TD Cowen Cuts GAP (NYSE:GAP) Price Target to $23.00

GAP (NYSE:GAP) had its target price decreased by TD Cowen from $26.00 to $23.00 in a research note published on Tuesday morning, MarketBeat reports. TD Cowen currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on GAP. Evercore set a $20.00 target price on shares of GAP and gave the company an “in-line” rating in a research report on Friday, May 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $21.00 price target on shares of GAP in a research report on Monday, July 6th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $22.00 price objective (down from $26.00) on shares of GAP in a research note on Friday, August 7th. Bank of America cut their price objective on shares of GAP from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Finally, Weiss Ratings lowered shares of GAP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.29.

GAP Trading Down 2.1%

Shares of NYSE:GAP opened at $19.67 on Tuesday. GAP has a 12-month low of $18.11 and a 12-month high of $29.36. The stock has a market cap of $7.08 billion, a PE ratio of 7.74, a P/E/G ratio of 1.18 and a beta of 2.05. The business has a 50 day moving average of $20.12 and a 200-day moving average of $23.16. The company has a quick ratio of 1.08, a current ratio of 1.81 and a debt-to-equity ratio of 0.41.

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

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, October 7th. GAP’s dividend payout ratio is 27.56%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in GAP by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 71,867 shares of the company’s stock valued at $1,537,000 after acquiring an additional 447 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in GAP during the fourth quarter valued at approximately $26,000. Plato Investment Management Ltd bought a new stake in GAP during the fourth quarter worth $28,000. Global Retirement Partners LLC bought a new stake in GAP during the second quarter worth $29,000. Finally, California State Teachers Retirement System boosted its holdings in shares of GAP by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock valued at $4,940,000 after purchasing an additional 1,703 shares in the last quarter. Institutional investors own 58.81% of the company’s stock.

GAP Company Profile

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.