Gap Inc (NYSE:GPS) has earned a consensus rating of “Hold” from the twenty-eight ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.64.

A number of brokerages recently commented on GPS. B. Riley reduced their price objective on shares of GAP from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday. Zacks Investment Research downgraded shares of GAP from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of GAP from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday. Guggenheim restated a “hold” rating on shares of GAP in a research report on Friday. Finally, Wedbush assumed coverage on shares of GAP in a research report on Friday, August 10th. They issued a “neutral” rating and a $32.00 price objective for the company.

In other GAP news, Director William Sydney Fisher sold 1,000,000 shares of the stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $32.37, for a total value of $32,370,000.00. Following the completion of the transaction, the director now directly owns 10,760,396 shares of the company’s stock, valued at $348,314,018.52. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 27.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of GPS. JPMorgan Chase & Co. increased its stake in shares of GAP by 25.8% during the 1st quarter. JPMorgan Chase & Co. now owns 12,542,927 shares of the apparel retailer’s stock worth $391,339,000 after purchasing an additional 2,575,906 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of GAP by 626.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,743,079 shares of the apparel retailer’s stock worth $88,848,000 after purchasing an additional 2,365,680 shares in the last quarter. Miller Howard Investments Inc. NY increased its stake in shares of GAP by 8,187.8% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 1,949,786 shares of the apparel retailer’s stock worth $63,154,000 after purchasing an additional 1,926,260 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of GAP during the 2nd quarter worth approximately $42,264,000. Finally, Wells Fargo & Company MN increased its stake in shares of GAP by 41.9% during the 2nd quarter. Wells Fargo & Company MN now owns 4,137,469 shares of the apparel retailer’s stock worth $134,013,000 after purchasing an additional 1,221,383 shares in the last quarter. 58.25% of the stock is owned by institutional investors and hedge funds.

NYSE:GPS traded down $2.79 during mid-day trading on Wednesday, reaching $29.65. The stock had a trading volume of 18,665,817 shares, compared to its average volume of 3,572,989. The company has a quick ratio of 1.05, a current ratio of 2.03 and a debt-to-equity ratio of 0.39. The company has a market cap of $12.48 billion, a P/E ratio of 13.92, a PEG ratio of 1.39 and a beta of 0.71. GAP has a twelve month low of $22.98 and a twelve month high of $35.68.

GAP (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 23rd. The apparel retailer reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.04. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.02 billion. GAP had a net margin of 5.36% and a return on equity of 28.04%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. analysts expect that GAP will post 2.58 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th will be issued a $0.2425 dividend. The ex-dividend date of this dividend is Tuesday, October 9th. This represents a $0.97 dividend on an annualized basis and a yield of 3.27%. GAP’s dividend payout ratio (DPR) is presently 45.54%.

About GAP

Gap, Inc operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody and GapFit collections.

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Analyst Recommendations for GAP (NYSE:GPS)

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