Gap, Inc. (The) (NYSE:GPS) Receives Consensus Recommendation of “Hold” from Analysts

Gap, Inc. (The) (NYSE:GPS) has received an average recommendation of “Hold” from the thirty-two analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $26.01.

A number of research firms have commented on GPS. Wolfe Research restated an “outperform” rating and set a $32.00 price objective on shares of Gap, Inc. (The) in a research note on Friday, April 28th. Jefferies Group LLC set a $34.00 price objective on Gap, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, May 4th. TheStreet upgraded Gap, Inc. (The) from a “c” rating to a “b-” rating in a research note on Thursday, April 20th. Vetr lowered Gap, Inc. (The) from a “buy” rating to a “hold” rating and set a $24.84 price target on the stock. in a research note on Thursday, April 20th. Finally, ValuEngine upgraded Gap, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 17th.

Shares of Gap, Inc. (GPS) opened at 23.15 on Friday. The company has a 50-day moving average price of $23.08 and a 200 day moving average price of $23.72. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 13.38 and a beta of 0.87. Gap, Inc. has a 52 week low of $21.02 and a 52 week high of $30.74.

Gap, Inc. (The) (NYSE:GPS) last posted its quarterly earnings data on Thursday, May 18th. The apparel retailer reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.07. Gap, Inc. (The) had a return on equity of 29.75% and a net margin of 4.46%. The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the company earned $0.32 EPS. The company’s revenue was up .1% on a year-over-year basis. Analysts expect that Gap, Inc. will post $2.00 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio is 53.18%.

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In other news, CEO Jeff Kirwan sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $24.88, for a total value of $124,400.00. Following the transaction, the chief executive officer now directly owns 29,548 shares of the company’s stock, valued at approximately $735,154.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 8,000 shares of company stock worth $192,960 over the last three months. 27.30% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of GPS. Vanguard Group Inc. raised its stake in shares of Gap, Inc. (The) by 2.8% in the second quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock worth $522,127,000 after buying an additional 643,396 shares during the last quarter. BlackRock Inc. raised its stake in shares of Gap, Inc. (The) by 1.5% in the second quarter. BlackRock Inc. now owns 23,076,989 shares of the apparel retailer’s stock worth $507,464,000 after buying an additional 338,876 shares during the last quarter. American International Group Inc. raised its stake in shares of Gap, Inc. (The) by 1.2% in the first quarter. American International Group Inc. now owns 16,667,815 shares of the apparel retailer’s stock worth $404,861,000 after buying an additional 201,177 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Gap, Inc. (The) by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 9,680,123 shares of the apparel retailer’s stock worth $212,867,000 after buying an additional 57,609 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Gap, Inc. (The) by 0.3% in the second quarter. Franklin Resources Inc. now owns 5,617,494 shares of the apparel retailer’s stock worth $123,529,000 after buying an additional 15,504 shares during the last quarter. 56.42% of the stock is owned by institutional investors and hedge funds.

About Gap, Inc. (The)

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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