J P Morgan Chase & Co restated their neutral rating on shares of Gap, Inc. (The) (NYSE:GPS) in a report released on Friday morning. They currently have a $27.00 price objective on the apparel retailer’s stock, up from their previous price objective of $26.00.
Several other equities analysts have also recently commented on the company. BMO Capital Markets set a $23.00 target price on Gap, Inc. (The) and gave the company a hold rating in a research note on Thursday, July 6th. BidaskClub cut Gap, Inc. (The) from a hold rating to a sell rating in a research note on Wednesday, June 21st. CIBC upgraded Gap, Inc. (The) from a market perform rating to an outperform rating in a research note on Monday, June 5th. Oppenheimer Holdings, Inc. upgraded Gap, Inc. (The) from a market perform rating to an outperform rating and raised their price objective for the stock from $24.00 to $28.00 in a research note on Sunday, June 4th. Finally, ValuEngine cut Gap, Inc. (The) from a strong-buy rating to a buy rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Gap, Inc. (The) currently has a consensus rating of Hold and a consensus price target of $25.78.
Shares of Gap, Inc. (NYSE GPS) traded up 0.34% during mid-day trading on Friday, hitting $23.36. 4,599,181 shares of the stock traded hands. The stock has a market cap of $9.24 billion, a PE ratio of 13.50 and a beta of 0.86. The stock has a 50-day moving average of $22.83 and a 200 day moving average of $23.85. Gap, Inc. has a one year low of $21.02 and a one year high of $30.74.
Gap, Inc. (The) (NYSE:GPS) last released its earnings results on Thursday, May 18th. The apparel retailer reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.07. The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Gap, Inc. (The) had a return on equity of 29.75% and a net margin of 4.46%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. Equities analysts predict that Gap, Inc. will post $2.00 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be given a $0.23 dividend. The ex-dividend date is Friday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.94%. Gap, Inc. (The)’s dividend payout ratio (DPR) is 53.18%.
In other Gap, Inc. (The) news, CEO Jeff Kirwan sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $24.88, for a total transaction of $124,400.00. Following the completion of the sale, the chief executive officer now directly owns 29,548 shares in the company, valued at approximately $735,154.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 7,000 shares of company stock valued at $169,120 in the last quarter. 27.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in GPS. Ameritas Investment Partners Inc. acquired a new stake in shares of Gap, Inc. (The) during the first quarter worth approximately $127,000. Penserra Capital Management LLC raised its stake in shares of Gap, Inc. (The) by 9.5% in the first quarter. Penserra Capital Management LLC now owns 5,980 shares of the apparel retailer’s stock worth $145,000 after buying an additional 520 shares during the last quarter. James Investment Research Inc. acquired a new stake in shares of Gap, Inc. (The) during the second quarter worth approximately $144,000. Yorktown Management & Research Co Inc acquired a new stake in shares of Gap, Inc. (The) during the first quarter worth approximately $211,000. Finally, Foster & Motley Inc. acquired a new stake in shares of Gap, Inc. (The) during the first quarter worth approximately $217,000. Hedge funds and other institutional investors own 56.65% 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.
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