Gap Inc. (NYSE:GPS) rose 3.2% during mid-day trading on Monday . The company traded as high as $25.30 and last traded at $25.11, with a volume of 6,242,476 shares. The stock had previously closed at $24.34.

GPS has been the topic of a number of analyst reports. Royal Bank Of Canada reduced their price objective on shares of Gap from $26.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 10th. Credit Suisse Group AG reiterated a “sell” rating and set a $21.00 price objective on shares of Gap in a research note on Sunday, June 5th. FBR & Co reiterated a “market perform” rating and set a $22.00 price objective on shares of Gap in a research note on Wednesday, July 6th. Wolfe Research upgraded shares of Gap from a “market perform” rating to an “outperform” rating in a research note on Friday, June 17th. Finally, Vetr downgraded shares of Gap from a “hold” rating to a “sell” rating and set a $23.22 price objective on the stock. in a research note on Thursday. Nine investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have issued a buy rating to the company’s stock. Gap presently has an average rating of “Hold” and a consensus target price of $23.86.

The company has a market capitalization of $10.00 billion and a price-to-earnings ratio of 12.60. The firm’s 50-day moving average price is $21.25 and its 200-day moving average price is $23.63.

Gap (NYSE:GPS) last announced its earnings results on Thursday, May 19th. The apparel retailer reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. During the same period in the previous year, the company earned $0.56 EPS. The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.51 billion. Gap’s revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts expect that Gap Inc. will post $1.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, July 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.66%.

Several institutional investors have recently made changes to their positions in GPS. I.G. Investment Management LTD. boosted its position in shares of Gap by 222.7% in the fourth quarter. I.G. Investment Management LTD. now owns 40,821 shares of the apparel retailer’s stock worth $1,008,000 after buying an additional 28,173 shares during the last quarter. Norinchukin Bank The raised its stake in Gap by 18.1% in the fourth quarter. Norinchukin Bank The now owns 63,714 shares of the apparel retailer’s stock worth $1,574,000 after buying an additional 9,765 shares during the period. TrimTabs Asset Management LLC raised its stake in Gap by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 63,935 shares of the apparel retailer’s stock worth $1,579,000 after buying an additional 1,191 shares during the period. ProShare Advisors LLC raised its stake in Gap by 64.5% in the fourth quarter. ProShare Advisors LLC now owns 68,804 shares of the apparel retailer’s stock worth $1,699,000 after buying an additional 26,985 shares during the period. Finally, Gulf International Bank UK Ltd raised its stake in Gap by 6.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 74,363 shares of the apparel retailer’s stock worth $1,837,000 after buying an additional 4,180 shares during the period.

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.

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