The Gap, Inc. (NYSE:GPS) Receives $20.21 Average Target Price from Analysts

The Gap, Inc. (NYSE:GPSGet Rating) has received an average recommendation of “Hold” from the twenty-two research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.21.

GPS has been the topic of several analyst reports. The Goldman Sachs Group reduced their price target on shares of GAP from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 14th. Barclays lowered GAP from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $17.00 to $13.00 in a research note on Friday, April 1st. JPMorgan Chase & Co. raised their price objective on GAP from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, March 4th. Daiwa Capital Markets lowered GAP from a “neutral” rating to an “underperform” rating and set a $13.75 price objective on the stock. in a research note on Wednesday, March 9th. Finally, assumed coverage on shares of GAP in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

A number of institutional investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC acquired a new stake in GAP during the 4th quarter worth about $27,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of GAP by 270.0% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,850 shares of the apparel retailer’s stock worth $42,000 after buying an additional 1,350 shares in the last quarter. Covestor Ltd bought a new position in shares of GAP during the 4th quarter worth approximately $40,000. Byrne Asset Management LLC boosted its holdings in shares of GAP by 111.5% during the 1st quarter. Byrne Asset Management LLC now owns 2,474 shares of the apparel retailer’s stock worth $35,000 after buying an additional 1,304 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of GAP during the 3rd quarter worth approximately $94,000. Hedge funds and other institutional investors own 58.29% of the company’s stock.

Shares of NYSE GPS traded up $1.13 during mid-day trading on Friday, reaching $14.49. The company had a trading volume of 2,166,467 shares, compared to its average volume of 10,239,354. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 0.58 and a beta of 1.70. The business’s 50-day simple moving average is $14.83 and its 200 day simple moving average is $18.33. GAP has a one year low of $12.78 and a one year high of $37.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.53 and a current ratio of 1.27.

GAP (NYSE:GPSGet Rating) last issued its earnings results on Thursday, March 3rd. The apparel retailer reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.12. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.49 billion. GAP had a net margin of 1.54% and a return on equity of 19.48%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 EPS. On average, sell-side analysts anticipate that GAP will post 1.9 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 27th. Shareholders of record on Wednesday, April 6th will be issued a dividend of $0.15 per share. This is a positive change from GAP’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, April 5th. This represents a $0.60 annualized dividend and a yield of 4.14%. GAP’s dividend payout ratio (DPR) is presently 90.91%.

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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