GAP (NYSE:GAP) Price Target Lowered to $21.00 at Bank of America

GAP (NYSE:GAP) had its target price cut by Bank of America from $25.00 to $21.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also issued reports on GAP. Jefferies Financial Group restated a “hold” rating and issued a $29.00 target price (up from $26.00) on shares of GAP in a research note on Wednesday, May 21st. Morgan Stanley reduced their price target on GAP from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Wall Street Zen cut GAP from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Citigroup reduced their price target on GAP from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Finally, UBS Group reduced their price target on GAP from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, May 30th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.47.

GAP Stock Performance

Shares of GAP opened at $20.6940 on Tuesday. The firm has a market cap of $7.79 billion, a PE ratio of 8.96, a PEG ratio of 2.29 and a beta of 2.15. The stock’s fifty day moving average price is $21.04 and its two-hundred day moving average price is $21.78. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.71 and a quick ratio of 0.98. GAP has a 1 year low of $16.99 and a 1 year high of $29.29.

GAP (NYSE:GAP) last issued its earnings results on Thursday, May 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.07. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.41 billion. GAP had a return on equity of 27.86% and a net margin of 5.80%.The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. GAP has set its FY 2025 guidance at EPS. Q2 2025 guidance at EPS. On average, equities research analysts forecast that GAP will post 2.02 EPS for the current year.

GAP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 8th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, October 8th. GAP’s payout ratio is presently 28.57%.

Hedge Funds Weigh In On GAP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in GAP during the first quarter worth about $56,763,000. Nisa Investment Advisors LLC purchased a new position in GAP during the first quarter worth about $832,000. Atlas Capital Advisors Inc. purchased a new position in shares of GAP in the 1st quarter worth about $264,000. New York State Teachers Retirement System purchased a new position in shares of GAP in the 1st quarter worth about $5,065,000. Finally, New Mexico Educational Retirement Board purchased a new position in shares of GAP in the 1st quarter worth about $892,000. 58.81% of the stock is currently owned by hedge funds and other institutional investors.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.