The Gap Stock Rating Reaffirmed by Jefferies Group (GPS)
The Gap (NYSE: GPS)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. They currently have a $50.00 price target on the stock.
A number of other firms have also recently commented on GPS. Analysts at Wedbush cut their price target on shares of The Gap from $36.00 to $33.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of The Gap in a research note to investors on Monday. They set an “underperform” rating and a $29.00 price target on the stock. Finally, analysts at Susquehanna cut their price target on shares of The Gap from $45.00 to $42.00 in a research note to investors on Friday. They now have a “positive” rating on the stock.
Nine investment analysts have rated the stock with a buy rating, sixteen have assigned a hold rating, one has assigned an underweight rating, and two have assigned a sell rating to the stock. The stock presently has a consensus rating of “hold” and a consensus price target of $38.48.
The Gap traded up 1.13% on Tuesday, hitting $34.03. The Gap has a 52-week low of $24.18 and a 52-week high of $37.85. The stock’s 50-day moving average is currently $32.58. The company has a market cap of $16.062 billion and a price-to-earnings ratio of 14.44.
The Gap last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.02. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. The Gap has set its FY14 guidance at $2.52-2.60 EPS. On average, analysts predict that The Gap will post $2.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Monday, April 8th. This is a positive change from The Gap’s previous quarterly dividend of $0.13.
The Gap, Inc. (Gap Inc.) is a global specialty apparel company. Gap Inc. offers apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands.
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