Inc. (The) by 0.3% in the second quarter. Franklin Resources Inc. now owns 5,617,494 shares of the apparel retailer’s stock valued at $123,529,000 after buying an additional 15,504 shares during the period. Institutional investors own 57.30% of the company’s stock.

About Gap, Inc. (The)

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.

Analyst Recommendations for Gap, Inc. (The) (NYSE:GPS)

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