Gap, Inc. (The) (GPS) Given a $25.00 Price Target at B. Riley

B. Riley set a $25.00 price target on Gap, Inc. (The) (NYSE:GPS) in a research note released on Friday. The firm currently has a hold rating on the apparel retailer’s stock. B. Riley also issued estimates for Gap, Inc. (The)’s FY2019 earnings at $2.12 EPS.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Gap, Inc. (The) from a buy rating to a hold rating in a research report on Monday, October 23rd. Royal Bank Of Canada restated a hold rating and issued a $26.00 price target on shares of Gap, Inc. (The) in a research report on Monday, September 18th. ValuEngine upgraded shares of Gap, Inc. (The) from a hold rating to a buy rating in a research report on Thursday, September 7th. Citigroup Inc. upgraded shares of Gap, Inc. (The) from a sell rating to a neutral rating and boosted their price objective for the company from $22.00 to $24.00 in a research report on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. set a $33.00 price objective on shares of Gap, Inc. (The) and gave the company a buy rating in a research report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $27.51.

Shares of Gap, Inc. (GPS) traded up $1.92 on Friday, reaching $29.40. 17,814,792 shares of the company traded hands, compared to its average volume of 5,984,135. Gap, Inc. has a 12 month low of $21.02 and a 12 month high of $30.14. The company has a market capitalization of $10,880.00, a PE ratio of 13.04, a PEG ratio of 1.62 and a beta of 0.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.77 and a quick ratio of 0.92.

Gap, Inc. (The) (NYSE:GPS) last announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.50%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. Gap, Inc. (The)’s quarterly revenue was up 1.1% on a year-over-year basis. analysts anticipate that Gap, Inc. will post 2.06 earnings per share for the current year.

WARNING: “Gap, Inc. (The) (GPS) Given a $25.00 Price Target at B. Riley” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.themarketsdaily.com/2017/11/19/gap-inc-the-gps-given-a-25-00-price-target-at-b-riley.html.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.13%. Gap, Inc. (The)’s dividend payout ratio (DPR) is currently 43.81%.

In other news, CEO Jeff Kirwan sold 1,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.38, for a total transaction of $29,380.00. Following the transaction, the chief executive officer now owns 25,268 shares in the company, valued at $742,373.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Joseph Chapman sold 4,898 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $22.82, for a total transaction of $111,772.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 676,682 shares of company stock worth $18,906,180. Corporate insiders own 27.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in Gap, Inc. (The) by 339.7% in the 2nd quarter. Janus Henderson Group PLC now owns 141,919 shares of the apparel retailer’s stock worth $3,121,000 after buying an additional 109,643 shares during the period. Alpha Windward LLC increased its holdings in Gap, Inc. (The) by 1,046.5% in the 3rd quarter. Alpha Windward LLC now owns 22,415 shares of the apparel retailer’s stock worth $662,000 after buying an additional 20,460 shares during the period. Empirical Finance LLC increased its holdings in Gap, Inc. (The) by 82.4% in the 2nd quarter. Empirical Finance LLC now owns 71,149 shares of the apparel retailer’s stock worth $1,565,000 after buying an additional 32,145 shares during the period. Xact Kapitalforvaltning AB increased its holdings in Gap, Inc. (The) by 8.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 29,517 shares of the apparel retailer’s stock worth $649,000 after buying an additional 2,186 shares during the period. Finally, Bridgewater Associates LP increased its holdings in Gap, Inc. (The) by 98.4% in the 2nd quarter. Bridgewater Associates LP now owns 551,572 shares of the apparel retailer’s stock worth $12,129,000 after buying an additional 273,572 shares during the period. Institutional investors own 56.78% 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.

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

Receive News & Ratings for Gap Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gap Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply