Gap Inc. (GPS) Stock Rating Lowered by Vetr Inc.
Gap Inc. (NYSE:GPS) was downgraded by Vetr from a “strong-buy” rating to a “sell” rating in a research note issued on Monday. They currently have a $25.20 price objective on the apparel retailer’s stock. Vetr‘s price objective points to a potential downside of 4.00% from the company’s current price.
A number of other research analysts have also weighed in on the stock. Jefferies Group set a $32.00 price target on shares of Gap and gave the company a “buy” rating in a research report on Saturday. FBR & Co reissued a “hold” rating and set a $22.00 price target on shares of Gap in a research report on Friday. Bank of America Corp. set a $20.00 price target on shares of Gap and gave the company a “sell” rating in a research report on Thursday. Stifel Nicolaus reissued a “hold” rating on shares of Gap in a research report on Friday. Finally, Deutsche Bank AG raised shares of Gap from a “sell” rating to a “hold” rating and raised their price target for the company from $18.00 to $24.00 in a research report on Friday. Seven analysts have rated the stock with a sell rating, twenty-six have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.09.
Gap (NYSE:GPS) opened at 26.25 on Monday. Gap has a 12 month low of $17.00 and a 12 month high of $30.49. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 14.79 and a beta of 1.28. The firm’s 50 day moving average is $23.88 and its 200-day moving average is $23.05.
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Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm earned $3.85 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Gap had a net margin of 4.60% and a return on equity of 33.26%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. On average, equities analysts forecast that Gap will post ($0.01) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, October 3rd. Gap’s payout ratio is presently 51.98%.
Several hedge funds have recently made changes to their positions in GPS. Pacer Advisors Inc. increased its stake in shares of Gap by 11.7% in the second quarter. Pacer Advisors Inc. now owns 5,777 shares of the apparel retailer’s stock worth $123,000 after buying an additional 606 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Gap by 22.1% in the second quarter. Advisory Services Network LLC now owns 5,869 shares of the apparel retailer’s stock worth $125,000 after buying an additional 1,062 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in shares of Gap during the second quarter worth about $139,000. Beddow Capital Management Inc. bought a new stake in shares of Gap during the first quarter worth about $226,000. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Gap during the first quarter worth about $287,000. 57.42% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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