Gap, Inc. (The) (NYSE:GPS) had its target price raised by Royal Bank Of Canada from $26.00 to $28.00 in a report issued on Friday. The brokerage currently has a sector perform rating on the apparel retailer’s stock.
GPS has been the topic of a number of other research reports. Zacks Investment Research raised Gap, Inc. (The) from a hold rating to a buy rating and set a $26.00 target price on the stock in a report on Friday, August 25th. Oppenheimer Holdings, Inc. set a $33.00 target price on Gap, Inc. (The) and gave the stock a buy rating in a report on Monday, October 30th. KeyCorp reaffirmed a buy rating and set a $33.00 target price on shares of Gap, Inc. (The) in a report on Tuesday, September 26th. BMO Capital Markets set a $23.00 target price on Gap, Inc. (The) and gave the stock a hold rating in a report on Tuesday, August 8th. Finally, Credit Suisse Group raised Gap, Inc. (The) from an underperform rating to a neutral rating and increased their target price for the stock from $23.00 to $30.00 in a report on Tuesday, September 19th. Four equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and seven have given a buy rating to the stock. Gap, Inc. (The) presently has a consensus rating of Hold and a consensus target price of $27.51.
Shares of Gap, Inc. (NYSE:GPS) traded up $1.92 on Friday, reaching $29.40. The company had a trading volume of 17,814,792 shares, compared to its average volume of 5,984,135. The stock has a market capitalization of $10,880.00, a P/E ratio of 13.04, a P/E/G ratio of 1.62 and a beta of 0.86. Gap, Inc. has a 1 year low of $21.02 and a 1 year high of $30.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.77 and a quick ratio of 0.92.
Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. Gap, Inc. (The)’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. sell-side analysts anticipate that Gap, Inc. will post 2.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, January 2nd. Gap, Inc. (The)’s dividend payout ratio is presently 43.81%.
In other news, Director William Sydney Fisher sold 666,849 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total transaction of $18,665,103.51. Following the completion of the sale, the director now directly owns 12,237,873 shares of the company’s stock, valued at approximately $342,538,065.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeff Kirwan sold 1,000 shares of the firm’s stock in a transaction on 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 directly owns 25,268 shares of the company’s stock, valued at $742,373.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 676,682 shares of company stock valued at $18,906,180. Corporate insiders own 27.30% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in shares of Gap, Inc. (The) by 339.7% in the second quarter. Janus Henderson Group PLC now owns 141,919 shares of the apparel retailer’s stock worth $3,121,000 after buying an additional 109,643 shares during the period. Alpha Windward LLC boosted its position in shares of Gap, Inc. (The) by 1,046.5% in the third quarter. Alpha Windward LLC now owns 22,415 shares of the apparel retailer’s stock worth $662,000 after buying an additional 20,460 shares during the period. Empirical Finance LLC boosted its position in shares of Gap, Inc. (The) by 82.4% in the second quarter. Empirical Finance LLC now owns 71,149 shares of the apparel retailer’s stock worth $1,565,000 after buying an additional 32,145 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of Gap, Inc. (The) by 8.0% in the second quarter. Xact Kapitalforvaltning AB now owns 29,517 shares of the apparel retailer’s stock worth $649,000 after buying an additional 2,186 shares during the period. Finally, Bridgewater Associates LP boosted its position in shares of Gap, Inc. (The) by 98.4% in the second quarter. Bridgewater Associates LP now owns 551,572 shares of the apparel retailer’s stock worth $12,129,000 after buying an additional 273,572 shares during the period. 56.78% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Gap Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gap Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.