Gap, Inc. (The) (GPS) Stock Rating Reaffirmed by Royal Bank Of Canada

Gap, Inc. (The) (NYSE:GPS)‘s stock had its “hold” rating reissued by stock analysts at Royal Bank Of Canada in a research report issued on Wednesday, August 9th. They currently have a $26.00 target price on the apparel retailer’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 14.79% from the company’s previous close.

Several other research firms have also commented on GPS. BidaskClub upgraded Gap, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Vetr upgraded Gap, Inc. (The) from a “sell” rating to a “hold” rating and set a $24.84 price objective on the stock in a research report on Monday, May 15th. FBR & Co set a $28.00 price objective on Gap, Inc. (The) and gave the stock a “hold” rating in a research report on Friday, May 19th. BMO Capital Markets set a $28.00 price objective on Gap, Inc. (The) and gave the stock a “hold” rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research upgraded Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, August 8th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Gap, Inc. (The) has an average rating of “Hold” and a consensus target price of $25.63.

Gap, Inc. (NYSE:GPS) traded down 0.13% during mid-day trading on Wednesday, hitting $22.65. 18,942,315 shares of the company traded hands. Gap, Inc. has a one year low of $21.02 and a one year high of $30.74. The firm has a market capitalization of $8.95 billion, a P/E ratio of 10.79 and a beta of 0.87. The firm has a 50 day moving average of $23.13 and a 200 day moving average of $23.68.

Gap, Inc. (The) (NYSE:GPS) last issued its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. Gap, Inc. (The) had a net margin of 5.42% and a return on equity of 28.79%. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company earned $0.60 EPS. Gap, Inc. (The)’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts expect that Gap, Inc. will post $2.00 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPS. BlackRock Inc. raised its position in Gap, Inc. (The) by 4,968.6% in the first quarter. BlackRock Inc. now owns 22,738,113 shares of the apparel retailer’s stock valued at $552,308,000 after buying an additional 22,289,507 shares during the period. Prudential Financial Inc. raised its position in Gap, Inc. (The) by 202.2% in the second quarter. Prudential Financial Inc. now owns 3,801,842 shares of the apparel retailer’s stock worth $83,603,000 after buying an additional 2,543,850 shares during the last quarter. Vanguard Group Inc. raised its position in Gap, Inc. (The) by 8.8% in the first quarter. Vanguard Group Inc. now owns 23,100,485 shares of the apparel retailer’s stock worth $561,111,000 after buying an additional 1,876,653 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in Gap, Inc. (The) by 36.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,605,366 shares of the apparel retailer’s stock worth $57,291,000 after buying an additional 697,881 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Gap, Inc. (The) by 22.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,004,102 shares of the apparel retailer’s stock worth $66,067,000 after buying an additional 545,463 shares during the last quarter. 57.30% of the stock is currently owned by 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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