Gap Inc. (GPS) Receives “In-Line” Rating from Mizuho
A number of other brokerages have also issued reports on GPS. Royal Bank Of Canada reissued a hold rating on shares of Gap in a research report on Saturday, July 9th. Jefferies Group reissued a buy rating on shares of Gap in a research report on Saturday, July 9th. Vetr raised Gap from a buy rating to a strong-buy rating and set a $26.92 target price on the stock in a research report on Tuesday, August 9th. RBC Capital Markets set a $23.00 target price on Gap and gave the company a hold rating in a research report on Tuesday, September 13th. Finally, Wedbush lifted their target price on Gap from $20.00 to $25.00 and gave the company a neutral rating in a research report on Friday, August 19th. Seven analysts have rated the stock with a sell rating, twenty-six have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $25.15.
Shares of Gap (NYSE:GPS) traded up 0.476% on Friday, hitting $26.375. The stock had a trading volume of 3,875,679 shares. The company has a market cap of $10.51 billion, a PE ratio of 14.859 and a beta of 1.28. Gap has a 52 week low of $17.00 and a 52 week high of $30.49. The stock’s 50-day moving average price is $23.88 and its 200 day moving average price is $23.05.
Gap (NYSE:GPS) last released its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.79 billion. Gap had a return on equity of 33.26% and a net margin of 4.60%. Gap’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. On average, analysts predict that Gap will post ($0.01) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Monday, October 3rd. Gap’s dividend payout ratio is presently 51.98%.
Several institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc acquired a new position in Gap during the first quarter valued at about $287,000. Ngam Advisors L.P. raised its position in shares of Gap by 74.6% in the first quarter. Ngam Advisors L.P. now owns 95,198 shares of the apparel retailer’s stock valued at $2,799,000 after buying an additional 40,684 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Gap by 10.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,184,150 shares of the apparel retailer’s stock valued at $34,814,000 after buying an additional 110,100 shares during the period. Teachers Advisors Inc. raised its position in shares of Gap by 9.8% in the first quarter. Teachers Advisors Inc. now owns 614,240 shares of the apparel retailer’s stock valued at $18,059,000 after buying an additional 54,941 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Gap by 1.8% in the first quarter. Franklin Resources Inc. now owns 5,238,420 shares of the apparel retailer’s stock valued at $154,010,000 after buying an additional 94,400 shares during the period. 57.42% of the stock is owned by institutional investors.
Gap Company Profile
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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