Gap, Inc. (The)’s (GPS) Hold Rating Reiterated at Cowen Inc
Cowen Inc restated their hold rating on shares of Gap, Inc. (The) (NYSE:GPS) in a research note published on Wednesday morning. The brokerage currently has a $32.00 target price on the apparel retailer’s stock.
Several other brokerages also recently commented on GPS. Barclays PLC initiated coverage on Gap, Inc. (The) in a research note on Tuesday, September 19th. They issued an overweight rating and a $32.00 price objective for the company. Robert W. Baird set a $28.00 price objective on Gap, Inc. (The) and gave the stock a hold rating in a research note on Friday, November 17th. Zacks Investment Research raised Gap, Inc. (The) from a hold rating to a buy rating and set a $31.00 price objective for the company in a research note on Thursday, September 21st. Oppenheimer Holdings, Inc. set a $28.00 price objective on Gap, Inc. (The) and gave the stock a buy rating in a research note on Thursday, August 17th. Finally, Jefferies Group LLC set a $35.00 target price on Gap, Inc. (The) and gave the company a buy rating in a report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have given a buy rating to the stock. Gap, Inc. (The) presently has an average rating of Hold and an average price target of $27.74.
Shares of Gap, Inc. (NYSE GPS) opened at $29.64 on Wednesday. The company has a market capitalization of $11,342.96, a P/E ratio of 14.37, a PEG ratio of 1.74 and a beta of 0.86. Gap, Inc. has a 52 week low of $21.02 and a 52 week high of $30.14. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.41.
Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. Gap, Inc. (The) had a return on equity of 27.47% and a net margin of 5.57%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. equities research analysts predict that Gap, Inc. will post 2.1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.10%. The ex-dividend date is Tuesday, January 2nd. Gap, Inc. (The)’s dividend payout ratio (DPR) is 42.40%.
In other Gap, Inc. (The) news, CEO Sonia Syngal sold 1,935 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $25.79, for a total transaction of $49,903.65. Following the completion of the transaction, the chief executive officer now directly owns 39,656 shares of the company’s stock, valued at $1,022,728.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeff Kirwan sold 1,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $29.38, for a total value of $29,380.00. Following the transaction, the chief executive officer now directly owns 25,268 shares of the company’s stock, valued at $742,373.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 672,426 shares of company stock valued at $18,813,667. 27.30% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ffcm LLC grew its holdings in Gap, Inc. (The) by 198.0% during the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after purchasing an additional 3,519 shares during the period. James Investment Research Inc. bought a new position in Gap, Inc. (The) during the second quarter valued at $144,000. Howe & Rusling Inc. bought a new position in Gap, Inc. (The) during the third quarter valued at $190,000. AE Wealth Management LLC bought a new position in Gap, Inc. (The) during the third quarter valued at $223,000. Finally, Paragon Capital Management Ltd bought a new position in Gap, Inc. (The) during the second quarter valued at $229,000. 57.67% of the stock is owned by institutional investors and hedge funds.
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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.
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