GAP (NYSE:GPS) had its price objective increased by research analysts at Deutsche Bank from $26.00 to $27.00 in a report released on Friday, November 17th. The firm currently has a “hold” rating on the apparel retailer’s stock. Deutsche Bank’s price objective suggests a potential downside of 19.16% from the stock’s current price.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded GAP from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, August 25th. Jefferies Group set a $35.00 price objective on GAP and gave the company a “buy” rating in a research report on Wednesday, August 16th. Oppenheimer set a $28.00 price objective on GAP and gave the company a “buy” rating in a research report on Thursday, August 17th. ValuEngine upgraded GAP from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. Finally, KeyCorp reiterated a “buy” rating and set a $33.00 price objective on shares of GAP in a research report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $27.94.
Shares of GAP (GPS) traded up $0.08 on Friday, reaching $33.40. The company had a trading volume of 3,980,604 shares, compared to its average volume of 5,999,040. The stock has a market cap of $13,256.14, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.03 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.77. GAP has a twelve month low of $21.02 and a twelve month high of $34.30.
GAP (NYSE:GPS) last announced its earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. GAP had a return on equity of 27.47% and a net margin of 5.57%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. research analysts predict that GAP will post 2.1 earnings per share for the current year.
In other news, CEO Jeff Kirwan sold 6,430 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $32.02, for a total value of $205,888.60. Following the transaction, the chief executive officer now directly owns 30,698 shares in the company, valued at $982,949.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julie Gruber sold 7,133 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $34.00, for a total value of $242,522.00. Following the completion of the sale, the executive vice president now owns 24,583 shares in the company, valued at $835,822. The disclosure for this sale can be found here. In the last three months, insiders sold 2,214,012 shares of company stock valued at $67,352,030. Corporate insiders own 27.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Ffcm LLC grew its stake in shares of GAP by 198.0% during the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after buying an additional 3,519 shares during the last quarter. James Investment Research Inc. bought a new position in GAP in the second quarter worth approximately $144,000. Howe & Rusling Inc. bought a new position in GAP in the third quarter worth approximately $190,000. AE Wealth Management LLC bought a new position in GAP in the third quarter worth approximately $223,000. Finally, Paragon Capital Management Ltd bought a new position in GAP in the second quarter worth approximately $229,000. 54.78% of the stock is currently owned by institutional investors.
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GAP Company Profile
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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