Gap, Inc. (The) (GPS) Upgraded at ValuEngine

ValuEngine upgraded shares of Gap, Inc. (The) (NYSE:GPS) from a hold rating to a buy rating in a research report report published on Thursday.

Several other equities analysts have also issued reports on GPS. Royal Bank Of Canada reaffirmed a hold rating and issued a $26.00 price target on shares of Gap, Inc. (The) in a research report on Wednesday, August 9th. BMO Capital Markets set a $23.00 price target on Gap, Inc. (The) and gave the stock a hold rating in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. set a $28.00 price target on Gap, Inc. (The) and gave the stock a buy rating in a research report on Thursday, August 17th. Deutsche Bank AG lifted their price target on Gap, Inc. (The) from $23.00 to $24.00 and gave the stock a hold rating in a research report on Friday, August 18th. Finally, FBR & Co set a $25.00 price target on Gap, Inc. (The) and gave the stock a hold rating in a research report on Tuesday, August 15th. Three research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have issued a buy rating to the company’s stock. Gap, Inc. (The) has an average rating of Hold and an average target price of $25.74.

Shares of Gap, Inc. (NYSE GPS) traded down 0.81% during mid-day trading on Thursday, hitting $25.70. 5,564,567 shares of the stock traded hands. The company has a market capitalization of $10.08 billion, a PE ratio of 12.24 and a beta of 0.82. The company’s 50-day moving average price is $23.68 and its 200 day moving average price is $23.73. Gap, Inc. has a 1-year low of $21.02 and a 1-year high of $30.74.

Gap, Inc. (The) (NYSE:GPS) last posted its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.06. The firm had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. Gap, Inc. (The)’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. Equities research analysts forecast that Gap, Inc. will post $2.06 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.92 annualized dividend and a yield of 3.58%. Gap, Inc. (The)’s payout ratio is 43.81%.

In other Gap, Inc. (The) 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sonia Syngal sold 1,935 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was 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 of the company’s stock, valued at $1,022,728.24. The disclosure for this sale can be found here. Insiders sold a total of 9,833 shares of company stock valued at $231,606 over the last 90 days. 27.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Gap, Inc. (The) by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock worth $522,127,000 after purchasing an additional 643,396 shares during the period. BlackRock Inc. boosted its stake in Gap, Inc. (The) by 1.5% in the 2nd quarter. BlackRock Inc. now owns 23,076,989 shares of the apparel retailer’s stock worth $507,464,000 after purchasing an additional 338,876 shares during the period. American International Group Inc. boosted its stake in Gap, Inc. (The) by 1.2% in the 1st quarter. American International Group Inc. now owns 16,667,815 shares of the apparel retailer’s stock worth $404,861,000 after purchasing an additional 201,177 shares during the period. Bank of New York Mellon Corp boosted its stake in Gap, Inc. (The) by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,680,123 shares of the apparel retailer’s stock worth $212,867,000 after purchasing an additional 57,609 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Gap, Inc. (The) by 0.3% during the 2nd quarter. Franklin Resources Inc. now owns 5,617,494 shares of the apparel retailer’s stock valued at $123,529,000 after acquiring an additional 15,504 shares during the last quarter. Institutional investors and hedge funds own 56.21% of the company’s stock.

Gap, Inc. (The) 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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Analyst Recommendations for Gap, Inc. (The) (NYSE:GPS)

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