A number of other analysts also recently commented on the stock. RBC Capital Markets set a $23.00 price objective on shares of Gap and gave the stock a hold rating in a report on Tuesday, September 13th. Jefferies Group reissued a buy rating on shares of Gap in a report on Monday, September 12th. Wedbush reissued a neutral rating and set a $25.00 price objective on shares of Gap in a report on Sunday, September 4th. Cowen and Company reissued a market perform rating and set a $25.00 price objective on shares of Gap in a report on Sunday, September 4th. Finally, Deutsche Bank AG reaffirmed a sell rating on shares of Gap in a report on Friday, September 2nd. Six investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $25.29.
Shares of Gap (NYSE:GPS) opened at 26.85 on Friday. The stock’s 50 day moving average is $23.85 and its 200-day moving average is $23.00. The firm has a market cap of $10.70 billion, a P/E ratio of 15.13 and a beta of 1.28. Gap has a one year low of $17.00 and a one year high of $30.49.
Gap (NYSE:GPS) last released its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.79 billion. Gap had a net margin of 4.60% and a return on equity of 33.26%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Analysts anticipate that Gap will post ($0.01) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.43%. Gap’s dividend payout ratio (DPR) is 51.98%.
Several institutional investors have recently bought and sold shares of GPS. Pacer Advisors Inc. raised its position in Gap by 11.7% in the second quarter. Pacer Advisors Inc. now owns 5,777 shares of the apparel retailer’s stock valued at $123,000 after buying an additional 606 shares during the period. Advisory Services Network LLC raised its position in Gap by 22.1% in the second quarter. Advisory Services Network LLC now owns 5,869 shares of the apparel retailer’s stock valued at $125,000 after buying an additional 1,062 shares during the period. Americafirst Capital Management LLC acquired a new position in Gap during the second quarter valued at $139,000. Sigma Planning Corp acquired a new position in Gap during the second quarter valued at $216,000. Finally, Beddow Capital Management Inc. acquired a new position in Gap during the first quarter valued at $226,000. Institutional investors own 57.42% of the company’s stock.
Gap 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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