Gap Inc. (NYSE:GPS) shares were down 2.3% on Tuesday . The company traded as low as $22.49 and last traded at $22.64, with a volume of 3,705,210 shares. The stock had previously closed at $23.18.

A number of research analysts have weighed in on GPS shares. JPMorgan Chase & Co. reissued a “sell” rating and set a $22.00 price target on shares of Gap in a research note on Friday, August 19th. RBC Capital Markets set a $23.00 price target on Gap and gave the stock a “hold” rating in a research note on Tuesday, September 13th. Vetr raised Gap from a “buy” rating to a “strong-buy” rating and set a $27.90 price target on the stock in a research note on Wednesday, August 31st. Nomura increased their price target on Gap from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, August 19th. Finally, Oppenheimer Holdings Inc. reissued a “” rating and set a $20.00 price target on shares of Gap in a research note on Monday, August 22nd. Seven equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Gap currently has an average rating of “Hold” and an average target price of $24.94.

The stock has a market cap of $9.00 billion, a PE ratio of 12.73 and a beta of 1.17. The firm has a 50-day moving average of $24.88 and a 200-day moving average of $23.68.

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Gap (NYSE:GPS) last released its earnings results on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. Gap had a net margin of 4.60% and a return on equity of 33.26%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the firm earned $0.64 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Gap Inc. will post ($0.01) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.07%. The ex-dividend date is Monday, October 3rd. Gap’s dividend payout ratio is currently 51.98%.

A number of institutional investors have recently added to or reduced their stakes in GPS. Vanguard Group Inc. raised its position in Gap by 2.3% in the second quarter. Vanguard Group Inc. now owns 20,061,541 shares of the apparel retailer’s stock valued at $425,706,000 after buying an additional 444,555 shares in the last quarter. American International Group Inc. raised its stake in shares of Gap by 3.5% in the second quarter. American International Group Inc. now owns 14,381,188 shares of the apparel retailer’s stock valued at $305,169,000 after buying an additional 483,879 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Gap by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 14,135,669 shares of the apparel retailer’s stock valued at $299,958,000 after buying an additional 251,964 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Gap by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 13,531,075 shares of the apparel retailer’s stock valued at $287,129,000 after buying an additional 936,648 shares during the period. Finally, State Street Corp raised its stake in shares of Gap by 1.3% in the first quarter. State Street Corp now owns 10,878,900 shares of the apparel retailer’s stock valued at $319,845,000 after buying an additional 140,396 shares during the period. 57.50% of the stock is currently owned by hedge funds and other institutional investors.

About Gap

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.

5 Day Chart for NYSE:GPS

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