Gap, Inc. (The) (NYSE:GPS) has been assigned a $26.00 target price by equities research analysts at Royal Bank Of Canada in a note issued to investors on Monday. The firm presently has a “hold” rating on the apparel retailer’s stock. Royal Bank Of Canada’s price target would suggest a potential downside of 0.31% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the company. Oppenheimer Holdings, Inc. set a $33.00 target price on Gap, Inc. (The) and gave the stock a “buy” rating in a research report on Monday. Zacks Investment Research cut Gap, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Robert W. Baird set a $26.00 target price on Gap, Inc. (The) and gave the stock a “hold” rating in a research report on Sunday, October 1st. KeyCorp reaffirmed a “buy” rating and set a $33.00 target price on shares of Gap, Inc. (The) in a research report on Tuesday, September 26th. Finally, Barclays PLC began coverage on Gap, Inc. (The) in a research report on Tuesday, September 19th. They set an “overweight” rating and a $32.00 target price for the company. Three research 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. The company has an average rating of “Hold” and an average target price of $26.79.
Shares of Gap, Inc. (GPS) opened at 26.08 on Monday. The stock’s 50 day moving average is $27.97 and its 200-day moving average is $24.75. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 12.42 and a beta of 0.87. Gap, Inc. has a 1-year low of $21.02 and a 1-year high of $30.74.
Gap, Inc. (The) (NYSE:GPS) last announced its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, analysts anticipate that Gap, Inc. will post $2.06 EPS for the current year.
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In other news, EVP Paul Joseph Chapman sold 4,898 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total transaction of $111,772.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sonia Syngal sold 1,935 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $25.79, for a total value of $49,903.65. Following the sale, the chief executive officer now owns 39,656 shares in the company, valued at approximately $1,022,728.24. The disclosure for this sale can be found here. Insiders have sold 675,682 shares of company stock worth $18,880,070 in the last 90 days. Company insiders own 27.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Ffcm LLC grew its holdings in shares of Gap, Inc. (The) by 198.0% during the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock worth $121,000 after purchasing an additional 3,519 shares during the last quarter. Howe & Rusling Inc. bought a new stake in shares of Gap, Inc. (The) during the third quarter worth $190,000. James Investment Research Inc. bought a new stake in shares of Gap, Inc. (The) during the second quarter worth $144,000. Bridges Investment Management Inc. bought a new stake in shares of Gap, Inc. (The) during the third quarter worth $236,000. Finally, Paragon Capital Management Ltd bought a new stake in shares of Gap, Inc. (The) during the second quarter worth $229,000. Institutional investors own 56.39% of the company’s stock.
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.
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