Gap Inc. (NYSE:GPS) shares were down 3.4% during trading on Tuesday . The company traded as low as $25.30 and last traded at $25.59, with a volume of 3,418,320 shares trading hands. The stock had previously closed at $26.48.

A number of research analysts recently commented on GPS shares. Telsey Advisory Group cut their target price on Gap from $32.00 to $23.00 and set a “market perform” rating for the company in a research note on Tuesday, May 10th. JPMorgan Chase & Co. reiterated a “sell” rating and set a $22.00 price objective on shares of Gap in a research note on Friday, August 19th. Nomura increased their price objective on Gap from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, August 19th. Oppenheimer Holdings Inc. reiterated a “” rating and set a $20.00 price objective on shares of Gap in a research note on Monday, August 22nd. Finally, Bank of America Corp. reiterated a “sell” rating on shares of Gap in a research note on Friday, May 20th. Seven equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.14.

The stock has a market cap of $10.09 billion and a price-to-earnings ratio of 14.28. The firm has a 50 day moving average price of $25.05 and a 200 day moving average price of $23.99.

Gap (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.79 billion. Gap’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the company posted $0.64 earnings per share. Equities research analysts forecast that Gap Inc. will post $1.92 earnings per share for the current fiscal year.

The company 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 dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.63%. The ex-dividend date is Monday, October 3rd.

A hedge fund recently raised its stake in Gap stock. American International Group Inc. boosted its stake in shares of Gap Inc. (NYSE:GPS) by 9,228.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,950,963 shares of the apparel retailer’s stock after buying an additional 12,812,126 shares during the period. Gap makes up 1.3% of American International Group Inc.’s holdings, making the stock its 22nd largest position. American International Group Inc. owned 3.22% of Gap worth $319,888,000 at the end of the most recent reporting period.

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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