UBS Group Lowers GAP (NYSE:GAP) Price Target to $23.00

GAP (NYSE:GAP) had its price target cut by analysts at UBS Group from $27.00 to $23.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 7.39% from the stock’s current price.

Several other analysts have also weighed in on the company. Jefferies Financial Group reissued a “hold” rating and set a $29.00 price objective (up previously from $26.00) on shares of GAP in a report on Wednesday, May 21st. Evercore ISI decreased their price objective on GAP from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Telsey Advisory Group reissued a “market perform” rating and set a $26.00 price objective on shares of GAP in a report on Friday, May 30th. Citigroup reaffirmed a “neutral” rating and issued a $22.00 price target (down previously from $30.00) on shares of GAP in a research note on Wednesday. Finally, Bank of America decreased their price target on GAP from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 19th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.73.

GAP Stock Performance

Shares of NYSE GAP opened at $21.4180 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $21.01 and its two-hundred day moving average is $21.75. The company has a market cap of $8.07 billion, a P/E ratio of 9.27, a P/E/G ratio of 2.37 and a beta of 2.15. GAP has a 12 month low of $16.99 and a 12 month high of $29.29.

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

Hedge Funds Weigh In On GAP

Several institutional investors have recently bought and sold shares of the business. Dodge & Cox bought a new position in GAP in the 1st quarter valued at $592,222,000. Ameriprise Financial Inc. raised its position in GAP by 42.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company’s stock valued at $96,134,000 after purchasing an additional 1,318,322 shares during the last quarter. Geode Capital Management LLC raised its position in GAP by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,166,545 shares of the company’s stock valued at $91,399,000 after purchasing an additional 151,297 shares during the last quarter. LSV Asset Management raised its position in GAP by 101.0% in the 2nd quarter. LSV Asset Management now owns 3,184,477 shares of the company’s stock valued at $69,453,000 after purchasing an additional 1,600,041 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in GAP by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,899,563 shares of the company’s stock valued at $63,239,000 after purchasing an additional 145,427 shares during the last quarter. Institutional investors own 58.81% of the company’s stock.

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.