GAP’s (GPS) Market Perform Rating Reiterated at Wells Fargo & Co
GAP (NYSE:GPS)‘s stock had its “market perform” rating restated by investment analysts at Wells Fargo & Co in a report released on Friday. They presently have a $32.00 price target on the apparel retailer’s stock, up from their previous price target of $31.00. Wells Fargo & Co’s target price would suggest a potential downside of 6.38% from the stock’s current price.
GPS has been the subject of several other research reports. Canaccord Genuity restated a “buy” rating on shares of GAP in a research report on Thursday, December 14th. ValuEngine upgraded shares of GAP from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $28.00 price target (up previously from $24.00) on shares of GAP in a research report on Wednesday, February 21st. BMO Capital Markets upped their price target on shares of GAP from $29.00 to $35.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, Citigroup lowered shares of GAP from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $32.50 to $25.00 in a research report on Thursday, November 30th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. GAP has a consensus rating of “Hold” and an average target price of $31.57.
GAP (NYSE GPS) opened at $34.18 on Friday. The company has a market cap of $13,290.00, a PE ratio of 15.90, a PEG ratio of 1.86 and a beta of 0.88. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. GAP has a 12-month low of $21.02 and a 12-month high of $35.68.
In other GAP news, EVP Julie Gruber sold 5,462 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $35.00, for a total transaction of $191,170.00. Following the completion of the sale, the executive vice president now directly owns 11,988 shares of the company’s stock, valued at $419,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brent Hyder sold 5,839 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.04, for a total transaction of $192,920.56. The disclosure for this sale can be found here. Insiders sold a total of 18,434 shares of company stock valued at $626,613 over the last three months. 27.30% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Avestar Capital LLC purchased a new stake in GAP during the fourth quarter valued at about $116,000. San Francisco Sentry Investment Group CA lifted its stake in GAP by 543.3% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 3,493 shares of the apparel retailer’s stock valued at $119,000 after buying an additional 2,950 shares in the last quarter. Cerebellum GP LLC purchased a new stake in GAP during the fourth quarter valued at about $130,000. Acropolis Investment Management LLC lifted its stake in GAP by 115.4% during the fourth quarter. Acropolis Investment Management LLC now owns 4,185 shares of the apparel retailer’s stock valued at $143,000 after buying an additional 2,242 shares in the last quarter. Finally, Mariner Wealth Advisors LLC purchased a new stake in GAP during the fourth quarter valued at about $203,000. 56.64% of the stock is owned by institutional investors.
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GAP 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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