Gap, Inc. (The) (NYSE:GPS) Stock Rating Upgraded by BidaskClub
Gap, Inc. (The) (NYSE:GPS) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Sunday.
A number of other research analysts also recently issued reports on GPS. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $27.00 price target (up previously from $26.00) on shares of Gap, Inc. (The) in a research note on Friday. BMO Capital Markets set a $23.00 price target on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Thursday, July 6th. Vetr upgraded shares of Gap, Inc. (The) from a “sell” rating to a “hold” rating and set a $24.84 price target for the company in a research note on Monday, May 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $26.00 price target on shares of Gap, Inc. (The) in a research note on Tuesday, April 18th. Finally, FBR & Co set a $28.00 price target on shares of Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Friday, May 19th. Four analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.78.
Shares of Gap, Inc. (GPS) traded up 2.19% during midday trading on Friday, hitting $23.28. 10,244,777 shares of the stock traded hands. The stock has a 50-day moving average of $22.83 and a 200-day moving average of $23.85. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 13.46 and a beta of 0.86. Gap, Inc. has a 52-week low of $21.02 and a 52-week high of $30.74. Gap, Inc. (The) also saw unusually large options trading activity on Thursday. Stock investors purchased 22,770 call options on the company. This represents an increase of approximately 607% compared to the average daily volume of 3,222 call options.
Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Gap, Inc. (The) had a net margin of 4.46% and a return on equity of 29.75%. The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts predict that Gap, Inc. will post $2.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 3.95%. Gap, Inc. (The)’s dividend payout ratio (DPR) is 53.18%.
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In other Gap, Inc. (The) news, CEO Jeff Kirwan sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $24.88, for a total value of $124,400.00. Following the transaction, the chief executive officer now directly owns 29,548 shares in the company, valued at approximately $735,154.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 7,000 shares of company stock worth $169,120. 27.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in GPS. Ameritas Investment Partners Inc. bought a new position in shares of Gap, Inc. (The) during the first quarter valued at $127,000. James Investment Research Inc. bought a new position in shares of Gap, Inc. (The) during the second quarter valued at $144,000. Penserra Capital Management LLC raised its position in shares of 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 valued at $145,000 after buying an additional 520 shares during the last quarter. Yorktown Management & Research Co Inc bought a new position in shares of Gap, Inc. (The) during the first quarter valued at $211,000. Finally, Foster & Motley Inc. bought a new position in shares of Gap, Inc. (The) during the first quarter valued at $217,000. Institutional investors and hedge funds own 56.61% of the company’s stock.
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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