Trade Report: The Gap Inc. (GPS) Receives “Neutral” Rating from MKM Partners

The Gap Inc. (GPS) Receives “Neutral” Rating from MKM Partners

Gap Inc. (NYSE:GPS)‘s stock had its “neutral” rating reissued by investment analysts at MKM Partners in a research note issued to investors on Wednesday. They presently have a $25.00 price target on the apparel retailer’s stock. MKM Partners’ target price indicates a potential downside of 5.87% from the stock’s current price.

A number of other research analysts also recently commented on GPS. Cowen and Company reiterated a “hold” rating on shares of Gap in a research report on Saturday, July 9th. Guggenheim reiterated a “hold” rating on shares of Gap in a research report on Saturday, July 9th. Wedbush reiterated a “hold” rating on shares of Gap in a research report on Saturday, July 9th. Jefferies Group reiterated a “buy” rating on shares of Gap in a research report on Saturday, July 9th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Gap in a research report on Saturday, July 9th. Six investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.29.

Shares of Gap (NYSE:GPS) traded up 0.960% on Wednesday, hitting $26.815. 2,738,994 shares of the company traded hands. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 15.107 and a beta of 1.28. Gap has a 1-year low of $17.00 and a 1-year high of $30.49. The firm’s 50 day moving average price is $23.86 and its 200-day moving average price is $22.97.

Gap (NYSE:GPS) last posted its earnings results on Thursday, August 18th. The apparel retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm earned $3.85 billion during the quarter, compared to the consensus estimate of $3.79 billion. Gap had a return on equity of 33.26% and a net margin of 4.60%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. On average, equities research analysts expect that Gap will post ($0.01) earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Monday, October 3rd. Gap’s dividend payout ratio (DPR) is presently 51.98%.

Hedge funds have recently bought and sold shares of the stock. Levin Capital Strategies L.P. acquired a new stake in Gap during the second quarter worth approximately $53,595,000. Lazard Asset Management LLC boosted its stake in Gap by 25,265.6% in the first quarter. Lazard Asset Management LLC now owns 2,020,625 shares of the apparel retailer’s stock worth $59,406,000 after buying an additional 2,012,659 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Gap during the second quarter worth approximately $36,750,000. Bank of Montreal Can acquired a new stake in Gap during the second quarter worth approximately $29,343,000. Finally, Prudential Financial Inc. boosted its stake in Gap by 99.4% in the second quarter. Prudential Financial Inc. now owns 2,432,145 shares of the apparel retailer’s stock worth $51,610,000 after buying an additional 1,212,479 shares during the period. Institutional investors and hedge funds own 57.42% of the company’s stock.

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