Gap, Inc. (The) (GPS) Stock Rating Upgraded by ValuEngine
Gap, Inc. (The) (NYSE:GPS) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.
A number of other equities analysts have also weighed in on GPS. Royal Bank Of Canada reiterated a “hold” rating and set a $26.00 price objective on shares of Gap, Inc. (The) in a research note on Wednesday, August 9th. BMO Capital Markets set a $23.00 price objective on Gap, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 8th. Oppenheimer Holdings, Inc. set a $28.00 price objective on Gap, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, August 17th. Deutsche Bank AG lifted their price objective on Gap, Inc. (The) from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, FBR & Co set a $25.00 price objective on Gap, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.74.
Shares of Gap, Inc. (NYSE GPS) traded down 0.81% during mid-day trading on Thursday, reaching $25.70. The company’s stock had a trading volume of 5,564,567 shares. Gap, Inc. has a 12-month low of $21.02 and a 12-month high of $30.74. The firm’s 50-day moving average price is $23.68 and its 200 day moving average price is $23.73. The firm has a market cap of $10.08 billion, a P/E ratio of 14.86 and a beta of 0.82.
Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The company had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, analysts expect that Gap, Inc. will post $2.06 EPS for the current year.
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In related news, EVP Paul Joseph Chapman sold 4,898 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total value of $111,772.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sonia Syngal sold 1,935 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $25.79, for a total value of $49,903.65. Following the completion of the transaction, the chief executive officer now owns 39,656 shares in the company, valued at $1,022,728.24. The disclosure for this sale can be found here. Insiders sold 9,833 shares of company stock worth $231,606 over the last quarter. 27.30% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ffcm LLC lifted its holdings in Gap, Inc. (The) by 198.0% in the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after acquiring an additional 3,519 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Gap, Inc. (The) in the first quarter valued at approximately $127,000. James Investment Research Inc. acquired a new position in Gap, Inc. (The) in the second quarter valued at approximately $144,000. Penserra Capital Management LLC lifted its holdings 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 valued at $145,000 after acquiring an additional 520 shares during the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new position in Gap, Inc. (The) in the first quarter valued at approximately $211,000. Hedge funds and other institutional investors own 56.21% 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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