The Gap Receives Consensus Rating of “Hold” from Analysts (NYSE:GPS)
Shares of The Gap (NYSE:GPS) have received a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the company, AnalystRatings.Net reports. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $41.24.
In other The Gap news, EVP John T. Keiser sold 25,000 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $42.50, for a total value of $1,062,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of The Gap (NYSE:GPS) opened at 42.04 on Friday. The Gap has a 52-week low of $36.13 and a 52-week high of $44.59. The stock’s 50-day moving average is $40.81 and its 200-day moving average is $40.85. The company has a market cap of $18.528 billion and a P/E ratio of 16.05.
The Gap (NYSE:GPS) last announced its earnings results on Thursday, May 22nd. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.01. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was down 99.9% on a year-over-year basis. Analysts expect that The Gap will post $2.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 29th. Investors of record on Wednesday, October 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, October 6th.
A number of analysts have recently weighed in on GPS shares. Analysts at Credit Suisse initiated coverage on shares of The Gap in a research note on Monday, August 11th. They set a “neutral” rating and a $44.00 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of The Gap from $51.00 to $50.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee cut their price target on shares of The Gap from $47.00 to $46.00 in a research note on Friday, July 11th.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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