GAP (NYSE:GAP) Upgraded at BMO Capital Markets

GAP (NYSE:GAP) was upgraded by equities research analysts at BMO Capital Markets to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other analysts also recently commented on GAP. Jefferies Financial Group downgraded shares of GAP from a “buy” rating to a “hold” rating and cut their price objective for the company from $29.00 to $23.00 in a report on Wednesday, August 12th. Morgan Stanley upped their price target on GAP from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. Bank of America increased their price target on GAP from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 28th. BTIG Research lifted their price objective on GAP from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Finally, Weiss Ratings lowered GAP from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.07.

GAP Price Performance

GAP stock opened at $20.93 on Tuesday. The company has a fifty day simple moving average of $20.47 and a 200-day simple moving average of $22.47. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 0.91 and a beta of 2.08. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.38. GAP has a 52-week low of $18.11 and a 52-week high of $29.36.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.69 billion. GAP had a net margin of 8.14% and a return on equity of 19.72%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. GAP has set its FY 2026 guidance at 2.350-2.450 EPS. On average, equities analysts anticipate that GAP will post 2.41 EPS for the current fiscal year.

Institutional Trading of GAP

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its position in shares of GAP by 26.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 172,326 shares of the company’s stock valued at $3,219,000 after buying an additional 35,747 shares during the period. Tidal Investments LLC lifted its holdings in GAP by 60.6% in the second quarter. Tidal Investments LLC now owns 64,329 shares of the company’s stock valued at $1,202,000 after acquiring an additional 24,265 shares during the last quarter. Engineers Gate Manager LP purchased a new position in GAP in the second quarter worth approximately $4,216,000. Empirical Finance LLC grew its position in GAP by 6.7% in the second quarter. Empirical Finance LLC now owns 44,937 shares of the company’s stock worth $839,000 after acquiring an additional 2,839 shares during the period. Finally, Nykredit A S acquired a new stake in GAP during the second quarter worth $129,000. Institutional investors and hedge funds own 58.81% of the company’s stock.

GAP Company Profile

Gap Inc is an American specialty apparel retailer founded in 1969 by Donald and Doris Fisher in San Francisco, California. The company operates a portfolio of consumer brands focused on clothing, accessories and personal-care products for women, men and children.

Its principal brands include Old Navy, Gap, Banana Republic and Athleta. Products are sold through company-operated stores, franchise locations and digital channels, with offerings spanning casual apparel, denim, activewear, accessories and lifestyle products.

Gap Inc serves customers in North America and selected international markets through its retail and e-commerce operations.