GAP (NYSE:GPS) Stock Price Up 5.6%

The Gap, Inc. (NYSE:GPS) rose 5.6% during mid-day trading on Thursday . The stock traded as high as $18.75 and last traded at $18.74. Approximately 198,173 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 6,896,199 shares. The stock had previously closed at $17.75.

GPS has been the topic of several research reports. MKM Partners lowered their price target on shares of GAP from $34.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 24th. Credit Suisse Group decreased their target price on shares of GAP from $31.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, November 24th. The Goldman Sachs Group decreased their target price on shares of GAP from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, December 14th. JPMorgan Chase & Co. decreased their price target on shares of GAP from $22.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 4th. Finally, B. Riley decreased their price target on shares of GAP from $28.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, November 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.47.

The firm has a market cap of $6.82 billion, a PE ratio of 13.95, a PEG ratio of 1.14 and a beta of 1.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.65 and a current ratio of 1.36. The company’s 50-day simple moving average is $19.11 and its two-hundred day simple moving average is $23.95.

GAP (NYSE:GPS) last announced its quarterly earnings results on Tuesday, November 23rd. The apparel retailer reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.23). The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.43 billion. GAP had a net margin of 3.05% and a return on equity of 23.80%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. On average, analysts expect that The Gap, Inc. will post 1.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 26th. Shareholders of record on Wednesday, January 5th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, January 4th. This represents a $0.48 annualized dividend and a yield of 2.63%. GAP’s dividend payout ratio (DPR) is presently 36.64%.

In related news, CEO Mark Breitbard sold 7,311 shares of the stock in a transaction dated Tuesday, December 21st. The shares were sold at an average price of $17.01, for a total value of $124,360.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sonia Syngal sold 6,945 shares of the stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $24.71, for a total transaction of $171,610.95. The disclosure for this sale can be found here. 41.39% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in GPS. FMR LLC boosted its holdings in shares of GAP by 1,723.2% during the 1st quarter. FMR LLC now owns 251,986 shares of the apparel retailer’s stock valued at $6,597,000 after acquiring an additional 238,165 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of GAP by 49.3% during the 2nd quarter. Van ECK Associates Corp now owns 64,249 shares of the apparel retailer’s stock valued at $2,162,000 after acquiring an additional 21,218 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of GAP by 56.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 419,000 shares of the apparel retailer’s stock valued at $14,099,000 after acquiring an additional 151,853 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of GAP by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,741,806 shares of the apparel retailer’s stock valued at $58,612,000 after acquiring an additional 52,201 shares during the last quarter. Finally, Berman Capital Advisors LLC boosted its holdings in shares of GAP by 29.4% during the 2nd quarter. Berman Capital Advisors LLC now owns 2,776 shares of the apparel retailer’s stock valued at $93,000 after acquiring an additional 631 shares during the last quarter. Institutional investors and hedge funds own 56.99% of the company’s stock.

GAP Company Profile (NYSE:GPS)

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.

Further Reading: Are sell-side analysts objective?

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