Gap Inc (GPS) Receives $31.23 Consensus Price Target from Brokerages

Gap Inc (NYSE:GPS) has earned an average recommendation of “Hold” from the twenty-eight ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $31.23.

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of GAP from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, August 24th. MKM Partners decreased their price objective on shares of GAP to $30.00 and set a “neutral” rating for the company in a report on Wednesday, November 28th. Barclays reiterated a “buy” rating and issued a $33.00 price objective on shares of GAP in a report on Thursday, November 22nd. B. Riley decreased their price objective on shares of GAP from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, November 21st. Finally, Wedbush started coverage on shares of GAP in a report on Friday, August 10th. They issued a “neutral” rating and a $32.00 price objective for the company.

Shares of GAP stock traded down $1.26 on Friday, hitting $26.92. The company had a trading volume of 10,187,980 shares, compared to its average volume of 4,590,068. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 0.85. The stock has a market capitalization of $10.50 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.22 and a beta of 0.67. GAP has a 52 week low of $24.25 and a 52 week high of $35.68.

GAP (NYSE:GPS) last posted its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4 billion. GAP had a net margin of 5.57% and a return on equity of 29.45%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. On average, analysts forecast that GAP will post 2.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 30th. Investors of record on Wednesday, January 9th will be paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 3.60%. The ex-dividend date is Tuesday, January 8th. GAP’s dividend payout ratio is presently 45.54%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of GAP in the 3rd quarter valued at approximately $111,000. CSat Investment Advisory L.P. purchased a new stake in shares of GAP in the 2nd quarter valued at approximately $148,000. Cornerstone Wealth Management LLC purchased a new stake in shares of GAP in the 3rd quarter valued at approximately $204,000. Titus Wealth Management purchased a new stake in shares of GAP in the 2nd quarter valued at approximately $201,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of GAP in the 2nd quarter valued at approximately $202,000. 56.60% of the stock is owned by institutional investors and hedge funds.

About GAP

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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