GAP (NYSE:GPS) had its price objective boosted by Deutsche Bank from $26.00 to $27.00 in a research note issued on Friday, November 17th. The brokerage presently has a “hold” rating on the apparel retailer’s stock. Deutsche Bank’s price target suggests a potential downside of 20.80% from the stock’s previous close.
GPS has been the subject of a number of other research reports. Zacks Investment Research raised shares of GAP from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Monday, September 11th. ValuEngine lowered shares of GAP from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Citigroup raised shares of GAP from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $22.00 to $24.00 in a research report on Friday, September 1st. Royal Bank Of Canada increased their price objective on shares of GAP from $26.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, November 17th. Finally, Instinet restated a “neutral” rating and issued a $25.00 target price on shares of GAP in a research note on Sunday, August 20th. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. GAP currently has an average rating of “Hold” and an average price target of $27.94.
GAP (GPS) traded up $2.11 during midday trading on Friday, reaching $34.09. 9,487,356 shares of the company’s stock were exchanged, compared to its average volume of 6,004,829. GAP has a one year low of $21.02 and a one year high of $34.30. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $12,435.65, a price-to-earnings ratio of 15.75, a PEG ratio of 1.90 and a beta of 0.95.
GAP (NYSE:GPS) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. GAP had a net margin of 5.57% and a return on equity of 27.47%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. research analysts anticipate that GAP will post 2.1 EPS for the current year.
In related news, Director William Sydney Fisher sold 666,849 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $27.99, for a total transaction of $18,665,103.51. Following the transaction, the director now owns 12,237,873 shares of the company’s stock, valued at $342,538,065.27. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sonia Syngal sold 1,935 shares of GAP stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $25.79, for a total transaction of $49,903.65. Following the completion of the transaction, the chief executive officer now directly owns 39,656 shares in the company, valued at approximately $1,022,728.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,206,879 shares of company stock valued at $67,109,508. Corporate insiders own 27.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in GPS. Ffcm LLC increased its position in GAP by 198.0% during the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock worth $121,000 after acquiring an additional 3,519 shares during the period. James Investment Research Inc. acquired a new stake in GAP during the second quarter worth $144,000. Howe & Rusling Inc. acquired a new stake in GAP during the third quarter worth $190,000. AE Wealth Management LLC acquired a new stake in GAP during the third quarter worth $223,000. Finally, Paragon Capital Management Ltd acquired a new stake in GAP during the second quarter worth $229,000. 54.78% of the stock is currently owned by institutional investors and hedge funds.
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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.
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