GAP’s (GAP) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of GAP (NYSE:GAP) in a research report report published on Monday,Benzinga reports. The brokerage currently has a $26.00 price objective on the stock.

GAP has been the topic of a number of other research reports. The Goldman Sachs Group cut their target price on GAP from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Wells Fargo & Company downgraded GAP from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $30.00 to $24.00 in a research note on Wednesday, April 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a $29.00 target price (up from $26.00) on shares of GAP in a research report on Wednesday, May 21st. Evercore ISI cut their price target on shares of GAP from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, July 30th. Finally, Citigroup restated a “neutral” rating and set a $22.00 price target (down previously from $30.00) on shares of GAP in a research report on Wednesday, August 20th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.73.

GAP Stock Up 0.5%

GAP stock opened at $21.52 on Monday. The stock’s 50 day simple moving average is $21.02 and its 200 day simple moving average is $21.73. The company has a market cap of $8.10 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 2.37 and a beta of 2.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.98 and a current ratio of 1.71. GAP has a fifty-two week low of $16.99 and a fifty-two week high of $29.29.

GAP (NYSE:GAP) last posted its 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. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.41 billion. GAP had a net margin of 5.80% and a return on equity of 27.86%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. GAP has set its FY 2025 guidance at EPS. Q2 2025 guidance at EPS. On average, research analysts expect that GAP will post 2.02 earnings per share for the current fiscal year.

GAP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 8th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.66 annualized dividend and a yield of 3.1%. GAP’s dividend payout ratio (DPR) is 28.57%.

Institutional Investors Weigh In On GAP

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System purchased a new stake in shares of GAP during the fourth quarter worth $4,953,000. GAMMA Investing LLC bought a new stake in shares of GAP during the 1st quarter valued at $1,971,000. Rhumbline Advisers purchased a new stake in GAP during the 1st quarter worth about $12,210,000. SG Americas Securities LLC bought a new position in GAP in the 1st quarter worth about $3,519,000. Finally, Handelsbanken Fonder AB bought a new position in GAP in the 1st quarter worth about $1,107,000. Institutional investors own 58.81% of the company’s stock.

About GAP

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.