GAP (NYSE:GPS) PT Raised to $15.00 at Deutsche Bank

GAP (NYSE:GPS) had its price target upped by equities researchers at Deutsche Bank from $13.00 to $15.00 in a research report issued on Monday, The Fly reports. The brokerage currently has a “hold” rating on the apparel retailer’s stock. Deutsche Bank’s price target points to a potential upside of 18.86% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Credit Suisse Group dropped their price objective on shares of GAP from $14.00 to $11.00 and set an “underperform” rating for the company in a report on Friday, March 13th. JPMorgan Chase & Co. raised shares of GAP from an “underweight” rating to a “neutral” rating and set a $11.00 target price for the company in a research report on Monday, June 1st. They noted that the move was a valuation call. TheStreet downgraded shares of GAP from a “c” rating to a “d” rating in a research report on Thursday, June 4th. Wedbush increased their target price on shares of GAP from $7.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Finally, B. Riley decreased their target price on shares of GAP from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.06.

Shares of NYSE GPS opened at $12.62 on Monday. The company has a 50 day simple moving average of $9.97 and a 200 day simple moving average of $12.60. The firm has a market cap of $4.51 billion, a PE ratio of -5.76 and a beta of 1.46. GAP has a 1 year low of $5.26 and a 1 year high of $19.86. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.23 and a quick ratio of 0.58.

GAP (NYSE:GPS) last issued its quarterly earnings data on Thursday, June 4th. The apparel retailer reported ($2.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($1.84). The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.35 billion. GAP had a negative net margin of 5.47% and a negative return on equity of 8.63%. The firm’s quarterly revenue was down 43.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. As a group, research analysts anticipate that GAP will post -2.31 earnings per share for the current fiscal year.

In related news, insider John Strain acquired 5,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were acquired at an average cost of $12.84 per share, for a total transaction of $70,620.00. Following the purchase, the insider now owns 7,005 shares in the company, valued at $89,944.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 45.30% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. Orion Portfolio Solutions LLC bought a new position in GAP during the 4th quarter valued at $44,000. Vestcor Investment Management Corp bought a new position in GAP during the 4th quarter valued at $65,000. Quadrant Capital Group LLC raised its stake in shares of GAP by 50.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,287 shares of the apparel retailer’s stock worth $71,000 after purchasing an additional 1,435 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in shares of GAP by 31.9% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 10,906 shares of the apparel retailer’s stock worth $77,000 after purchasing an additional 2,640 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of GAP by 28.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 11,777 shares of the apparel retailer’s stock worth $83,000 after purchasing an additional 2,602 shares during the period. Institutional investors and hedge funds own 61.41% of the company’s stock.

GAP Company Profile

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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