GAP (NYSE:GAP) Downgraded by Barclays to Hold

Barclays downgraded shares of GAP (NYSE:GAP) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Wells Fargo & Company restated an “equal weight” rating and issued a $22.00 price target (down from $26.00) on shares of GAP in a research report on Friday, August 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $27.00 price objective (down from $35.00) on shares of GAP in a report on Friday, May 29th. Weiss Ratings lowered GAP from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group reduced their target price on GAP from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Finally, TD Cowen decreased their target price on GAP from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.14.

GAP Trading Down 2.3%

Shares of NYSE GAP opened at $21.03 on Tuesday. GAP has a fifty-two week low of $18.11 and a fifty-two week high of $29.36. The firm has a market capitalization of $7.57 billion, a P/E ratio of 8.28, a P/E/G ratio of 1.27 and a beta of 2.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.08. The company’s 50 day simple moving average is $20.30 and its 200 day simple moving average is $23.51.

GAP (NYSE:GAP) last released its earnings results on Thursday, May 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. GAP had a return on equity of 21.13% and a net margin of 6.25%.GAP’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. On average, analysts predict that GAP will post 2.34 EPS for the current year.

Institutional Trading of GAP

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of GAP in the second quarter worth about $428,824,000. Ameriprise Financial Inc. raised its position in shares of GAP by 42.7% during the second quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock worth $96,134,000 after purchasing an additional 1,318,322 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in shares of GAP by 112.2% during the 1st quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company’s stock valued at $41,237,000 after purchasing an additional 900,855 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of GAP by 2,197.8% during the 3rd quarter. Jump Financial LLC now owns 645,150 shares of the company’s stock valued at $13,800,000 after purchasing an additional 617,073 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in shares of GAP in the 2nd quarter valued at approximately $10,911,000. Institutional investors own 58.81% of the company’s stock.

About GAP

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.