GAP (NYSE:GPS) received a $25.00 target price from equities researchers at Wedbush in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Wedbush’s price target indicates a potential downside of 7.78% from the stock’s previous close.
GPS has been the topic of a number of other reports. JPMorgan Chase & Co. dropped their target price on shares of GAP from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, August 24th. Citigroup upgraded shares of GAP from a “sell” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Monday, August 27th. They noted that the move was a valuation call. ValuEngine downgraded shares of GAP from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Zacks Investment Research downgraded shares of GAP from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. Finally, UBS Group started coverage on shares of GAP in a research note on Thursday, June 21st. They issued a “neutral” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $33.43.
GPS stock traded up $0.08 during mid-day trading on Thursday, reaching $27.11. The company had a trading volume of 130,008 shares, compared to its average volume of 5,086,539. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.96 and a quick ratio of 1.02. The company has a market capitalization of $11.10 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.24 and a beta of 0.64. GAP has a 12 month low of $25.36 and a 12 month high of $35.68.
GAP (NYSE:GPS) last issued its earnings results on Thursday, August 23rd. The apparel retailer reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.04. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.02 billion. GAP had a net margin of 5.43% and a return on equity of 29.25%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. On average, research analysts expect that GAP will post 2.59 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. bought a new position in shares of GAP during the second quarter valued at approximately $148,000. Squar Milner Financial Services LLC acquired a new stake in GAP in the second quarter valued at approximately $196,000. Titus Wealth Management acquired a new stake in GAP in the second quarter valued at approximately $201,000. LFA Lugano Financial Advisors SA acquired a new stake in GAP in the second quarter valued at approximately $202,000. Finally, Rampart Investment Management Company LLC boosted its stake in GAP by 118.7% in the first quarter. Rampart Investment Management Company LLC now owns 6,398 shares of the apparel retailer’s stock valued at $200,000 after acquiring an additional 3,472 shares in the last quarter. Hedge funds and other institutional investors own 58.02% of the company’s stock.
The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, and Intermix brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.
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