Gap Inc. (GPS) Receives Neutral Rating from Buckingham Research
Gap Inc. (NYSE:GPS)‘s stock had its “neutral” rating reiterated by investment analysts at Buckingham Research in a research report issued on Monday. They presently have a $23.00 target price on the apparel retailer’s stock. Buckingham Research’s price objective would indicate a potential downside of 12.38% from the company’s current price.
GPS has been the topic of several other research reports. JPMorgan Chase & Co. reissued a “sell” rating and issued a $22.00 target price on shares of Gap in a report on Friday, August 19th. Vetr raised Gap from a “buy” rating to a “strong-buy” rating and set a $27.90 target price on the stock in a report on Wednesday, August 31st. RBC Capital Markets set a $23.00 target price on Gap and gave the company a “hold” rating in a report on Tuesday, September 13th. Nomura upped their target price on Gap from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Friday, August 19th. Finally, Oppenheimer Holdings Inc. reissued a “” rating and issued a $20.00 target price on shares of Gap in a report on Monday, August 22nd. Seven analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.15.
Shares of Gap (NYSE:GPS) opened at 26.25 on Monday. The firm has a market capitalization of $10.46 billion, a P/E ratio of 14.79 and a beta of 1.28. Gap has a 12 month low of $17.00 and a 12 month high of $30.49. The company’s 50 day moving average price is $23.88 and its 200-day moving average price is $23.05.
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Gap (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. Gap had a return on equity of 33.26% and a net margin of 4.60%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. Gap’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts predict that Gap will post ($0.01) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.50%. Gap’s payout ratio is presently 51.98%.
Several institutional investors have recently bought and sold shares of the company. TrimTabs Asset Management acquired a new position in Gap during the third quarter worth approximately $1,788,000. Acropolis Investment Management raised its position in Gap by 11.1% in the fourth quarter. Acropolis Investment Management now owns 66,695 shares of the apparel retailer’s stock worth $1,647,000 after buying an additional 6,670 shares during the last quarter. ING Groep raised its position in Gap by 57.0% in the third quarter. ING Groep now owns 1,558,759 shares of the apparel retailer’s stock worth $44,417,000 after buying an additional 565,694 shares during the last quarter. Transamerica Financial Advisors Inc. raised its position in Gap by 7.0% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 88,019 shares of the apparel retailer’s stock worth $2,175,000 after buying an additional 5,749 shares during the last quarter. Finally, Honeywell International Inc. acquired a new position in Gap during the fourth quarter worth approximately $12,350,000. Institutional investors and hedge funds own 57.42% of the company’s stock.
Gap Company Profile
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.
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