The FBR & Co Reaffirms “Hold” Rating for Gap Inc. (GPS)

The FBR & Co Reaffirms “Hold” Rating for Gap Inc. (GPS)

Gap Inc. (NYSE:GPS)‘s stock had its “hold” rating reaffirmed by investment analysts at FBR & Co in a research report issued to clients and investors on Friday. They presently have a $22.00 price objective on the apparel retailer’s stock. FBR & Co’s price objective suggests a potential downside of 3.42% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Wedbush restated a “neutral” rating and set a $20.00 price target on shares of Gap in a report on Wednesday, June 15th. Wolfe Research upgraded Gap from a “market perform” rating to an “outperform” rating in a report on Friday, June 17th. Vetr downgraded Gap from a “strong-buy” rating to a “buy” rating and set a $23.14 price target on the stock. in a report on Thursday, June 23rd. BMO Capital Markets restated a “market perform” rating and set a $20.00 price target on shares of Gap in a report on Thursday, July 7th. Finally, Stifel Nicolaus restated a “positive” rating on shares of Gap in a report on Friday, July 8th. Six analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Gap has an average rating of “Hold” and an average target price of $24.90.

Shares of Gap (NYSE:GPS) traded up 15.23% on Friday, hitting $26.25. The stock had a trading volume of 31,454,599 shares. The firm’s 50-day moving average price is $23.87 and its 200 day moving average price is $23.07. Gap has a 52-week low of $17.00 and a 52-week high of $30.49. The firm has a market cap of $10.46 billion, a PE ratio of 14.79 and a beta of 1.28.

Gap (NYSE:GPS) last posted its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $3.85 billion for 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 quarter in the previous year, the business earned $0.64 EPS. On average, equities research analysts predict that Gap will post ($0.01) EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Monday, October 3rd. Gap’s dividend payout ratio (DPR) is presently 51.98%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPS. Acropolis Investment Management LLC raised its position in Gap by 1.2% in the third quarter. Acropolis Investment Management LLC now owns 74,920 shares of the apparel retailer’s stock valued at $1,666,000 after buying an additional 900 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Gap by 11.2% in the third quarter. BNP Paribas Arbitrage SA now owns 154,810 shares of the apparel retailer’s stock worth $3,443,000 after buying an additional 15,647 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in shares of Gap during the second quarter worth about $409,000. Mason Street Advisors LLC acquired a new stake in shares of Gap during the second quarter worth about $648,000. Finally, Tobam raised its stake in shares of Gap by 61.3% in the second quarter. Tobam now owns 2,175,221 shares of the apparel retailer’s stock worth $46,159,000 after buying an additional 826,805 shares during the last quarter. 57.42% of the stock is currently owned by institutional investors.

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