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The Gap (NYSE:GPS) was downgraded by stock analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a report issued on Friday.

The Gap (NYSE:GPS) opened at 46.59 on Friday. The Gap has a one year low of $36.13 and a one year high of $46.85. The stock’s 50-day moving average is $42.30 and its 200-day moving average is $41.30. The company has a market cap of $20.220 billion and a P/E ratio of 17.08.

The Gap (NYSE:GPS) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue 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.

A number of other firms have also recently commented on GPS. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of The Gap in a research note on Thursday. Separately, 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. Finally, 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. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The Gap presently has an average rating of “Hold” and an average target price of $41.86.

In other The Gap news, Insider Jack Calhoun sold 93,750 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $45.79, for a total transaction of $4,292,812.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The Gap, Inc (NYSE:GPS),is a global specialty apparel company.

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