GAP (NYSE:GPS) Price Target Lowered to $13.00 at BMO Capital Markets

GAP (NYSE:GPSGet Rating) had its price objective dropped by analysts at BMO Capital Markets from $16.00 to $13.00 in a research note issued on Friday, The Fly reports. BMO Capital Markets’ price target suggests a potential downside of 9.03% from the stock’s current price.

A number of other equities research analysts also recently weighed in on GPS. Wells Fargo & Company lowered their target price on GAP from $25.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on GAP from $26.00 to $17.00 in a report on Friday. B. Riley decreased their price objective on GAP from $21.00 to $15.00 in a report on Friday, February 18th. JPMorgan Chase & Co. boosted their price objective on GAP from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, March 4th. Finally, Robert W. Baird decreased their price objective on GAP from $18.00 to $14.00 in a report on Friday. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, GAP currently has a consensus rating of “Hold” and a consensus price target of $19.93.

Shares of GPS stock opened at $14.29 on Friday. The company has a market cap of $5.28 billion, a P/E ratio of 21.65, a PEG ratio of 0.62 and a beta of 1.70. The stock has a 50 day simple moving average of $14.37 and a two-hundred day simple moving average of $17.86. 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 has a fifty-two week low of $12.78 and a fifty-two week high of $37.63.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. 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. Russell Investments Group Ltd. boosted its position in GAP by 600.2% during the fourth quarter. Russell Investments Group Ltd. now owns 899,727 shares of the apparel retailer’s stock worth $15,877,000 after purchasing an additional 771,230 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in GAP by 50.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,792 shares of the apparel retailer’s stock worth $49,000 after purchasing an additional 942 shares during the period. Geode Capital Management LLC boosted its position in GAP by 5.3% during the third quarter. Geode Capital Management LLC now owns 3,753,327 shares of the apparel retailer’s stock worth $85,061,000 after purchasing an additional 190,085 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in GAP during the third quarter worth about $94,000. Institutional investors own 58.29% 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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