Gap Inc. (GPS) Stock Price Down 2.6%
Gap Inc. (NYSE:GPS) was down 2.6% on Monday . The company traded as low as $23.60 and last traded at $23.92, with a volume of 7,254,900 shares trading hands. The stock had previously closed at $24.55.
A number of research analysts recently commented on GPS shares. Telsey Advisory Group lowered their price objective on shares of Gap from $32.00 to $23.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 10th. JPMorgan Chase & Co. reiterated a “sell” rating and set a $22.00 price objective on shares of Gap in a research note on Friday, August 19th. Nomura raised their price objective on shares of Gap from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, August 19th. Vetr upgraded shares of Gap from a “buy” rating to a “strong-buy” rating and set a $27.90 price objective on the stock in a research note on Wednesday, August 31st. Finally, Oppenheimer Holdings Inc. reiterated a “” rating and set a $20.00 price objective on shares of Gap in a research note on Monday, August 22nd. Seven research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.94.
The company has a market cap of $9.52 billion and a P/E ratio of 13.48. The stock has a 50-day moving average price of $25.22 and a 200 day moving average price of $24.01.
Gap (NYSE:GPS) last released its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the business posted $0.64 earnings per share. Gap’s revenue was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Gap Inc. will post $1.92 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Monday, October 3rd.
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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