Gap Inc. (GPS) Upgraded at Vetr Inc.
Gap Inc. (NYSE:GPS) was upgraded by stock analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued on Tuesday. The firm presently has a $25.80 target price on the apparel retailer’s stock. Vetr‘s price target would suggest a potential downside of 2.35% from the company’s current price.
Several other research analysts also recently commented on GPS. Wedbush restated a “neutral” rating and set a $20.00 price objective on shares of Gap in a research report on Wednesday, June 15th. Wolfe Research upgraded shares of Gap from a “market perform” rating to an “outperform” rating in a research report on Friday, June 17th. FBR & Co restated a “market perform” rating and set a $22.00 price objective on shares of Gap in a research report on Wednesday, July 6th. BMO Capital Markets restated a “market perform” rating and set a $20.00 price objective on shares of Gap in a research report on Thursday, July 7th. Finally, Stifel Nicolaus restated a “positive” rating on shares of Gap in a research report on Friday, July 8th. 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 stock. The stock presently has an average rating of “Hold” and an average target price of $25.17.
Shares of Gap (NYSE:GPS) opened at 26.42 on Tuesday. Gap has a 52 week low of $17.00 and a 52 week high of $30.49. The company’s 50-day moving average price is $23.86 and its 200 day moving average price is $22.94. The firm has a market cap of $10.53 billion, a P/E ratio of 14.88 and a beta of 1.28.
Gap (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. Gap had a net margin of 4.60% and a return on equity of 33.26%. The business earned $3.85 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts anticipate that Gap will post ($0.01) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Monday, October 3rd. Gap’s dividend payout ratio (DPR) is currently 51.98%.
Several hedge funds have recently bought and sold shares of GPS. Pacer Advisors Inc. boosted its stake in Gap by 11.7% in the second quarter. Pacer Advisors Inc. now owns 5,777 shares of the apparel retailer’s stock valued at $123,000 after buying an additional 606 shares during the period. Advisory Services Network LLC boosted its stake in Gap by 22.1% in the second quarter. Advisory Services Network LLC now owns 5,869 shares of the apparel retailer’s stock valued at $125,000 after buying an additional 1,062 shares during the period. Americafirst Capital Management LLC bought a new stake in Gap during the second quarter valued at $139,000. Sigma Planning Corp bought a new stake in Gap during the second quarter valued at $216,000. Finally, Beddow Capital Management Inc. bought a new stake in Gap during the first quarter valued at $226,000. Hedge funds and other institutional investors own 57.42% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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