Trade Report: Today: Gap Inc. (GPS) Earns Positive Rating from Jefferies Group

Today: Gap Inc. (GPS) Earns Positive Rating from Jefferies Group

Gap Inc. (NYSE:GPS)‘s stock had its “positive” rating restated by equities research analysts at Jefferies Group in a report issued on Monday.

Several other equities research analysts also recently commented on GPS. BMO Capital Markets reaffirmed a “hold” rating on shares of Gap in a research note on Saturday, November 19th. Cowen and Company set a $25.00 price target on shares of Gap and gave the company a “hold” rating in a report on Saturday, November 19th. Vetr upgraded shares of Gap from a “hold” rating to a “buy” rating and set a $26.76 price target for the company in a report on Monday. Wedbush reiterated a “neutral” rating and issued a $25.00 price target on shares of Gap in a report on Sunday, September 4th. Finally, Royal Bank Of Canada upped their price target on shares of Gap from $20.00 to $23.00 and gave the company a “sector perform” rating in a report on Tuesday, August 9th. Five investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $24.87.

Gap (NYSE:GPS) opened at 25.57 on Monday. Gap has a 12-month low of $17.00 and a 12-month high of $30.74. The company has a market cap of $10.20 billion, a P/E ratio of 15.22 and a beta of 1.06. The stock’s 50 day moving average is $27.00 and its 200-day moving average is $23.45.

Gap (NYSE:GPS) last posted its quarterly earnings results on Thursday, November 17th. The apparel retailer reported $0.60 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.60. The business earned $3.80 billion during the quarter, compared to the consensus estimate of $3.74 billion. Gap had a net margin of 4.33% and a return on equity of 32.19%. Gap’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. Analysts predict that Gap will post $1.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, December 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.60%. Gap’s dividend payout ratio is currently 55.09%.

In other news, EVP Paul Joseph Chapman sold 6,764 shares of Gap stock in a transaction on Monday, November 21st. The shares were sold at an average price of $24.99, for a total value of $169,032.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Jeff Kirwan sold 11,406 shares of Gap stock in a transaction on Monday, November 21st. The shares were sold at an average price of $25.38, for a total transaction of $289,484.28. Following the completion of the sale, the president now owns 19,094 shares of the company’s stock, valued at approximately $484,605.72. The disclosure for this sale can be found here. 30.00% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in GPS. Blair William & Co. IL raised its stake in shares of Gap by 0.5% in the second quarter. Blair William & Co. IL now owns 18,164 shares of the apparel retailer’s stock worth $385,000 after buying an additional 84 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Gap by 0.9% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,783 shares of the apparel retailer’s stock worth $417,000 after buying an additional 166 shares during the period. Charter Trust Co. raised its stake in shares of Gap by 1.6% in the second quarter. Charter Trust Co. now owns 11,374 shares of the apparel retailer’s stock worth $241,000 after buying an additional 175 shares during the period. World Asset Management Inc raised its stake in shares of Gap by 0.9% in the third quarter. World Asset Management Inc now owns 25,916 shares of the apparel retailer’s stock worth $576,000 after buying an additional 223 shares during the period. Finally, Advantus Capital Management Inc raised its stake in shares of Gap by 1.4% in the second quarter. Advantus Capital Management Inc now owns 21,945 shares of the apparel retailer’s stock worth $466,000 after buying an additional 305 shares during the period. Institutional investors own 58.00% of the company’s stock.

Gap Company Profile

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