GAP (NYSE:GPS) PT Lowered to $11.00 at Robert W. Baird

GAP (NYSE:GPSGet Rating) had its price objective lowered by investment analysts at Robert W. Baird from $14.00 to $11.00 in a research report issued on Friday, The Fly reports. Robert W. Baird’s price target suggests a potential downside of 1.08% from the company’s previous close.

A number of other equities analysts also recently issued reports on GPS. Deutsche Bank Aktiengesellschaft dropped their price target on GAP from $26.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, April 22nd. Citigroup dropped their target price on GAP from $8.00 to $7.00 in a research report on Friday. Daiwa Capital Markets lowered shares of GAP from a “neutral” rating to an “underperform” rating and set a $13.75 price target for the company. in a research report on Wednesday, March 9th. UBS Group dropped their price objective on shares of GAP from $18.00 to $14.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Finally, The Goldman Sachs Group reduced their target price on shares of GAP from $20.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, April 22nd. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, GAP presently has an average rating of “Hold” and an average price target of $14.51.

GPS opened at $11.12 on Friday. The company’s 50-day simple moving average is $13.09 and its two-hundred day simple moving average is $15.93. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.53 and a current ratio of 1.27. The stock has a market capitalization of $4.11 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.73 and a beta of 1.66. GAP has a 52-week low of $9.24 and a 52-week high of $35.35.

GAP (NYSE:GPSGet Rating) last released its quarterly earnings data on Thursday, May 26th. The apparel retailer reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.31). GAP had a net margin of 1.54% and a return on equity of 19.48%. The company had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. Research analysts forecast that GAP will post 1.28 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC purchased a new stake in GAP during the fourth quarter valued at $27,000. CKW Financial Group raised its position in shares of GAP by 118.2% during the 1st quarter. CKW Financial Group now owns 2,400 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 1,300 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in shares of GAP by 111.5% in the 1st quarter. Byrne Asset Management LLC now owns 2,474 shares of the apparel retailer’s stock valued at $35,000 after acquiring an additional 1,304 shares during the last quarter. Covestor Ltd purchased a new position in GAP in the fourth quarter worth about $40,000. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in GAP by 270.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,850 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 1,350 shares during the last quarter. Institutional investors and hedge funds own 58.23% 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.

Further Reading

The Fly logo

Analyst Recommendations for GAP (NYSE:GPS)

Receive News & Ratings for GAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAP and related companies with MarketBeat.com's FREE daily email newsletter.