Shares of Gap, Inc. (The) (NYSE:GPS) have received an average rating of “Hold” from the thirty-two research firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $26.01.

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 price target on shares of Gap, Inc. (The) in a research note on Wednesday. BMO Capital Markets set a $23.00 price target on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday. BidaskClub upgraded shares of Gap, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Vetr upgraded shares of Gap, Inc. (The) from a “sell” rating to a “hold” rating and set a $24.84 price target for the company in a research note on Monday, May 15th. Finally, Zacks Investment Research upgraded shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday.

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In other Gap, Inc. (The) news, CEO Jeff Kirwan sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $24.88, for a total value of $124,400.00. Following the transaction, the chief executive officer now directly owns 29,548 shares in the company, valued at approximately $735,154.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 8,000 shares of company stock worth $192,960. 27.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its position in Gap, Inc. (The) by 136.8% in the fourth quarter. Macquarie Group Ltd. now owns 18,000 shares of the apparel retailer’s stock worth $404,000 after buying an additional 10,400 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in Gap, Inc. (The) by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 190,401 shares of the apparel retailer’s stock worth $4,625,000 after buying an additional 5,691 shares during the period. Gulf International Bank UK Ltd raised its position in Gap, Inc. (The) by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 75,163 shares of the apparel retailer’s stock worth $1,825,000 after buying an additional 800 shares during the period. DnB Asset Management AS raised its position in Gap, Inc. (The) by 39.3% in the first quarter. DnB Asset Management AS now owns 22,667 shares of the apparel retailer’s stock worth $551,000 after buying an additional 6,400 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Gap, Inc. (The) by 17.2% in the first quarter. Nisa Investment Advisors LLC now owns 224,603 shares of the apparel retailer’s stock worth $5,456,000 after buying an additional 33,005 shares during the period. Institutional investors own 56.42% of the company’s stock.

Shares of Gap, Inc. (NYSE:GPS) opened at 23.15 on Friday. The company has a market cap of $9.16 billion, a P/E ratio of 13.38 and a beta of 0.87. The firm has a 50-day moving average of $23.08 and a 200-day moving average of $23.72. Gap, Inc. has a 52-week low of $21.02 and a 52-week high of $30.74.

Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings data on Thursday, May 18th. The apparel retailer reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Gap, Inc. (The) had a net margin of 4.46% and a return on equity of 29.75%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. Equities research analysts forecast that Gap, Inc. will post $2.00 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.97%. Gap, Inc. (The)’s dividend payout ratio (DPR) is 53.18%.

About Gap, Inc. (The)

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.

Analyst Recommendations for Gap, Inc. (The) (NYSE:GPS)

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