The Gap, Inc. (NYSE:GPS) Given Average Recommendation of “Hold” by Analysts

The Gap, Inc. (NYSE:GPSGet Free Report) has been assigned an average rating of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $25.86.

A number of analysts have weighed in on the stock. Cowen increased their target price on shares of GAP from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Wells Fargo & Company increased their target price on shares of GAP from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Morgan Stanley increased their target price on shares of GAP from $20.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, May 31st. Barclays increased their target price on shares of GAP from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Finally, StockNews.com lowered shares of GAP from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 4th.

Check Out Our Latest Report on GAP

GAP Trading Down 2.0 %

GPS opened at $24.70 on Friday. The stock has a market capitalization of $9.26 billion, a PE ratio of 13.72, a P/E/G ratio of 4.30 and a beta of 2.35. The firm’s fifty day moving average price is $22.91 and its 200 day moving average price is $22.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.50 and a quick ratio of 0.80. GAP has a 12-month low of $8.51 and a 12-month high of $30.75.

GAP (NYSE:GPSGet Free Report) last posted its quarterly earnings results on Thursday, May 30th. The apparel retailer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.27. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.29 billion. GAP had a net margin of 4.52% and a return on equity of 27.57%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share. As a group, research analysts expect that GAP will post 1.74 EPS for the current fiscal year.

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.60 dividend on an annualized basis and a yield of 2.43%. GAP’s dividend payout ratio is presently 33.33%.

Insider Buying and Selling at GAP

In other GAP news, insider Julie Gruber sold 9,414 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $27.94, for a total value of $263,027.16. Following the completion of the sale, the insider now directly owns 1,384 shares of the company’s stock, valued at approximately $38,668.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other GAP news, insider Julie Gruber sold 9,414 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $27.94, for a total value of $263,027.16. Following the completion of the sale, the insider now directly owns 1,384 shares of the company’s stock, valued at approximately $38,668.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Katrina O’connell sold 9,818 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $27.94, for a total transaction of $274,314.92. The disclosure for this sale can be found here. In the last three months, insiders sold 133,041 shares of company stock valued at $3,757,327. 30.81% of the stock is owned by insiders.

Hedge Funds Weigh In On GAP

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPS. GAMMA Investing LLC acquired a new stake in shares of GAP in the fourth quarter worth $42,000. Plato Investment Management Ltd grew its stake in GAP by 37.2% during the 1st quarter. Plato Investment Management Ltd now owns 1,965 shares of the apparel retailer’s stock valued at $54,000 after acquiring an additional 533 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of GAP in the 4th quarter valued at about $73,000. VitalStone Financial LLC acquired a new position in shares of GAP in the 4th quarter valued at about $197,000. Finally, SVB Wealth LLC acquired a new position in shares of GAP in the 1st quarter valued at about $207,000. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

GAP Company Profile

(Get Free Report

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.

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Analyst Recommendations for GAP (NYSE:GPS)

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