Gap, Inc. (The) (GPS) Trading 7.4% Higher
Shares of Gap, Inc. (The) (NYSE:GPS) traded up 7.4% on Wednesday . The company traded as high as $25.91 and last traded at $25.82. 13,874,170 shares changed hands during mid-day trading, an increase of 132% from the average session volume of 5,985,400 shares. The stock had previously closed at $24.03.
A number of analysts recently weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 price target on shares of Gap, Inc. (The) in a research report on Thursday. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 price target on shares of Gap, Inc. (The) in a research report on Wednesday, August 9th. ValuEngine upgraded shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup Inc. upgraded shares of Gap, Inc. (The) from a “sell” rating to a “neutral” rating and increased their price target for the company from $22.00 to $24.00 in a research report on Friday, September 1st. Finally, BMO Capital Markets set a $23.00 price target on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.74.
The company has a 50-day moving average price of $23.61 and a 200-day moving average price of $23.71. The company has a market capitalization of $10.16 billion, a PE ratio of 12.34 and a beta of 0.82.
Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Equities analysts predict that Gap, Inc. will post $2.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.55%. Gap, Inc. (The)’s dividend payout ratio (DPR) is presently 43.81%.
In other Gap, Inc. (The) news, EVP Paul Joseph Chapman sold 4,898 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total value of $111,772.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 7,898 shares of company stock valued at $181,702 in the last 90 days. Corporate insiders own 27.30% of the company’s stock.
Large investors have recently made changes to their positions in the business. Ffcm LLC grew its stake in shares of Gap, Inc. (The) by 198.0% during the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock worth $121,000 after acquiring an additional 3,519 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Gap, Inc. (The) during the 1st quarter worth $127,000. James Investment Research Inc. bought a new position in shares of Gap, Inc. (The) during the 2nd quarter worth $144,000. Penserra Capital Management LLC grew its stake in shares of Gap, Inc. (The) by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 5,980 shares of the apparel retailer’s stock worth $145,000 after acquiring an additional 520 shares during the period. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Gap, Inc. (The) during the 1st quarter worth $211,000. Hedge funds and other institutional investors own 56.21% of the company’s stock.
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Gap, Inc. (The) 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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