Analysts have given The Gap, Inc. (NYSE:GPS) a consensus rating of Hold. | Wbactive

Covered by twenty-two analysts according to Bloomberg.com, The Gap, Inc. (NYSE:GPS) stock has received a rating of “Hold” as the company’s overall consensus recommendation. Additionally, five analysts are in the opinion that the stock should be sold while thirteen analysts are in opinion that the stock should be held. The average price target for the stock over the next 12 months provided by brokers who have recently covered the stock is $11.09.

Current GPS reports have been provided by several different research companies. Jefferies Financial Group’s price target for GAP has increased to $13.00 from $11.00, according to a research note published on Friday. JPMorgan Chase & Co. increased its price target on GAP to $9.00 from $8.00 in a research note published on Friday, September 16. Investment firm Citigroup raised its price target for GAP shares to $8.00 from $7.00 and gave the stock a sell rating in a research note published on Friday, November 11. Morgan Stanley raised its price target on GAP shares to $8.00 from $7.50 and put the stock at an “underweight” rating in a research report published on Friday, August 26. Finally, in a research note published on Friday, Wells Fargo & Company raised its target price on GAP shares from $10.00 to $12.00 and assigned the stock a “break even” rating.
On Friday, GPS opened at $13.67. The company’s stock has a market value of $4.97 billion, a price to earnings ratio of -13.53 and a beta of 1.80. For every dollar of equity there is 0.80, for every dollar of current assets there is 1.37 and for every dollar of liquid assets there is 0.50. The lowest price GAP has reached over the past year is $7.79, while its all-time high is $24.94. The company’s 50-day simple moving average is $10.21 and its 200-day simple moving average is $10.08.

The latest earnings report for GAP, which trades on the NYSE under the symbol GPS, was released on November 17th. The online clothing retailer reported earnings per share of $0.71 for the quarter, up $0.70 from analyst consensus estimates of $0.01. Return on equity for GAP was negative at 1.48% and the company’s net margin was negative at 2.40%. Quarterly revenue was $4.04 billion, well above the $3.83 billion forecast by analysts. The company posted earnings per share of $0.27 for the same quarter last year. The company’s revenue increased by 2.4% year-on-year. According to estimates by sell-side analysts, GAP will report a loss of 0.33 cents per share for the current fiscal year.

Additionally, the company has announced a quarterly dividend, which is set to be paid on the 25th of this month. Investors of record will receive a dividend payment of $0.15 per share on Wednesday, January 4th. The dividend is scheduled to be paid out on January 3. That equates to an annual dividend payment of $0.60 and a dividend yield of 4.39%. GAP has a dividend payout ratio (DPR) of -59.41%.

On Monday, October 31, GAP CEO Mary Beth Laughton completed a transaction that sold 11,030 shares of the company’s shares. At an average price of $11.28 per share, the shares were sold for a total of $124,418.40, bringing the total to $124,418.40. As a result of the transaction, the CEO now directly owns 31,561 shares of the company, currently valued at approximately $356,008.08. You can learn more about the transaction, which is disclosed in a filing with the Securities and Exchange Commission, by following the link provided above. The company’s insiders collectively hold 44.19% of the company’s stock.

In recent months, the number of hedge funds and other institutional investors interested in GPS has either increased or decreased. In the first three months of the year, Sumitomo Mitsui Trust Holdings Inc. invested around $146,000 to acquire a new stake in GAP. Nisa Investment Advisors LLC increased its stake in GAP by 48.6% in the first three months of the year. After acquiring an additional 19,790 shares during the period in question, Nisa Investment Advisors LLC now holds 60,540 shares of the apparel retailer with a market value of $852,000. The New York State Common Retirement Fund invested 18.4% more money in GAP in the first quarter than in the previous quarter. The New York State Common Retirement Fund now owns 324,280 shares of the apparel retailer, bringing the total value of its holdings to $4,566,000 after purchasing an additional 50,463 shares last quarter. During the first three months of the year, Campbell & CO Investment Adviser LLC made a new investment in GAP totaling approximately $348,000.
Last but not least, Bank of New York Mellon Corporation added 15.3% more GAP shares to its holdings in the first quarter. The Bank of New York Mellon Corp. now owns 3,138,643 shares of the apparel retailer, having purchased an additional 415,813 shares during the period. The value of these shares is currently $44,192. Currently, 57.46% of the company’s shares are owned by hedge funds and other institutional investors.

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