Shares of Gap Inc (NYSE:GPS) have received an average recommendation of “Hold” from the nineteen analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $24.17.

Several research firms recently commented on GPS. B. Riley reduced their target price on GAP from $30.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Zacks Investment Research upgraded GAP from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. ValuEngine cut GAP from a “sell” rating to a “strong sell” rating in a research report on Monday, May 13th. MKM Partners reduced their target price on GAP from $33.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. reduced their target price on GAP from $24.00 to $17.00 and set an “underweight” rating for the company in a research report on Friday, May 31st.

In other GAP news, CEO Mcneil S. Fiske, Jr. sold 16,183 shares of GAP stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $18.00, for a total transaction of $291,294.00. Following the completion of the sale, the chief executive officer now owns 32,500 shares of the company’s stock, valued at $585,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 37.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of GPS. BlackRock Inc. lifted its stake in GAP by 28.2% during the first quarter. BlackRock Inc. now owns 20,412,955 shares of the apparel retailer’s stock worth $534,413,000 after purchasing an additional 4,491,047 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of GAP by 31.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,975,433 shares of the apparel retailer’s stock valued at $102,406,000 after acquiring an additional 960,583 shares during the last quarter. Invesco Ltd. lifted its stake in shares of GAP by 14.0% in the 2nd quarter. Invesco Ltd. now owns 7,517,993 shares of the apparel retailer’s stock valued at $135,098,000 after acquiring an additional 922,167 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of GAP by 82.5% in the 1st quarter. California Public Employees Retirement System now owns 1,623,668 shares of the apparel retailer’s stock valued at $42,508,000 after acquiring an additional 734,097 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of GAP by 121.1% in the 1st quarter. SG Americas Securities LLC now owns 105,865 shares of the apparel retailer’s stock valued at $2,772,000 after acquiring an additional 607,780 shares during the last quarter. 57.67% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE GPS traded down $1.38 during mid-day trading on Wednesday, hitting $16.57. The company had a trading volume of 7,541,751 shares, compared to its average volume of 5,769,040. The firm has a market capitalization of $6.73 billion, a P/E ratio of 6.40, a price-to-earnings-growth ratio of 0.97 and a beta of 0.71. GAP has a 1 year low of $16.52 and a 1 year high of $32.98. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.49 and a quick ratio of 0.70. The business’s 50-day simple moving average is $18.34.

GAP (NYSE:GPS) last announced its quarterly earnings results on Thursday, May 30th. The apparel retailer reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.78 billion. GAP had a net margin of 6.46% and a return on equity of 26.73%. GAP’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share. As a group, research analysts forecast that GAP will post 2.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 5.86%. The ex-dividend date was Tuesday, July 9th. GAP’s dividend payout ratio (DPR) is currently 37.45%.

About GAP

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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Analyst Recommendations for GAP (NYSE:GPS)

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