Gap Inc. (GPS) Receives “Neutral” Rating from MKM Partners
MKM Partners reaffirmed their neutral rating on shares of Gap Inc. (NYSE:GPS) in a research note issued to investors on Wednesday morning. MKM Partners currently has a $25.00 target price on the apparel retailer’s stock.
A number of other research firms also recently issued reports on GPS. Royal Bank Of Canada reaffirmed a hold rating on shares of Gap in a research note on Saturday, July 9th. Jefferies Group reaffirmed a buy rating on shares of Gap in a research note on Saturday, July 9th. Vetr downgraded shares of Gap from a strong-buy rating to a sell rating and set a $25.20 price target on the stock. in a research note on Monday. RBC Capital Markets set a $23.00 price target on shares of Gap and gave the company a hold rating in a research note on Tuesday, September 13th. Finally, Wedbush upped their price target on shares of Gap from $20.00 to $25.00 and gave the company a neutral rating in a research note on Friday, August 19th. Six equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $25.29.
Gap (NYSE:GPS) traded down 1.397% during midday trading on Wednesday, hitting $26.475. 1,144,649 shares of the stock traded hands. Gap has a 52-week low of $17.00 and a 52-week high of $30.49. The firm’s 50-day moving average is $23.85 and its 200-day moving average is $23.00. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 14.915 and a beta of 1.28.
Gap (NYSE:GPS) last released its earnings results on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, topping 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 firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts predict that Gap will post ($0.01) EPS for the current 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 issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Monday, October 3rd. Gap’s dividend payout ratio (DPR) is 51.98%.
A number of institutional investors have recently made changes to their positions in GPS. Commonwealth Equity Services Inc acquired a new position in shares of Gap during the first quarter worth about $287,000. Ngam Advisors L.P. boosted its stake 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 worth $2,799,000 after buying an additional 40,684 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake 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 worth $34,814,000 after buying an additional 110,100 shares in the last quarter. Teachers Advisors Inc. boosted its stake 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 worth $18,059,000 after buying an additional 54,941 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Gap during the first quarter worth $1,613,000. 57.42% of the stock is owned by hedge funds and other 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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