The Gap, Inc. (NYSE:GPS) Receives $17.99 Consensus Price Target from Analysts

Shares of The Gap, Inc. (NYSE:GPSGet Rating) have been given an average recommendation of “Hold” by the twenty-three ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.78.

GPS has been the topic of a number of research reports. Robert W. Baird reduced their target price on shares of GAP from $18.00 to $14.00 in a report on Friday, April 22nd. Barclays lowered shares of GAP from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $17.00 to $13.00 in a report on Friday, April 1st. The Goldman Sachs Group reduced their target price on shares of GAP from $20.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, April 22nd. Morgan Stanley reduced their target price on shares of GAP from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, April 22nd. Finally, Bank of America lowered shares of GAP from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $26.00 to $14.00 in a report on Tuesday, February 15th.

GPS stock traded down $0.57 during mid-day trading on Tuesday, hitting $11.94. The stock had a trading volume of 7,051,155 shares, compared to its average volume of 10,428,031. The firm has a market capitalization of $4.42 billion, a P/E ratio of 18.09, a P/E/G ratio of 0.84 and a beta of 1.66. The company has a current ratio of 1.27, a quick ratio of 0.53 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $13.86 and a 200 day simple moving average of $16.89. GAP has a 52 week low of $11.07 and a 52 week high of $37.63.

GAP (NYSE:GPSGet Rating) last announced its quarterly earnings results on Thursday, March 3rd. The apparel retailer reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.12. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.49 billion. GAP had a net margin of 1.54% and a return on equity of 19.48%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. As a group, equities analysts expect that GAP will post 1.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.03%. GAP’s payout ratio is 90.91%.

Several hedge funds and other institutional investors have recently bought and sold shares of GPS. FMR LLC grew its stake in shares of GAP by 1,723.2% in the 1st quarter. FMR LLC now owns 251,986 shares of the apparel retailer’s stock worth $6,597,000 after acquiring an additional 238,165 shares in the last quarter. New York State Common Retirement Fund grew its position in GAP by 7.5% during the third quarter. New York State Common Retirement Fund now owns 276,177 shares of the apparel retailer’s stock valued at $6,269,000 after buying an additional 19,177 shares during the period. Toronto Dominion Bank grew its position in GAP by 279.3% during the third quarter. Toronto Dominion Bank now owns 261,262 shares of the apparel retailer’s stock valued at $5,931,000 after buying an additional 192,384 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in GAP during the third quarter valued at about $649,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in GAP by 124.7% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,626 shares of the apparel retailer’s stock valued at $381,000 after buying an additional 9,227 shares during the period. Hedge funds and other institutional investors own 58.23% of the company’s stock.

GAP Company Profile (Get Rating)

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.

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Analyst Recommendations for GAP (NYSE:GPS)

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