Investment analysts at Credit Suisse Group began coverage on shares of GAP (NYSE:GPS) in a research report issued on Monday, The Fly reports. The brokerage set a “neutral” rating on the apparel retailer’s stock.
Other research analysts have also issued reports about the company. Oppenheimer raised their price target on GAP from $30.00 to $33.00 in a research report on Friday. TheStreet upgraded GAP from a “c+” rating to a “b” rating in a research report on Thursday, March 1st. KeyCorp set a $35.00 price target on GAP and gave the stock a “buy” rating in a research report on Thursday, November 16th. Jefferies Group set a $41.00 price target on GAP and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, Canaccord Genuity restated a “buy” rating on shares of GAP in a research report on Thursday, December 14th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. GAP has an average rating of “Hold” and an average target price of $31.80.
GAP (NYSE GPS) traded down $0.83 on Monday, hitting $32.24. The stock had a trading volume of 5,434,841 shares, compared to its average volume of 5,267,066. GAP has a 1-year low of $21.02 and a 1-year high of $35.68. The stock has a market capitalization of $12,864.23, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.58 and a beta of 0.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.04 and a current ratio of 1.86.
In other news, CEO Sonia Syngal sold 28,846 shares of GAP stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $33.10, for a total transaction of $954,802.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Brent Hyder sold 5,839 shares of GAP stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.04, for a total value of $192,920.56. The disclosure for this sale can be found here. Insiders have sold a total of 646,033 shares of company stock valued at $22,126,526 over the last ninety days. 27.30% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of GPS. Raymond James Financial Services Advisors Inc. increased its position in shares of GAP by 19.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 60,077 shares of the apparel retailer’s stock worth $1,774,000 after purchasing an additional 9,732 shares in the last quarter. Victory Capital Management Inc. increased its position in GAP by 23.9% in the 3rd quarter. Victory Capital Management Inc. now owns 188,940 shares of the apparel retailer’s stock valued at $5,579,000 after acquiring an additional 36,448 shares during the period. Principal Financial Group Inc. increased its position in GAP by 50.6% in the 3rd quarter. Principal Financial Group Inc. now owns 542,113 shares of the apparel retailer’s stock valued at $16,008,000 after acquiring an additional 182,208 shares during the period. Swiss National Bank increased its position in GAP by 0.3% in the 3rd quarter. Swiss National Bank now owns 874,931 shares of the apparel retailer’s stock valued at $25,837,000 after acquiring an additional 3,000 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its position in GAP by 451.4% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 171,674 shares of the apparel retailer’s stock valued at $5,070,000 after acquiring an additional 140,541 shares during the period. Institutional investors and hedge funds own 58.72% of the company’s stock.
GAP Company Profile
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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