Gap Inc. (NYSE:GPS)’s share price was down 4.7% on Tuesday . The stock traded as low as $24.18 and last traded at $24.37, with a volume of 5,474,959 shares. The stock had previously closed at $25.56.

Several equities analysts have weighed in on GPS shares. Royal Bank Of Canada lowered 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 report on Tuesday, May 10th. Credit Suisse Group AG reissued a “sell” rating and set a $21.00 target price on shares of Gap in a research note on Sunday, June 5th. FBR & Co reissued a “market perform” rating and set a $22.00 target price on shares of Gap in a research note on Wednesday, July 6th. Vetr lowered shares of Gap from a “hold” rating to a “sell” rating and set a $23.22 target price for the company. in a research note on Thursday, July 21st. Finally, Wolfe Research raised shares of Gap from a “market perform” rating to an “outperform” rating in a research note on Friday, June 17th. Eight 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. The stock currently has an average rating of “Hold” and an average target price of $24.52.

The stock has a 50 day moving average of $22.33 and a 200 day moving average of $23.69. The company has a market capitalization of $9.63 billion and a P/E ratio of 12.14.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Wednesday, July 6th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, July 1st. This represents a $0.92 annualized dividend and a yield of 3.80%.

A number of large investors have bought and sold shares of GPS. TrimTabs Asset Management LLC increased 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 valued at $1,579,000 after buying an additional 1,191 shares in the last quarter. Catalyst Capital Advisors LLC increased its stake in Gap by 1.3% in the fourth quarter. Catalyst Capital Advisors LLC now owns 158,110 shares of the apparel retailer’s stock valued at $3,905,000 after buying an additional 1,978 shares in the last quarter. Gulf International Bank UK Ltd increased 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 valued at $1,837,000 after buying an additional 4,180 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. increased its stake in Gap by 1.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 386,802 shares of the apparel retailer’s stock valued at $9,763,000 after buying an additional 5,207 shares in the last quarter. Finally, Eaton Vance Management increased its stake in Gap by 4.8% in the fourth quarter. Eaton Vance Management now owns 185,378 shares of the apparel retailer’s stock valued at $4,579,000 after buying an additional 8,525 shares in the last quarter.

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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