Standpoint Research upgraded shares of GAP (NYSE:GPS) from a hold rating to a buy rating in a research note issued to investors on Friday morning, MarketBeat.com reports. Standpoint Research currently has $32.00 price target on the apparel retailer’s stock.

A number of other brokerages also recently commented on GPS. B. Riley decreased their price target on GAP from $35.00 to $33.00 and set a neutral rating for the company in a research report on Friday, August 24th. JPMorgan Chase & Co. decreased their price target on GAP from $32.00 to $30.00 and set a neutral rating for the company in a research report on Friday, August 24th. Wedbush initiated coverage on GAP in a research report on Friday, August 10th. They set a neutral rating and a $32.00 price target for the company. Barclays set a $39.00 price target on GAP and gave the company a buy rating in a research report on Saturday, August 25th. Finally, ValuEngine downgraded GAP from a hold rating to a sell rating in a research report on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $33.13.

Shares of GPS stock traded down $0.28 during trading hours on Friday, reaching $25.28. The company had a trading volume of 6,000,042 shares, compared to its average volume of 5,228,569. GAP has a 12 month low of $25.27 and a 12 month high of $35.68. The company has a quick ratio of 1.02, a current ratio of 1.96 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $9.83 billion, a PE ratio of 11.87, a P/E/G ratio of 1.10 and a beta of 0.64.

GAP (NYSE:GPS) last posted its earnings results on Thursday, August 23rd. The apparel retailer reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.04. GAP had a return on equity of 29.25% and a net margin of 5.43%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that GAP will post 2.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th will be given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Tuesday, October 9th. GAP’s dividend payout ratio is currently 45.54%.

A number of large investors have recently added to or reduced their stakes in GPS. Wells Fargo & Company MN boosted its holdings in shares of GAP by 41.9% in the second quarter. Wells Fargo & Company MN now owns 4,137,469 shares of the apparel retailer’s stock worth $134,013,000 after acquiring an additional 1,221,383 shares during the period. Bank of Montreal Can boosted its holdings in shares of GAP by 5.5% in the second quarter. Bank of Montreal Can now owns 3,075,518 shares of the apparel retailer’s stock worth $99,617,000 after acquiring an additional 160,961 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of GAP by 626.8% in the second quarter. Point72 Asset Management L.P. now owns 2,743,079 shares of the apparel retailer’s stock worth $88,848,000 after acquiring an additional 2,365,680 shares during the period. Voya Investment Management LLC boosted its holdings in shares of GAP by 25.3% in the second quarter. Voya Investment Management LLC now owns 2,337,564 shares of the apparel retailer’s stock worth $75,713,000 after acquiring an additional 472,565 shares during the period. Finally, Miller Howard Investments Inc. NY boosted its holdings in shares of GAP by 8,187.8% in the second quarter. Miller Howard Investments Inc. NY now owns 1,949,786 shares of the apparel retailer’s stock worth $63,154,000 after acquiring an additional 1,926,260 shares during the period. 58.10% of the stock is owned by institutional investors and hedge funds.

GAP Company Profile

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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Analyst Recommendations for GAP (NYSE:GPS)

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