GAP (NYSE:GPS) Cut to “Sell” at Citigroup

GAP (NYSE:GPSGet Rating) was downgraded by equities researchers at Citigroup from a “neutral” rating to a “sell” rating in a research note issued on Monday, The Fly reports.

Other analysts have also recently issued research reports about the company. B. Riley reduced their price target on GAP from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on GAP from $26.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, April 22nd. Morgan Stanley dropped their price target on shares of GAP from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, April 22nd. Bank of America downgraded shares of GAP from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $26.00 to $14.00 in a report on Tuesday, February 15th. Finally, UBS Group decreased their price target on shares of GAP from $18.00 to $14.00 and set a “na” rating for the company in a report on Tuesday, May 17th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, GAP presently has an average rating of “Hold” and a consensus price target of $16.72.

Shares of NYSE:GPS opened at $10.93 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.27 and a debt-to-equity ratio of 0.55. GAP has a 12-month low of $10.52 and a 12-month high of $35.35. The firm has a fifty day moving average of $13.47 and a two-hundred day moving average of $16.21. The firm has a market capitalization of $4.04 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66.

GAP (NYSE:GPSGet Rating) last posted its quarterly earnings results on Thursday, March 3rd. The apparel retailer reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.12. The company 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 business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. Equities research analysts expect that GAP will post 1.28 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new position in shares of GAP in the 4th quarter worth approximately $27,000. CKW Financial Group lifted its position in shares of GAP by 118.2% during the first quarter. CKW Financial Group now owns 2,400 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 1,300 shares in the last quarter. Byrne Asset Management LLC grew its stake in shares of GAP by 111.5% during the first quarter. Byrne Asset Management LLC now owns 2,474 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 1,304 shares during the last quarter. Covestor Ltd acquired a new stake in shares of GAP in the fourth quarter valued at approximately $40,000. Finally, Patriot Financial Group Insurance Agency LLC raised its position in GAP by 270.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,850 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 1,350 shares during the last quarter. Institutional investors own 58.23% of the company’s stock.

About GAP (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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