GAP (NYSE:GAP) Cut to “Hold” at Barclays

GAP (NYSE:GAP) was downgraded by stock analysts at Barclays from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on GAP. The Goldman Sachs Group decreased their price objective on GAP from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Jefferies Financial Group cut their target price on GAP from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, May 29th. BTIG Research set a $26.00 target price on GAP in a research report on Thursday, July 30th. Morgan Stanley reiterated an “equal weight” rating and set a $21.00 price target on shares of GAP in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $27.00 price target (down from $35.00) on shares of GAP in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.14.

GAP Stock Down 2.3%

Shares of GAP opened at $21.03 on Tuesday. The company has a 50-day simple moving average of $20.30 and a 200-day simple moving average of $23.51. The firm has a market capitalization of $7.57 billion, a P/E ratio of 8.28, a P/E/G ratio of 1.27 and a beta of 2.05. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.81. GAP has a 52 week low of $18.11 and a 52 week high of $29.36.

GAP (NYSE:GAP) last released its earnings results on Thursday, May 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). GAP had a return on equity of 21.13% and a net margin of 6.25%.The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period last year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. On average, equities research analysts expect that GAP will post 2.34 earnings per share for the current year.

Hedge Funds Weigh In On GAP

Hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new stake in GAP in the 4th quarter valued at $26,000. Plato Investment Management Ltd acquired a new position in GAP during the fourth quarter worth $28,000. Global Retirement Partners LLC acquired a new position in GAP during the second quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of GAP during the second quarter valued at $50,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of GAP by 177.0% during the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company’s stock valued at $153,000 after acquiring an additional 4,483 shares during the period. 58.81% of the stock is owned by institutional investors and hedge funds.

GAP Company Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.