Gap Inc. (GPS) Rating Increased to Hold at Vetr Inc.
Gap Inc. (NYSE:GPS) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a research note issued on Monday. The firm presently has a $25.65 price target on the apparel retailer’s stock. Vetr‘s target price indicates a potential downside of 3.02% from the stock’s current price.
GPS has been the topic of a number of other research reports. Telsey Advisory Group dropped their price target on shares of Gap from $32.00 to $23.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 10th. KeyCorp raised shares of Gap from a “sector weight” rating to an “overweight” rating and set a $36.00 price target on the stock in a research report on Monday, April 4th. MKM Partners dropped their price target on shares of Gap from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, April 8th. Deutsche Bank AG began coverage on shares of Gap in a research report on Tuesday, April 26th. They issued a “sell” rating and a $21.00 price target on the stock. Finally, Bank of America Corp. restated a “sell” rating on shares of Gap in a research note on Friday, May 20th. Six research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and five have issued a buy rating to the company. Gap currently has an average rating of “Hold” and a consensus price target of $25.29.
Shares of Gap (NYSE:GPS) traded down 0.34% during mid-day trading on Monday, hitting $26.45. 2,760,572 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $23.85 and a 200-day moving average price of $23.00. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 14.90 and a beta of 1.28. Gap has a 52 week low of $17.00 and a 52 week high of $30.49.
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Gap (NYSE:GPS) last released its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, beating the Zacks’ 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 company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Gap will post ($0.01) EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Monday, October 3rd. Gap’s dividend payout ratio (DPR) is presently 51.98%.
A number of large investors have recently bought and sold shares of GPS. Pacer Advisors Inc. boosted its stake in 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 period. Advisory Services Network LLC boosted its stake in 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 period. Americafirst Capital Management LLC acquired a new stake in Gap during the second quarter worth $139,000. Sigma Planning Corp acquired a new stake in Gap during the second quarter worth $216,000. Finally, Beddow Capital Management Inc. acquired a new stake in Gap during the first quarter worth $226,000. 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.
To view Vetr’s full report, visit Vetr’s official website.
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