Gap Inc. (NYSE:GPS) traded down 6.4% during trading on Tuesday . The stock traded as low as $23.79 and last traded at $23.98, with a volume of 7,422,330 shares trading hands. The stock had previously closed at $25.62.

Several equities research analysts have recently commented on the stock. Cowen and Company reaffirmed a “market perform” rating and set a $25.00 price target on shares of Gap in a research report on Thursday. Piper Jaffray Cos. reaffirmed an “underweight” rating and set a $23.00 price target (up previously from $21.00) on shares of Gap in a research report on Wednesday. Vetr raised shares of Gap from a “buy” rating to a “strong-buy” rating and set a $26.92 price target for the company in a research report on Tuesday. Deutsche Bank AG upped their price target on shares of Gap from $18.00 to $19.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, Citigroup Inc. upped their price target on shares of Gap from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday. Seven analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Gap currently has a consensus rating of “Hold” and an average price target of $25.20.

The company has a 50 day moving average price of $23.35 and a 200-day moving average price of $23.77. The stock has a market capitalization of $9.89 billion and a PE ratio of 12.465.

Gap (NYSE:GPS) last posted its earnings results on Thursday, May 19th. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. During the same period in the previous year, the company posted $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% on a year-over-year basis. On average, analysts expect that Gap Inc. will post $1.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, July 1st. This represents a $0.92 annualized dividend and a yield of 3.83%.

Other large investors recently modified their holdings of the company. Andra AP fonden increased its stake in shares of Gap by 10.7% in the fourth quarter. Andra AP fonden now owns 117,700 shares of the apparel retailer’s stock valued at $2,907,000 after buying an additional 11,400 shares during the period. TrimTabs Asset Management LLC increased its stake in shares of 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 during the period. Vanguard Group Inc. increased its stake in shares of Gap by 17.5% in the fourth quarter. Vanguard Group Inc. now owns 18,407,316 shares of the apparel retailer’s stock valued at $454,661,000 after buying an additional 2,744,670 shares during the period. I.G. Investment Management LTD. increased its stake 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 valued at $1,008,000 after buying an additional 28,173 shares during the period. Finally, Catalyst Capital Advisors LLC increased its stake in shares of 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.