BMO Capital Markets Analysts Give Gap, Inc. (The) (GPS) a $23.00 Price Target

BMO Capital Markets set a $23.00 price target on Gap, Inc. (The) (NYSE:GPS) in a report released on Tuesday. The brokerage currently has a hold rating on the apparel retailer’s stock.

Several other research firms have also commented on GPS. Royal Bank Of Canada restated a hold rating and set a $26.00 price target on shares of Gap, Inc. (The) in a research report on Wednesday. BidaskClub upgraded shares of Gap, Inc. (The) from a sell rating to a hold rating in a research report on Tuesday, June 13th. Vetr upgraded shares of Gap, Inc. (The) from a sell rating to a hold rating and set a $24.84 price target for the company in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of Gap, Inc. (The) from a hold rating to a buy rating and set a $27.00 price target for the company in a research report on Tuesday. Finally, FBR & Co set a $28.00 price target on shares of Gap, Inc. (The) and gave the stock a hold rating in a research report on Friday, May 19th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Gap, Inc. (The) currently has an average rating of Hold and an average price target of $25.78.

Gap, Inc. (NYSE GPS) opened at 23.15 on Tuesday. The stock has a market capitalization of $9.16 billion, a P/E ratio of 13.38 and a beta of 0.87. The firm’s 50-day moving average is $23.08 and its 200 day moving average is $23.72. Gap, Inc. has a 12 month low of $21.02 and a 12 month high of $30.74.

Gap, Inc. (The) (NYSE:GPS) last issued its earnings results on Thursday, May 18th. The apparel retailer reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.07. The company had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.39 billion. Gap, Inc. (The) had a net margin of 4.46% and a return on equity of 29.75%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. On average, equities analysts anticipate that Gap, Inc. will post $2.00 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Tuesday, October 3rd. Gap, Inc. (The)’s dividend payout ratio (DPR) is 53.18%.

In other news, CEO Jeff Kirwan sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $24.88, for a total value of $124,400.00. Following the completion of the sale, the chief executive officer now directly owns 29,548 shares of the company’s stock, valued at $735,154.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 8,000 shares of company stock valued at $192,960 over the last three months. 27.30% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Gap, Inc. (The) by 2.8% in the second quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock worth $522,127,000 after buying an additional 643,396 shares during the period. BlackRock Inc. raised its stake in Gap, Inc. (The) by 1.5% in the second quarter. BlackRock Inc. now owns 23,076,989 shares of the apparel retailer’s stock worth $507,464,000 after buying an additional 338,876 shares during the period. American International Group Inc. raised its stake in Gap, Inc. (The) by 1.2% in the first quarter. American International Group Inc. now owns 16,667,815 shares of the apparel retailer’s stock worth $404,861,000 after buying an additional 201,177 shares during the period. Bank of New York Mellon Corp raised its stake in Gap, Inc. (The) by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 9,680,123 shares of the apparel retailer’s stock worth $212,867,000 after buying an additional 57,609 shares during the period. Finally, Franklin Resources Inc. raised its stake in Gap, Inc. (The) by 0.3% in the second quarter. Franklin Resources Inc. now owns 5,617,494 shares of the apparel retailer’s stock worth $123,529,000 after buying an additional 15,504 shares during the period. 56.42% of the stock is owned by institutional investors and hedge funds.

About Gap, Inc. (The)

The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

Analyst Recommendations for Gap, Inc. (The) (NYSE:GPS)




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