GAP (NYSE:GAP) Stock Price Expected to Rise, Bank of America Analyst Says

GAP (NYSE:GAP) had its target price lifted by stock analysts at Bank of America from $21.00 to $23.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s target price indicates a potential upside of 4.44% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of GAP from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. Wall Street Zen cut shares of GAP from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Telsey Advisory Group reduced their price target on shares of GAP from $26.00 to $24.00 and set a “market perform” rating on the stock in a research report on Monday, August 25th. Zacks Research lowered shares of GAP from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, UBS Group cut their target price on shares of GAP from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.87.

GAP Stock Up 1.6%

Shares of GAP opened at $22.02 on Friday. The stock has a market capitalization of $8.29 billion, a PE ratio of 9.41, a P/E/G ratio of 2.43 and a beta of 2.15. GAP has a 1 year low of $16.99 and a 1 year high of $29.29. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.98 and a current ratio of 1.71. The company’s 50-day simple moving average is $21.09 and its 200-day simple moving average is $21.72.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.73 billion. GAP had a net margin of 5.86% and a return on equity of 27.44%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that GAP will post 2.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GAP

Several hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC purchased a new position in GAP in the first quarter valued at approximately $30,000. California State Teachers Retirement System increased its stake in GAP by 0.8% in the second quarter. California State Teachers Retirement System now owns 226,506 shares of the company’s stock valued at $4,940,000 after purchasing an additional 1,703 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in GAP by 4.8% in the second quarter. Public Employees Retirement System of Ohio now owns 71,420 shares of the company’s stock valued at $1,558,000 after purchasing an additional 3,269 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in GAP in the first quarter valued at approximately $75,000. Finally, Brooklyn Investment Group purchased a new position in GAP in the first quarter valued at approximately $80,000. 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.