Gap Inc. (GPS) Earns “Buy” Rating from Jefferies Group
Gap Inc. (NYSE:GPS)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group in a research report issued on Monday. They presently have a $32.00 target price on the apparel retailer’s stock. Jefferies Group’s price target suggests a potential upside of 20.98% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. Cowen and Company reaffirmed a “hold” rating on shares of Gap in a research note on Saturday, July 9th. Guggenheim reaffirmed a “hold” rating on shares of Gap in a research note on Saturday, July 9th. MKM Partners reaffirmed a “hold” rating and set a $21.00 price target on shares of Gap in a research note on Saturday, July 9th. Wedbush reaffirmed a “hold” rating on shares of Gap in a research note on Saturday, July 9th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Gap in a research note on Saturday, July 9th. Six investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $25.29.
Gap (NYSE:GPS) traded down 0.83% during trading on Monday, hitting $26.23. 1,664,551 shares of the stock traded hands. Gap has a 52-week low of $17.00 and a 52-week high of $30.49. The stock has a market cap of $10.45 billion, a P/E ratio of 14.78 and a beta of 1.28. The company’s 50 day moving average price is $23.85 and its 200-day moving average price is $23.00.
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Gap (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. The company earned $3.85 billion during the quarter, compared to the consensus estimate of $3.79 billion. Gap had a net margin of 4.60% and a return on equity of 33.26%. Gap’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. Equities research analysts forecast that Gap will post ($0.01) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, October 3rd. Gap’s dividend payout ratio is currently 51.98%.
Several large investors have recently modified their holdings of GPS. Blair William & Co. IL boosted its stake in shares of Gap by 0.5% in the second quarter. Blair William & Co. IL now owns 18,164 shares of the apparel retailer’s stock valued at $385,000 after buying an additional 84 shares during the period. Cypress Capital Group boosted its stake in shares of Gap by 0.9% in the first quarter. Cypress Capital Group now owns 16,426 shares of the apparel retailer’s stock valued at $482,000 after buying an additional 148 shares during the period. Charter Trust Co. boosted its stake in shares of Gap by 1.6% in the second quarter. Charter Trust Co. now owns 11,374 shares of the apparel retailer’s stock valued at $241,000 after buying an additional 175 shares during the period. Advantus Capital Management Inc boosted its stake in shares of Gap by 1.4% in the second quarter. Advantus Capital Management Inc now owns 21,945 shares of the apparel retailer’s stock valued at $466,000 after buying an additional 305 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Gap by 1.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,365 shares of the apparel retailer’s stock valued at $432,000 after buying an additional 320 shares during the period. Institutional investors and hedge funds own 57.42% of the company’s stock.
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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