GAP (NYSE:GPS) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of GAP (NYSE:GPS) from a sell rating to a hold rating in a research report sent to investors on Thursday, ValuEngine reports.

Several other research analysts have also weighed in on GPS. Telsey Advisory Group lowered GAP from an outperform rating to a market perform rating and lowered their price target for the stock from $24.00 to $19.00 in a research report on Friday, November 8th. Wells Fargo & Co reaffirmed a market perform rating and set a $16.00 price target (down previously from $20.00) on shares of GAP in a research report on Friday, November 8th. Bank of America set a $14.00 price target on GAP and gave the stock a sell rating in a research report on Friday, August 23rd. MKM Partners set a $18.00 price target on GAP and gave the stock a hold rating in a research report on Friday, September 13th. Finally, Morgan Stanley set a $15.00 price target on GAP and gave the stock a sell rating in a research report on Friday, September 13th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $19.07.

GAP stock traded down $0.44 during midday trading on Thursday, reaching $17.30. The stock had a trading volume of 5,176,343 shares, compared to its average volume of 6,385,167. The firm’s fifty day simple moving average is $17.05 and its 200-day simple moving average is $18.58. GAP has a 1-year low of $15.11 and a 1-year high of $31.39. The stock has a market capitalization of $6.44 billion, a P/E ratio of 6.68, a price-to-earnings-growth ratio of 1.08 and a beta of 0.71. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.72 and a current ratio of 1.46.

GAP (NYSE:GPS) last announced its earnings results on Thursday, August 22nd. The apparel retailer reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.11. GAP had a return on equity of 24.53% and a net margin of 5.71%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the firm earned $0.76 EPS. GAP’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that GAP will post 1.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.61%. GAP’s payout ratio is presently 37.45%.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of GAP by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 28,829,631 shares of the apparel retailer’s stock worth $518,068,000 after acquiring an additional 210,846 shares during the last quarter. BlackRock Inc. increased its holdings in shares of GAP by 6.9% during the 2nd quarter. BlackRock Inc. now owns 21,828,899 shares of the apparel retailer’s stock worth $392,265,000 after acquiring an additional 1,415,944 shares during the last quarter. Invesco Ltd. increased its holdings in shares of GAP by 14.0% during the 2nd quarter. Invesco Ltd. now owns 7,517,993 shares of the apparel retailer’s stock worth $135,098,000 after acquiring an additional 922,167 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of GAP by 43.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,053,569 shares of the apparel retailer’s stock worth $54,873,000 after acquiring an additional 923,316 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of GAP by 17.3% during the 2nd quarter. Wells Fargo & Company MN now owns 2,312,790 shares of the apparel retailer’s stock worth $41,561,000 after acquiring an additional 341,672 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.

GAP Company Profile

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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Analyst Recommendations for GAP (NYSE:GPS)

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