Gap, Inc. (The) (NYSE:GPS) has been assigned a $35.00 target price by Jefferies Group LLC in a report released on Wednesday. The firm currently has a “buy” rating on the apparel retailer’s stock. Jefferies Group LLC’s price objective indicates a potential upside of 58.59% from the company’s previous close.

Several other research firms have also issued reports on GPS. Wolfe Research reaffirmed an “outperform” rating and set a $32.00 price target on shares of Gap, Inc. (The) in a research report on Friday, April 28th. TheStreet raised shares of Gap, Inc. (The) from a “c” rating to a “b-” rating in a research report on Thursday, April 20th. Vetr lowered shares of Gap, Inc. (The) from a “buy” rating to a “hold” rating and set a $24.84 price target on the stock. in a research report on Thursday, April 20th. ValuEngine raised shares of Gap, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 17th. Finally, 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 report on Tuesday, August 8th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. Gap, Inc. (The) presently has an average rating of “Hold” and an average target price of $25.67.

Gap, Inc. (NYSE:GPS) opened at 22.07 on Wednesday. Gap, Inc. has a one year low of $21.02 and a one year high of $30.74. The company has a market cap of $8.73 billion, a P/E ratio of 12.76 and a beta of 0.87. The company has a 50-day moving average of $23.11 and a 200 day moving average of $23.70.

Gap, Inc. (The) (NYSE:GPS) last posted its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.07. Gap, Inc. (The) had a net margin of 4.46% and a return on equity of 29.75%. The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts predict that Gap, Inc. will post $2.00 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of GPS. BlackRock Inc. increased its position in Gap, Inc. (The) by 4,968.6% in the first quarter. BlackRock Inc. now owns 22,738,113 shares of the apparel retailer’s stock worth $552,308,000 after buying an additional 22,289,507 shares in the last quarter. Prudential Financial Inc. increased its position in Gap, Inc. (The) 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 in the last quarter. Vanguard Group Inc. increased its position in Gap, Inc. (The) by 8.8% in the first quarter. Vanguard Group Inc. now owns 23,100,485 shares of the apparel retailer’s stock worth $561,111,000 after buying an additional 1,876,653 shares in the last quarter. NN Investment Partners Holdings N.V. increased its position in Gap, Inc. (The) by 36.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,605,366 shares of the apparel retailer’s stock worth $57,291,000 after buying an additional 697,881 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Gap, Inc. (The) by 22.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,004,102 shares of the apparel retailer’s stock worth $66,067,000 after buying an additional 545,463 shares in the last quarter. 57.30% of the stock is currently owned by hedge funds and other institutional investors.

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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