GAP (NYSE:GPS)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a research report issued on Thursday.

GPS has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Monday, September 11th. ValuEngine lowered shares of GAP from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Citigroup upgraded shares of GAP from a “sell” rating to a “neutral” rating and raised their price objective for the company from $22.00 to $24.00 in a research report on Friday, September 1st. Royal Bank of Canada raised their price objective on shares of GAP from $26.00 to $28.00 and gave the company a “sector perform” rating in a research report on Friday, November 17th. Finally, Instinet restated a “neutral” rating and issued a $25.00 price objective on shares of GAP in a research report on Sunday, August 20th. Four equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $27.94.

Shares of GAP (NYSE GPS) traded up $0.38 during trading hours on Thursday, reaching $33.56. 7,148,000 shares of the company’s stock were exchanged, compared to its average volume of 5,981,493. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.77. The company has a market capitalization of $13,050.04, a price-to-earnings ratio of 16.53, a PEG ratio of 2.00 and a beta of 0.95. GAP has a 12-month low of $21.02 and a 12-month high of $34.41.

GAP (NYSE:GPS) last issued its earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.76 billion. GAP had a net margin of 5.57% and a return on equity of 27.47%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. sell-side analysts expect that GAP will post 2.1 EPS for the current year.

In other GAP news, VP Dara Bazzano sold 1,593 shares of GAP stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.04, for a total transaction of $47,853.72. Following the transaction, the vice president now directly owns 2,866 shares of the company’s stock, valued at $86,094.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Sydney Fisher sold 666,849 shares of GAP stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total transaction of $18,665,103.51. Following the transaction, the director now directly owns 12,237,873 shares in the company, valued at $342,538,065.27. The disclosure for this sale can be found here. Insiders sold 2,212,077 shares of company stock worth $67,302,126 over the last ninety days. 27.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of GPS. Prudential Financial Inc. increased its stake in shares of GAP by 202.2% in the second quarter. Prudential Financial Inc. now owns 3,801,842 shares of the apparel retailer’s stock worth $83,603,000 after buying an additional 2,543,850 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in GAP by 305.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,624,032 shares of the apparel retailer’s stock valued at $77,488,000 after acquiring an additional 1,976,200 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in GAP by 10.6% in the third quarter. Bank of New York Mellon Corp now owns 10,710,283 shares of the apparel retailer’s stock valued at $316,275,000 after acquiring an additional 1,030,160 shares in the last quarter. APG Asset Management N.V. boosted its holdings in GAP by 27.7% in the third quarter. APG Asset Management N.V. now owns 4,652,508 shares of the apparel retailer’s stock valued at $137,389,000 after acquiring an additional 1,009,400 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in GAP by 2.8% in the second quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock valued at $522,127,000 after acquiring an additional 643,396 shares in the last quarter. 54.78% of the stock is currently owned by institutional investors.

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GAP 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.

Analyst Recommendations for GAP (NYSE:GPS)

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