Gap Inc (NYSE:GPS) has been assigned an average rating of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $24.17.

A number of brokerages have recently issued reports on GPS. Standpoint Research upgraded shares of GAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Zacks Investment Research raised shares of Gerdau from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Wedbush set a $12.00 price target on shares of GameStop and gave the stock a “buy” rating in a research note on Friday, May 31st. Royal Bank of Canada set a $125.00 price target on shares of PVH and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Nomura dropped their price target on shares of GAP from $22.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, May 31st.

In other GAP news, EVP Julie Gruber sold 3,286 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $24.00, for a total value of $78,864.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mcneil S. Fiske, Jr. sold 16,183 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $18.00, for a total transaction of $291,294.00. Following the completion of the sale, the chief executive officer now directly owns 32,500 shares of the company’s stock, valued at approximately $585,000. The disclosure for this sale can be found here. Insiders own 37.60% of the company’s stock.

A number of large investors have recently modified their holdings of GPS. BlackRock Inc. increased its stake in GAP by 28.2% in the first quarter. BlackRock Inc. now owns 20,412,955 shares of the apparel retailer’s stock valued at $534,413,000 after purchasing an additional 4,491,047 shares in the last quarter. Norges Bank bought a new stake in GAP in the fourth quarter valued at approximately $82,347,000. Dimensional Fund Advisors LP increased its stake in GAP by 31.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,975,433 shares of the apparel retailer’s stock valued at $102,406,000 after purchasing an additional 960,583 shares in the last quarter. California Public Employees Retirement System increased its stake in GAP by 82.5% in the first quarter. California Public Employees Retirement System now owns 1,623,668 shares of the apparel retailer’s stock valued at $42,508,000 after purchasing an additional 734,097 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in GAP by 121.1% in the first quarter. SG Americas Securities LLC now owns 105,865 shares of the apparel retailer’s stock valued at $2,772,000 after purchasing an additional 607,780 shares in the last quarter. 57.87% of the stock is owned by hedge funds and other institutional investors.

Shares of GPS stock traded up $0.24 during trading hours on Friday, reaching $18.78. 5,833,115 shares of the company were exchanged, compared to its average volume of 5,047,616. GAP has a fifty-two week low of $17.12 and a fifty-two week high of $32.98. The business has a fifty day moving average price of $18.25. The firm has a market cap of $7.10 billion, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 1.00 and a beta of 0.71. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.70 and a current ratio of 1.49.

GAP (NYSE:GPS) last announced its earnings results on Thursday, May 30th. The apparel retailer reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.07). GAP had a return on equity of 26.73% and a net margin of 6.46%. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. GAP’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts predict that GAP will post 2.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend is Tuesday, July 9th. GAP’s dividend payout ratio (DPR) is 37.45%.

About GAP

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, Intermix, and Hill City 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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