Gap Inc (GPS) Given Average Recommendation of “Hold” by Brokerages

Shares of Gap Inc (NYSE:GPS) have been assigned an average recommendation of “Hold” from the thirty analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $32.71.

A number of equities research analysts recently issued reports on the stock. Citigroup raised shares of GAP from a “sell” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Monday, August 27th. They noted that the move was a valuation call. Wedbush set a $25.00 price objective on shares of GAP and gave the company a “neutral” rating in a report on Thursday, October 11th. Zacks Investment Research lowered shares of GAP from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. JPMorgan Chase & Co. lowered shares of GAP from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $30.00 to $24.00 in a report on Thursday, October 18th. Finally, ValuEngine lowered shares of GAP from a “hold” rating to a “sell” rating in a report on Thursday.

Shares of GPS opened at $27.91 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.96 and a debt-to-equity ratio of 0.37. GAP has a 12-month low of $25.27 and a 12-month high of $35.68. The stock has a market capitalization of $10.74 billion, a P/E ratio of 13.10, a PEG ratio of 1.20 and a beta of 0.71.

GAP (NYSE:GPS) last announced its quarterly earnings data on Thursday, August 23rd. The apparel retailer reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.04. GAP had a net margin of 5.43% and a return on equity of 29.25%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. GAP’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that GAP will post 2.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th were given a dividend of $0.2425 per share. The ex-dividend date of this dividend was Tuesday, October 9th. This represents a $0.97 annualized dividend and a dividend yield of 3.48%. GAP’s dividend payout ratio is presently 45.54%.

Several institutional investors and hedge funds have recently modified their holdings of the company. IFM Investors Pty Ltd lifted its position in shares of GAP by 16.4% during the second quarter. IFM Investors Pty Ltd now owns 12,571 shares of the apparel retailer’s stock worth $407,000 after purchasing an additional 1,769 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of GAP by 28.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,928 shares of the apparel retailer’s stock worth $246,000 after purchasing an additional 1,772 shares in the last quarter. LPL Financial LLC lifted its position in shares of GAP by 15.0% during the first quarter. LPL Financial LLC now owns 13,647 shares of the apparel retailer’s stock worth $426,000 after purchasing an additional 1,783 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of GAP by 5.6% during the second quarter. CIBC Asset Management Inc now owns 33,709 shares of the apparel retailer’s stock worth $1,092,000 after purchasing an additional 1,784 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of GAP by 2.7% during the second quarter. State of Alaska Department of Revenue now owns 69,970 shares of the apparel retailer’s stock worth $2,264,000 after purchasing an additional 1,830 shares in the last quarter. 58.10% of the stock is currently owned by institutional investors and hedge funds.

GAP Company Profile

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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Analyst Recommendations for GAP (NYSE:GPS)

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