Gap’s (GPS) “Hold” Rating Reiterated at Stifel Nicolaus
Other equities research analysts have also recently issued reports about the company. Oppenheimer Holdings Inc. reaffirmed a rating and issued a $20.00 target price on shares of Gap in a report on Monday, August 22nd. Vetr cut Gap from a strong-buy rating to a buy rating and set a $23.68 target price on the stock. in a report on Thursday, June 30th. Jefferies Group reaffirmed a buy rating on shares of Gap in a report on Saturday, July 9th. Canaccord Genuity reaffirmed a buy rating on shares of Gap in a report on Wednesday, August 17th. Finally, MKM Partners reaffirmed a hold rating and issued a $21.00 target price on shares of Gap in a report on Saturday, July 9th. Six research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $25.29.
Gap (NYSE:GPS) opened at 26.85 on Friday. The firm’s 50-day moving average price is $23.85 and its 200-day moving average price is $23.00. Gap has a 52-week low of $17.00 and a 52-week high of $30.49. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 15.13 and a beta of 1.28.
Gap (NYSE:GPS) last posted its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. Gap had a return on equity of 33.26% and a net margin of 4.60%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts anticipate that Gap will post ($0.01) EPS for the current year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.43%. Gap’s payout ratio is 51.98%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Blair William & Co. IL increased its stake in Gap by 0.5% in the second quarter. Blair William & Co. IL now owns 18,164 shares of the apparel retailer’s stock worth $385,000 after buying an additional 84 shares during the last quarter. Cypress Capital Group increased its stake in Gap by 0.9% in the first quarter. Cypress Capital Group now owns 16,426 shares of the apparel retailer’s stock worth $482,000 after buying an additional 148 shares during the last quarter. Charter Trust Co. increased its stake in Gap by 1.6% in the second quarter. Charter Trust Co. now owns 11,374 shares of the apparel retailer’s stock worth $241,000 after buying an additional 175 shares during the last quarter. Advantus Capital Management Inc increased its stake in Gap by 1.4% in the second quarter. Advantus Capital Management Inc now owns 21,945 shares of the apparel retailer’s stock worth $466,000 after buying an additional 305 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Gap by 1.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,365 shares of the apparel retailer’s stock worth $432,000 after buying an additional 320 shares during the last quarter. Institutional investors own 57.42% of the company’s stock.
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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