Gap, Inc. (The) (NYSE:GPS) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Monday.
GPS has been the topic of a number of other reports. Zacks Investment Research upgraded Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Friday, August 25th. Oppenheimer Holdings, Inc. set a $33.00 target price on Gap, Inc. (The) and gave the stock a “buy” rating in a report on Monday, October 30th. Royal Bank Of Canada set a $26.00 target price on Gap, Inc. (The) and gave the stock a “hold” rating in a report on Monday, October 30th. KeyCorp restated a “buy” rating and issued a $33.00 target price on shares of Gap, Inc. (The) in a report on Tuesday, September 26th. Finally, BMO Capital Markets set a $23.00 target price on Gap, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, August 8th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.86.
Gap, Inc. (NYSE:GPS) opened at $26.73 on Monday. Gap, Inc. has a 1 year low of $21.02 and a 1 year high of $30.74. The stock has a market capitalization of $10,478.48, a price-to-earnings ratio of 13.03, a PEG ratio of 1.62 and a beta of 0.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.77.
Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a return on equity of 28.50% and a net margin of 5.42%. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. sell-side analysts predict that Gap, Inc. will post 2.06 earnings per share for the current year.
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In related news, EVP Paul Joseph Chapman sold 4,898 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total transaction of $111,772.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sonia Syngal sold 1,935 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $25.79, for a total value of $49,903.65. Following the transaction, the chief executive officer now owns 39,656 shares in the company, valued at $1,022,728.24. The disclosure for this sale can be found here. Insiders have sold 676,682 shares of company stock worth $18,906,180 over the last 90 days. Corporate insiders own 27.30% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Ffcm LLC increased its stake in Gap, Inc. (The) by 198.0% during the second quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after acquiring an additional 3,519 shares during the period. James Investment Research Inc. bought a new position in Gap, Inc. (The) during the second quarter valued at about $144,000. Howe & Rusling Inc. bought a new position in Gap, Inc. (The) during the third quarter valued at about $190,000. AE Wealth Management LLC bought a new position in Gap, Inc. (The) during the third quarter valued at about $223,000. Finally, Paragon Capital Management Ltd bought a new stake in shares of Gap, Inc. (The) in the 2nd quarter valued at approximately $229,000. Hedge funds and other institutional investors own 56.78% of the company’s stock.
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.
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