Shares of Gap Inc (NYSE:GPS) have been given an average recommendation of “Hold” by the twenty-one brokerages that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.07.

A number of research analysts have recently issued reports on the stock. ValuEngine raised shares of GAP from a “sell” rating to a “hold” rating in a research report on Thursday. Telsey Advisory Group downgraded shares of GAP from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $24.00 to $19.00 in a research report on Friday, November 8th. B. Riley set a $21.00 price objective on shares of GAP and gave the stock a “hold” rating in a research report on Friday, September 13th. Bank of America set a $14.00 price objective on shares of GAP and gave the stock a “sell” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $16.00 price objective (down previously from $20.00) on shares of GAP in a research report on Friday, November 8th.

Shares of GAP stock opened at $17.15 on Friday. The firm’s 50 day moving average price is $17.04 and its 200-day moving average price is $18.62. The company has a quick ratio of 0.72, a current ratio of 1.46 and a debt-to-equity ratio of 1.90. GAP has a 52-week low of $15.11 and a 52-week high of $31.39. The company has a market cap of $6.42 billion, a P/E ratio of 6.62, a PEG ratio of 1.04 and a beta of 0.71.

GAP (NYSE:GPS) last issued its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. GAP had a net margin of 5.71% and a return on equity of 24.53%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that GAP will post 1.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 5.66%. GAP’s dividend payout ratio is presently 37.45%.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in GAP by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 28,829,631 shares of the apparel retailer’s stock worth $518,068,000 after purchasing an additional 210,846 shares during the last quarter. BlackRock Inc. grew its position in GAP by 6.9% during the 2nd quarter. BlackRock Inc. now owns 21,828,899 shares of the apparel retailer’s stock worth $392,265,000 after purchasing an additional 1,415,944 shares during the last quarter. Invesco Ltd. grew its position in GAP by 14.0% during the 2nd quarter. Invesco Ltd. now owns 7,517,993 shares of the apparel retailer’s stock worth $135,098,000 after purchasing an additional 922,167 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in GAP by 43.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,053,569 shares of the apparel retailer’s stock worth $54,873,000 after purchasing an additional 923,316 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in GAP by 17.3% during the 2nd quarter. Wells Fargo & Company MN now owns 2,312,790 shares of the apparel retailer’s stock worth $41,561,000 after purchasing an additional 341,672 shares during the last quarter. 59.86% of the stock is currently owned by institutional investors.

GAP Company Profile

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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