TD Cowen Lowers GAP (NYSE:GAP) Price Target to $23.00

GAP (NYSE:GAP) had its target price lowered by investment analysts at TD Cowen from $26.00 to $23.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 13.62% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group cut their target price on shares of GAP from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, May 29th. BTIG Research set a $26.00 price objective on GAP in a research note on Thursday, July 30th. Evercore set a $20.00 price objective on GAP and gave the company an “in-line” rating in a research note on Friday, May 29th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $21.00 price objective on shares of GAP in a research report on Monday, July 6th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $22.00 target price (down from $26.00) on shares of GAP in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, GAP presently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

GAP Stock Up 0.3%

GAP traded up $0.06 during trading on Tuesday, reaching $20.24. 979,172 shares of the stock were exchanged, compared to its average volume of 7,679,602. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.81. The stock’s 50 day moving average price is $20.22 and its two-hundred day moving average price is $23.32. GAP has a twelve month low of $18.11 and a twelve month high of $29.36. The stock has a market cap of $7.29 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 1.21 and a beta of 2.05.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). GAP had a net margin of 6.25% and a return on equity of 21.13%. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. Equities analysts expect that GAP will post 2.34 EPS for the current year.

Institutional Trading of GAP

A number of institutional investors and hedge funds have recently made changes to their positions in GAP. BlackRock Inc. acquired a new stake in shares of GAP during the 2nd quarter worth approximately $428,824,000. Ameriprise Financial Inc. lifted its stake in GAP by 4.1% during the third quarter. Ameriprise Financial Inc. now owns 4,588,800 shares of the company’s stock worth $98,154,000 after purchasing an additional 180,991 shares during the last quarter. Geode Capital Management LLC lifted its stake in GAP by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 4,291,846 shares of the company’s stock worth $110,750,000 after purchasing an additional 14,141 shares during the last quarter. LSV Asset Management boosted its holdings in shares of GAP by 3.6% in the 4th quarter. LSV Asset Management now owns 3,462,702 shares of the company’s stock valued at $88,645,000 after purchasing an additional 121,001 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of GAP by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company’s stock valued at $81,816,000 after purchasing an additional 368,191 shares in the last quarter. Institutional investors own 58.81% of the company’s stock.

GAP Company Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.