Gap, Inc. (The) (GPS) Given a $41.00 Price Target at Jefferies Group LLC

Gap, Inc. (The) (NYSE:GPS) has been assigned a $41.00 price target by Jefferies Group LLC in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 39.46% from the stock’s previous close. Jefferies Group also issued estimates for Gap, Inc. (The)’s FY2019 earnings at $2.30 EPS.

A number of other equities research analysts have also commented on GPS. Zacks Investment Research raised shares of Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Gap, Inc. (The) in a research note on Wednesday, August 9th. BMO Capital Markets set a $23.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 8th. FBR & Co set a $25.00 price objective on shares of Gap, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. set a $28.00 price objective on shares of Gap, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, August 17th. Four equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and seven have assigned a buy rating to the stock. Gap, Inc. (The) presently has a consensus rating of “Hold” and a consensus target price of $27.51.

Shares of Gap, Inc. (NYSE GPS) opened at $29.40 on Friday. The company has a current ratio of 1.77, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Gap, Inc. has a 1-year low of $21.02 and a 1-year high of $30.14. The firm has a market cap of $11,529.47, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.78 and a beta of 0.86.

Gap, Inc. (The) (NYSE:GPS) last posted its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. Gap, Inc. (The) had a net margin of 5.57% and a return on equity of 27.76%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. equities analysts predict that Gap, Inc. will post 2.08 earnings per share for the current fiscal year.

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In related news, CEO Jeff Kirwan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $26.11, for a total value of $26,110.00. Following the sale, the chief executive officer now directly owns 24,268 shares of the company’s stock, valued at $633,637.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Joseph Chapman sold 4,898 shares of Gap, Inc. (The) stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $22.82, for a total transaction of $111,772.36. The disclosure for this sale can be found here. Insiders sold 676,682 shares of company stock valued at $18,906,180 over the last 90 days. 27.30% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 643,396 shares during the last quarter. BlackRock Inc. grew its holdings in shares of 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 purchasing an additional 338,876 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Gap, Inc. (The) by 10.6% in the third quarter. Bank of New York Mellon Corp now owns 10,710,283 shares of the apparel retailer’s stock worth $316,275,000 after purchasing an additional 1,030,160 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of 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 purchasing an additional 15,504 shares during the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of Gap, Inc. (The) by 27.7% in the third quarter. APG Asset Management N.V. now owns 4,652,508 shares of the apparel retailer’s stock worth $137,389,000 after purchasing an additional 1,009,400 shares during the last quarter. 56.78% of the stock is currently owned by hedge funds and other institutional investors.

Gap, Inc. (The) Company Profile

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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