Several other brokerages also recently commented on GPS. MKM Partners cut their price objective on Gap from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, April 8th. Stifel Nicolaus upped their price objective on Gap from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, March 10th.
Mizuho cut their price objective on Gap from $18.00 to $17.00 and set an “underperform” rating on the stock in a research report on Friday, May 20th. Vetr raised Gap from a “hold” rating to a “buy” rating and set a $30.26 price objective on the stock in a research report on Wednesday, March 23rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Gap in a research report on Wednesday, June 15th.
Nine equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.78.
Several large investors have recently modified their holdings of the stock. Winton Capital Group Ltd boosted its stake in shares of Gap by 25.8% in the fourth quarter. Winton Capital Group Ltd now owns 2,744,753 shares of the apparel retailer’s stock worth $67,795,000 after buying an additional 563,202 shares during the last quarter.
Cornercap Investment Counsel Inc. boosted its stake in shares of Gap by 13.8% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 241,480 shares of the apparel retailer’s stock worth $5,965,000 after buying an additional 29,190 shares during the last quarter.
Regal Investment Advisors LLC boosted its stake in shares of Gap by 17.3% in the fourth quarter. Regal Investment Advisors LLC now owns 96,156 shares of the apparel retailer’s stock worth $2,375,000 after buying an additional 14,168 shares during the last quarter.
ProShare Advisors LLC boosted its stake in shares of Gap by 64.5% in the fourth quarter. ProShare Advisors LLC now owns 68,804 shares of the apparel retailer’s stock worth $1,699,000 after buying an additional 26,985 shares during the last quarter.
Finally, Engineers Gate Manager LP purchased a new stake in shares of Gap during the fourth quarter worth $3,840,000.
Gap (NYSE:GPS) traded up 5.32% during midday trading on Friday, reaching $22.78. The company had a trading volume of 10,150,303 shares. Gap has a 1-year low of $17.00 and a 1-year high of $38.20. The firm has a 50-day moving average of $19.55 and a 200 day moving average of $23.75. The company has a market capitalization of $9.07 billion and a P/E ratio of 11.42.
Gap (NYSE:GPS) last announced its quarterly earnings data on Thursday, May 19th. The apparel retailer reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. During the same period last year, the company earned $0.56 EPS. The business earned $3.44 billion during the quarter, compared to the consensus estimate of $3.51 billion. The business’s revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Gap will post $1.84 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, July 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.25%.
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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