Gap, Inc. (The) (GPS) Given a $33.00 Price Target by Oppenheimer Holdings, Inc. Analysts

Gap, Inc. (The) (NYSE:GPS) has been assigned a $33.00 price objective by research analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Oppenheimer Holdings, Inc.’s price target would indicate a potential upside of 26.97% from the stock’s current price.

Other equities analysts have also issued reports about the company. Jefferies Group LLC set a $35.00 target price on Gap, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, August 16th. BidaskClub raised Gap, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $26.00 target price on shares of Gap, Inc. (The) in a research report on Monday, September 18th. Telsey Advisory Group upped their target price on Gap, Inc. (The) from $27.00 to $31.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 19th. Finally, Deutsche Bank AG upped their target price on Gap, Inc. (The) from $23.00 to $24.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seven have issued a buy rating to the company’s stock. Gap, Inc. (The) currently has an average rating of “Hold” and an average target price of $26.79.

Gap, Inc. (GPS) opened at 25.99 on Monday. The stock’s 50 day moving average is $27.97 and its 200 day moving average is $24.75. The company has a market capitalization of $10.19 billion, a PE ratio of 12.38 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 issued its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Gap, Inc. (The)’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts predict that Gap, Inc. will post $2.06 EPS for the current fiscal year.

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In other Gap, Inc. (The) news, CEO Jeff Kirwan sold 1,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $29.38, for a total value of $29,380.00. Following the sale, the chief executive officer now owns 25,268 shares of the company’s stock, valued at approximately $742,373.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Sydney Fisher sold 666,849 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $27.99, for a total value of $18,665,103.51. Following the completion of the sale, the director now directly owns 12,237,873 shares in the company, valued at approximately $342,538,065.27. The disclosure for this sale can be found here. Insiders have sold a total of 675,682 shares of company stock worth $18,880,070 in the last three months. 27.30% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of 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 valued at $522,127,000 after acquiring an additional 643,396 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Gap, Inc. (The) by 1.5% in the 2nd quarter. BlackRock Inc. now owns 23,076,989 shares of the apparel retailer’s stock valued at $507,464,000 after acquiring an additional 338,876 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 valued at $212,867,000 after acquiring an additional 57,609 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of 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 valued at $123,529,000 after acquiring an additional 15,504 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in shares of Gap, Inc. (The) by 27.7% in the 3rd quarter. APG Asset Management N.V. now owns 4,652,508 shares of the apparel retailer’s stock valued at $137,389,000 after acquiring an additional 1,009,400 shares in the last quarter. 56.39% of the stock is currently owned by hedge funds and other institutional investors.

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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