Jefferies Group LLC Reiterates Buy Rating for Gap, Inc. (The) (GPS)

Gap, Inc. (The) (NYSE:GPS)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group LLC in a research note issued on Thursday. They presently have a $39.00 target price on the apparel retailer’s stock, up from their prior target price of $35.00. Jefferies Group LLC’s price target would indicate a potential upside of 50.35% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. ValuEngine upgraded Gap, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Citigroup Inc. upgraded Gap, Inc. (The) from a “sell” rating to a “neutral” rating and increased their price target for the stock from $22.00 to $24.00 in a report on Friday, September 1st. Zacks Investment Research cut Gap, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Robert W. Baird restated a “neutral” rating and set a $26.00 price target on shares of Gap, Inc. (The) in a report on Sunday, August 20th. Finally, Instinet restated a “neutral” rating and set a $25.00 price target on shares of Gap, Inc. (The) in a report on Sunday, August 20th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.86.

Shares of Gap, Inc. (NYSE GPS) traded up 6.342% during mid-day trading on Thursday, reaching $27.585. 11,568,221 shares of the company’s stock traded hands. The company has a 50 day moving average of $23.67 and a 200 day moving average of $23.71. Gap, Inc. has a 12 month low of $21.02 and a 12 month high of $30.74. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 13.142 and a beta of 0.82.

Gap, Inc. (The) (NYSE:GPS) last announced its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Analysts expect that Gap, Inc. will post $2.06 earnings per share for the current fiscal year.

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In other Gap, Inc. (The) news, CEO Sonia Syngal sold 1,935 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $25.79, for a total value of $49,903.65. Following the completion of the transaction, the chief executive officer now owns 39,656 shares in the company, valued at approximately $1,022,728.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul Joseph Chapman sold 4,898 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total value of $111,772.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,833 shares of company stock valued at $231,606. 27.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Gap, Inc. (The) by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock worth $522,127,000 after purchasing an additional 643,396 shares during the period. BlackRock Inc. boosted its stake in Gap, Inc. (The) by 1.5% in the 2nd quarter. BlackRock Inc. now owns 23,076,989 shares of the apparel retailer’s stock worth $507,464,000 after purchasing an additional 338,876 shares during the period. American International Group Inc. boosted its stake in Gap, Inc. (The) by 1.2% in the 1st quarter. American International Group Inc. now owns 16,667,815 shares of the apparel retailer’s stock worth $404,861,000 after purchasing an additional 201,177 shares during the period. Bank of New York Mellon Corp boosted its stake in Gap, Inc. (The) by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,680,123 shares of the apparel retailer’s stock worth $212,867,000 after purchasing an additional 57,609 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Gap, Inc. (The) by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 5,617,494 shares of the apparel retailer’s stock worth $123,529,000 after purchasing an additional 15,504 shares during the period. Institutional investors and hedge funds own 56.21% 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.

Analyst Recommendations for Gap, Inc. (The) (NYSE:GPS)

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