Shares of Gap Inc (NYSE:GPS) have received an average rating of “Hold” from the thirty-four analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, twenty-three have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $28.27.

GPS has been the subject of several research analyst reports. Telsey Advisory Group increased their target price on GAP from $27.00 to $31.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 19th. Royal Bank of Canada reiterated a “hold” rating and set a $26.00 target price on shares of GAP in a research report on Monday, September 18th. KeyCorp reiterated an “overweight” rating on shares of GAP in a research report on Friday, November 17th. Canaccord Genuity reiterated a “buy” rating on shares of GAP in a research report on Thursday, December 14th. Finally, Zacks Investment Research cut GAP from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th.

In other news, EVP Julie Gruber sold 5,462 shares of GAP stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $35.00, for a total value of $191,170.00. Following the completion of the transaction, the executive vice president now owns 11,988 shares in the company, valued at approximately $419,580. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeff Kirwan sold 1,000 shares of GAP stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $26.11, for a total value of $26,110.00. Following the completion of the transaction, the chief executive officer now owns 24,268 shares of the company’s stock, valued at approximately $633,637.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,549,690 shares of company stock valued at $48,798,813. Company insiders own 27.30% of the company’s stock.

Several hedge funds have recently modified their holdings of GPS. Howe & Rusling Inc. bought a new stake in shares of GAP during the 3rd quarter worth approximately $190,000. AE Wealth Management LLC bought a new stake in shares of GAP during the 3rd quarter worth approximately $223,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of GAP during the 3rd quarter worth approximately $229,000. LMR Partners LLP bought a new stake in shares of GAP during the 3rd quarter worth approximately $231,000. Finally, Bridges Investment Management Inc. bought a new stake in shares of GAP during the 3rd quarter worth approximately $236,000. 54.63% of the stock is owned by hedge funds and other institutional investors.

GAP (NYSE GPS) opened at $32.30 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.77. GAP has a 12 month low of $21.02 and a 12 month high of $35.24. The company has a market capitalization of $12,560.00, a PE ratio of 14.82, a PEG ratio of 1.94 and a beta of 0.94.

GAP (NYSE:GPS) last posted its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. GAP had a return on equity of 27.47% and a net margin of 5.57%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. research analysts expect that GAP will post 2.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, January 2nd. GAP’s dividend payout ratio (DPR) is 42.20%.

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About GAP

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.

Analyst Recommendations for GAP (NYSE:GPS)

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