GAP (GPS) – Investment Analysts’ Recent Ratings Changes

GAP (NYSE: GPS) has recently received a number of price target changes and ratings updates:

• 6/5/2024 – GAP was upgraded by analysts at Daiwa America to a “moderate buy” rating.
• 6/4/2024 – GAP was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 6/3/2024 – GAP had its price target raised by analysts at Barclays PLC from $28.00 to $31.00. They now have an “overweight” rating on the stock.
• 6/3/2024 – GAP had its price target raised by analysts at TD Cowen from $24.00 to $28.00. They now have a “hold” rating on the stock.
• 5/31/2024 – GAP had its price target raised by analysts at Bank of America Co. from $15.50 to $18.50. They now have an “underperform” rating on the stock.
• 5/31/2024 – GAP had its price target raised by analysts at Evercore ISI from $24.00 to $32.00. They now have an “outperform” rating on the stock.
• 5/31/2024 – GAP had its price target raised by analysts at JPMorgan Chase & Co. from $20.00 to $27.00. They now have a “neutral” rating on the stock.
• 5/31/2024 – GAP had its price target raised by analysts at Robert W. Baird from $23.00 to $28.00. They now have a “neutral” rating on the stock.
• 5/31/2024 – GAP had its price target raised by analysts at BMO Capital Markets from $18.00 to $23.00. They now have a “market perform” rating on the stock.
• 5/31/2024 – GAP had its price target raised by analysts at Telsey Advisory Group from $22.00 to $29.00. They now have a “market perform” rating on the stock.
• 5/31/2024 – GAP had its price target raised by analysts at Jefferies Financial Group Inc. from $17.00 to $28.00. They now have a “hold” rating on the stock.
• 5/31/2024 – GAP had its price target raised by analysts at Morgan Stanley from $20.00 to $27.00. They now have an “equal weight” rating on the stock.
• 5/27/2024 – GAP was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 5/24/2024 – GAP had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $22.00 price target on the stock.
• 5/7/2024 – GAP was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $28.00 price target on the stock, up previously from $21.00.
• 5/6/2024 – GAP had its price target raised by analysts at Morgan Stanley from $19.00 to $20.00. They now have an “equal weight” rating on the stock.
• 4/25/2024 – GAP had its price target raised by analysts at The Goldman Sachs Group, Inc. from $24.00 to $25.00. They now have a “buy” rating on the stock.

GAP Stock Down 0.7 %

GPS stock traded down $0.17 during trading on Tuesday, hitting $25.83. 4,276,055 shares of the company’s stock were exchanged, compared to its average volume of 8,126,928. The business has a 50-day moving average price of $22.73 and a two-hundred day moving average price of $21.89. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 4.26 and a beta of 2.35. The Gap, Inc. has a 52-week low of $8.51 and a 52-week high of $30.75. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 0.55.

GAP (NYSE:GPS) last released its quarterly earnings results on Thursday, May 30th. The apparel retailer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.14 by $0.27. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.29 billion. GAP had a return on equity of 27.57% and a net margin of 4.52%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. As a group, equities research analysts expect that The Gap, Inc. will post 1.74 EPS for the current year.

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, July 10th. GAP’s payout ratio is currently 33.33%.

Insider Activity

In related news, CFO Katrina O’connell sold 20,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $29.01, for a total transaction of $580,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Katrina O’connell sold 20,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $29.01, for a total transaction of $580,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark Breitbard sold 93,809 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $28.14, for a total value of $2,639,785.26. Following the transaction, the chief executive officer now directly owns 141,377 shares in the company, valued at approximately $3,978,348.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 180,263 shares of company stock valued at $5,044,443. Company insiders own 31.00% of the company’s stock.

Institutional Trading of GAP

A number of large investors have recently made changes to their positions in GPS. BNP Paribas Financial Markets raised its holdings in shares of GAP by 33.0% in the 4th quarter. BNP Paribas Financial Markets now owns 367,130 shares of the apparel retailer’s stock worth $7,677,000 after purchasing an additional 91,151 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of GAP by 11.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 41,265 shares of the apparel retailer’s stock worth $863,000 after purchasing an additional 4,200 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of GAP by 90.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 74,080 shares of the apparel retailer’s stock worth $787,000 after purchasing an additional 35,223 shares during the period. GAMMA Investing LLC purchased a new stake in shares of GAP during the 4th quarter valued at about $42,000. Finally, New York State Teachers Retirement System raised its holdings in shares of GAP by 1.2% during the 4th quarter. New York State Teachers Retirement System now owns 263,675 shares of the apparel retailer’s stock valued at $5,513,000 after buying an additional 3,109 shares during the period. Institutional investors and hedge funds own 58.81% of the company’s stock.

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.