Stifel Nicolaus Reiterates Buy Rating for The Gap (GPS)
In other The Gap news, Insider Jack Calhoun sold 93,750 shares of The Gap stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $45.79, for a total value of $4,292,812.50. The sale was disclosed in a filing with the SEC, which is available at this link.
GPS has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of The Gap from $41.00 to $48.00 in a research note on Tuesday, August 26th. Separately, analysts at Telsey Advisory Group raised their price target on shares of The Gap from $48.00 to $50.00 in a research note on Friday, August 22nd. They now have a “not rated” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of The Gap from $48.00 to $50.00 in a research note on Friday, August 22nd. They now have a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.34.
Shares of The Gap (NYSE:GPS) traded up 0.58% during mid-day trading on Thursday, hitting $46.59. The stock had a trading volume of 3,961,480 shares. The Gap has a one year low of $36.13 and a one year high of $46.76. The stock’s 50-day moving average is $42.10 and its 200-day moving average is $41.26. The company has a market cap of $20.220 billion and a price-to-earnings ratio of 17.08.
The Gap (NYSE:GPS) last announced its earnings results on Thursday, August 21st. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that The Gap will post $2.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 29th. Stockholders of record on Wednesday, October 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Monday, October 6th.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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