Gap, Inc. (The) (GPS) PT Raised to $28.00
Gap, Inc. (The) (NYSE:GPS) had its target price raised by research analysts at Nomura from $25.00 to $28.00 in a report issued on Friday. The firm presently has a “neutral” rating on the apparel retailer’s stock. Nomura’s price objective suggests a potential upside of 1.89% from the company’s current price.
A number of other equities analysts have also recently issued reports on the stock. Barclays PLC set a $34.00 price objective on shares of Gap, Inc. (The) and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird set a $28.00 price objective on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research report on Friday. Jefferies Group LLC increased their price objective on shares of Gap, Inc. (The) from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets set a $29.00 price objective on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research report on Friday. Finally, Deutsche Bank AG upped their target price on shares of Gap, Inc. (The) from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Friday. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.46.
Shares of Gap, Inc. (GPS) traded up $0.58 on Friday, reaching $27.48. 11,286,400 shares of the company’s stock were exchanged, compared to its average volume of 5,928,949. The company has a quick ratio of 0.92, a current ratio of 1.77 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $11,490.00, a PE ratio of 13.12, a P/E/G ratio of 1.63 and a beta of 0.86. Gap, Inc. has a twelve month low of $21.02 and a twelve month high of $30.74.
Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. research analysts forecast that Gap, Inc. will post 2.06 EPS for the current fiscal year.
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In related news, CEO Jeff Kirwan sold 1,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.38, for a total value of $29,380.00. Following the transaction, the chief executive officer now owns 25,268 shares of the company’s stock, valued at approximately $742,373.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Joseph Chapman sold 4,898 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $22.82, for a total transaction of $111,772.36. The disclosure for this sale can be found here. In the last three months, insiders sold 676,682 shares of company stock worth $18,906,180. Insiders own 27.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of GPS. Ffcm LLC boosted its holdings in shares of Gap, Inc. (The) by 198.0% in the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after buying an additional 3,519 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of Gap, Inc. (The) in the 2nd quarter valued at about $144,000. Howe & Rusling Inc. bought a new stake in shares of Gap, Inc. (The) in the 3rd quarter valued at about $190,000. AE Wealth Management LLC bought a new stake in shares of Gap, Inc. (The) in the 3rd quarter valued at about $223,000. Finally, Paragon Capital Management Ltd bought a new stake in shares of Gap, Inc. (The) in the 2nd quarter valued at about $229,000. 56.78% of the stock is currently owned by institutional investors and hedge funds.
About Gap, Inc. (The)
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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