Gap, Inc. (The) (GPS) Receives Average Recommendation of “Hold” from Brokerages
Shares of Gap, Inc. (The) (NYSE:GPS) have received an average recommendation of “Hold” from the thirty-two analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $26.19.
Several research firms have issued reports on GPS. TheStreet downgraded Gap, Inc. (The) from a “b-” rating to a “c” rating in a report on Thursday, May 18th. Vetr downgraded Gap, Inc. (The) from a “buy” rating to a “hold” rating and set a $24.84 price objective on the stock. in a report on Thursday, April 20th. Jefferies Group LLC restated a “buy” rating and set a $34.00 price objective on shares of Gap, Inc. (The) in a report on Tuesday, March 28th. BMO Capital Markets set a $28.00 price objective on Gap, Inc. (The) and gave the stock a “hold” rating in a report on Thursday, May 18th. Finally, Oppenheimer Holdings, Inc. upgraded Gap, Inc. (The) from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $24.00 to $28.00 in a report on Sunday, June 4th.
Shares of Gap, Inc. (NYSE:GPS) traded down 0.613% during trading on Friday, reaching $21.885. The company had a trading volume of 1,666,317 shares. The firm has a 50-day moving average price of $23.65 and a 200-day moving average price of $24.01. Gap, Inc. has a 52-week low of $19.33 and a 52-week high of $30.74. The company has a market capitalization of $8.66 billion, a P/E ratio of 12.650 and a beta of 0.86. Gap, Inc. (The) also was the target of some unusual options trading on Tuesday. Investors bought 1,228 call options on the stock. This represents an increase of 140% compared to the average volume of 512 call options.
Gap, Inc. (The) (NYSE:GPS) last announced its earnings results on Thursday, May 18th. The apparel retailer reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.39 billion. Gap, Inc. (The) had a return on equity of 29.75% and a net margin of 4.46%. The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. On average, analysts predict that Gap, Inc. will post $2.00 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Friday, June 30th. Gap, Inc. (The)’s dividend payout ratio is presently 53.18%.
In other news, Director Robert J. Fisher sold 500,000 shares of the business’s stock in a transaction on Friday, March 31st. The stock was sold at an average price of $24.58, for a total value of $12,290,000.00. Following the sale, the director now owns 8,867,728 shares of the company’s stock, valued at approximately $217,968,754.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeff Kirwan sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $24.88, for a total value of $124,400.00. Following the completion of the sale, the chief executive officer now directly owns 29,548 shares in the company, valued at approximately $735,154.24. The disclosure for this sale can be found here. Insiders sold a total of 506,000 shares of company stock worth $12,436,940 in the last three months. Company insiders own 27.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in Gap, Inc. (The) during the first quarter worth approximately $127,000. Penserra Capital Management LLC increased its stake in Gap, Inc. (The) by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,980 shares of the apparel retailer’s stock worth $145,000 after buying an additional 520 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in Gap, Inc. (The) during the first quarter worth approximately $211,000. Foster & Motley Inc. purchased a new stake in Gap, Inc. (The) during the first quarter worth approximately $217,000. Finally, Pacer Advisors Inc. increased its stake in Gap, Inc. (The) by 67.8% in the first quarter. Pacer Advisors Inc. now owns 9,581 shares of the apparel retailer’s stock worth $233,000 after buying an additional 3,872 shares in the last quarter. 57.27% of the stock is currently owned by institutional investors.
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About Gap, Inc. (The)
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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