Gap Inc. (GPS) Rating Reiterated by FBR & Co
Gap Inc. (NYSE:GPS)‘s stock had its “hold” rating restated by investment analysts at FBR & Co in a note issued to investors on Friday. They currently have a $22.00 price target on the apparel retailer’s stock. FBR & Co’s price objective would indicate a potential downside of 16.73% from the stock’s current price.
GPS has been the topic of several other research reports. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $22.00 price objective on shares of Gap 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. RBC Capital Markets set a $23.00 price objective on shares of Gap and gave the stock a “hold” rating in a research note on Tuesday, September 13th. Nomura increased their price objective on shares of Gap from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, August 19th. Finally, Oppenheimer Holdings Inc. reiterated a “” rating and issued a $20.00 price objective on shares of Gap in a research note on Monday, August 22nd. Six analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.17.
Gap (NYSE:GPS) opened at 26.42 on Friday. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 14.88 and a beta of 1.28. The company has a 50-day moving average price of $23.86 and a 200-day moving average price of $22.94. Gap has a one year low of $17.00 and a one year high of $30.49.
Gap (NYSE:GPS) last posted its earnings results on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Gap had a net margin of 4.60% and a return on equity of 33.26%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Equities research analysts anticipate that Gap will post ($0.01) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Monday, October 3rd. Gap’s payout ratio is presently 51.98%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in shares of Gap by 11.7% in the second quarter. Pacer Advisors Inc. now owns 5,777 shares of the apparel retailer’s stock worth $123,000 after buying an additional 606 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Gap by 22.1% in the second quarter. Advisory Services Network LLC now owns 5,869 shares of the apparel retailer’s stock worth $125,000 after buying an additional 1,062 shares during the last quarter. Americafirst Capital Management LLC bought a new position in shares of Gap during the second quarter worth about $139,000. Sigma Planning Corp bought a new position in shares of Gap during the second quarter worth about $216,000. Finally, Beddow Capital Management Inc. bought a new position in shares of Gap during the first quarter worth about $226,000. 57.42% of the stock is owned by institutional investors.
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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