Gap, Inc. (The) (GPS) Given Average Rating of “Hold” by Brokerages
Gap, Inc. (The) (NYSE:GPS) has earned a consensus recommendation of “Hold” from the thirty-three brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $26.38.
Several brokerages have recently issued reports on GPS. Jefferies Group LLC set a $35.00 price objective on shares of Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, August 16th. BidaskClub upgraded shares of Gap, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada restated a “hold” rating and issued a $26.00 price objective on shares of Gap, Inc. (The) in a research note on Monday, September 18th. Telsey Advisory Group raised their price objective on shares of Gap, Inc. (The) from $27.00 to $31.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 19th. Finally, FBR & Co set a $25.00 price target on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, August 15th.
Shares of Gap, Inc. (NYSE GPS) opened at 29.53 on Friday. Gap, Inc. has a 12-month low of $21.02 and a 12-month high of $30.74. The firm has a market capitalization of $11.58 billion, a PE ratio of 14.07 and a beta of 0.82. The company has a 50-day moving average of $24.44 and a 200 day moving average of $23.86.
Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.06. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.77 billion. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. Gap, Inc. (The)’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. On average, analysts predict that Gap, Inc. will post $2.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.12%. Gap, Inc. (The)’s payout ratio is currently 43.81%.
In other news, EVP Paul Joseph Chapman sold 4,898 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total transaction of $111,772.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Sydney Fisher sold 666,849 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total value of $18,665,103.51. Following the transaction, the director now owns 12,237,873 shares of the company’s stock, valued at $342,538,065.27. The disclosure for this sale can be found here. Insiders have sold a total of 676,682 shares of company stock valued at $18,896,710 over the last 90 days. Corporate insiders own 27.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Ffcm LLC grew its position in shares of Gap, Inc. (The) by 198.0% during the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock worth $121,000 after buying an additional 3,519 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Gap, Inc. (The) during the 1st quarter worth about $127,000. James Investment Research Inc. acquired a new position in shares of Gap, Inc. (The) during the 2nd quarter worth about $144,000. Paragon Capital Management Ltd acquired a new position in shares of Gap, Inc. (The) during the 2nd quarter worth about $229,000. Finally, Pacer Advisors Inc. grew its position in shares of Gap, Inc. (The) by 67.8% during the 1st quarter. Pacer Advisors Inc. now owns 9,581 shares of the apparel retailer’s stock worth $233,000 after buying an additional 3,872 shares during the period. Institutional investors own 56.22% of the company’s stock.
Gap, Inc. (The) Company Profile
The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
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