GAP (NYSE:GPS) Shares Gap Down to $16.63

Gap Inc (NYSE:GPS) gapped down prior to trading on Wednesday . The stock had previously closed at $17.01, but opened at $16.63. GAP shares last traded at $16.17, with a volume of 5,892,094 shares trading hands.

GPS has been the subject of several recent research reports. MKM Partners set a $18.00 price target on shares of GAP and gave the stock a “hold” rating in a research report on Friday, September 13th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $16.00 price objective (down from $20.00) on shares of GAP in a report on Friday, November 8th. Morgan Stanley set a $15.00 price objective on GAP and gave the company a “sell” rating in a research note on Friday, September 13th. Deutsche Bank lowered their price objective on GAP from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Finally, Credit Suisse Group cut GAP from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $20.00 to $14.00 in a report on Friday, October 18th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.87.

The stock has a market capitalization of $6.04 billion, a P/E ratio of 6.44, a PEG ratio of 1.04 and a beta of 0.71. The company’s 50 day simple moving average is $16.89 and its two-hundred day simple moving average is $17.57. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.43 and a quick ratio of 0.58.

GAP (NYSE:GPS) last posted its earnings results on Thursday, November 21st. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. GAP had a net margin of 4.97% and a return on equity of 22.33%. GAP’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, research analysts anticipate that Gap Inc will post 1.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.2425 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $0.97 annualized dividend and a yield of 5.81%. GAP’s payout ratio is 37.45%.

Institutional investors have recently bought and sold shares of the business. Stephens Inc. AR increased its stake in shares of GAP by 65.0% in the second quarter. Stephens Inc. AR now owns 64,942 shares of the apparel retailer’s stock valued at $1,167,000 after buying an additional 25,581 shares in the last quarter. First Trust Advisors LP lifted its position in GAP by 25.0% during the 3rd quarter. First Trust Advisors LP now owns 1,456,755 shares of the apparel retailer’s stock worth $25,289,000 after buying an additional 291,513 shares in the last quarter. Virtu Financial LLC grew its holdings in GAP by 39.9% during the 3rd quarter. Virtu Financial LLC now owns 48,019 shares of the apparel retailer’s stock worth $834,000 after acquiring an additional 13,705 shares during the last quarter. Redwood Investment Management LLC bought a new stake in GAP during the 3rd quarter worth about $343,000. Finally, Bank of Montreal Can increased its position in GAP by 14.6% in the 2nd quarter. Bank of Montreal Can now owns 1,475,280 shares of the apparel retailer’s stock valued at $26,510,000 after acquiring an additional 187,536 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

GAP Company Profile (NYSE:GPS)

The Gap, Inc operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands. Its products include denim, tees, button-downs, khakis, and other products; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities to women and girls.

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