Barclays PLC Boosts Gap, Inc. (The) (GPS) Price Target to $34.00
Gap, Inc. (The) (NYSE:GPS) had its price target upped by Barclays PLC from $32.00 to $34.00 in a report released on Friday, Marketbeat.com reports. The brokerage currently has an overweight rating on the apparel retailer’s stock.
Several other analysts have also commented on GPS. Royal Bank Of Canada reissued a hold rating and set a $26.00 price target on shares of Gap, Inc. (The) in a research report on Wednesday, August 9th. KeyCorp reissued a buy rating and set a $33.00 price target on shares of Gap, Inc. (The) in a research report on Tuesday, September 26th. Robert W. Baird set a $28.00 price target on shares of Gap, Inc. (The) and gave the company a hold rating in a research report on Friday. B. Riley set a $25.00 price target on shares of Gap, Inc. (The) and gave the company a hold rating in a research report on Friday. 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 investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $27.51.
Shares of Gap, Inc. (NYSE GPS) opened at $29.93 on Friday. Gap, Inc. has a one year low of $21.02 and a one year high of $30.14. The firm has a market cap of $11,530.00, a PE ratio of 14.48, a P/E/G ratio of 1.77 and a beta of 0.86. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.41.
Gap, Inc. (The) (NYSE:GPS) last released its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.76 billion. Gap, Inc. (The) had a net margin of 5.57% and a return on equity of 27.47%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. analysts anticipate that Gap, Inc. will post 2.08 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be issued a $0.23 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.07%. Gap, Inc. (The)’s payout ratio is currently 42.20%.
In other Gap, Inc. (The) news, CEO Sonia Syngal sold 1,935 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $25.79, for a total value of $49,903.65. Following the transaction, the chief executive officer now owns 39,656 shares in the company, valued at approximately $1,022,728.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Sydney Fisher sold 666,849 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $27.99, for a total value of $18,665,103.51. Following the completion of the transaction, the director now owns 12,237,873 shares in the company, valued at approximately $342,538,065.27. The disclosure for this sale can be found here. Insiders sold a total of 672,426 shares of company stock worth $18,813,667 in the last 90 days. 27.30% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Ffcm LLC lifted its holdings in 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 purchasing an additional 3,519 shares in the last quarter. James Investment Research Inc. purchased a new position in Gap, Inc. (The) in the 2nd quarter valued at $144,000. Howe & Rusling Inc. purchased a new position in shares of Gap, Inc. (The) during the 3rd quarter worth $190,000. AE Wealth Management LLC purchased a new position in shares of Gap, Inc. (The) during the 3rd quarter worth $223,000. Finally, Paragon Capital Management Ltd purchased a new position in shares of Gap, Inc. (The) during the 2nd quarter worth $229,000. Institutional investors own 57.67% of the company’s stock.
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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