Gap, Inc. (The) (NYSE:GPS) had its price objective hoisted by Royal Bank Of Canada from $26.00 to $28.00 in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have a sector perform rating on the apparel retailer’s stock.

A number of other research analysts have also issued reports on GPS. KeyCorp reissued a buy rating and issued a $33.00 target price on shares of Gap, Inc. (The) in a report on Tuesday, September 26th. B. Riley set a $25.00 price target on Gap, Inc. (The) and gave the company a hold rating in a research note on Friday. BMO Capital Markets set a $23.00 price target on Gap, Inc. (The) and gave the company a hold rating in a research note on Tuesday, August 8th. Oppenheimer Holdings, Inc. set a $28.00 price target on Gap, Inc. (The) and gave the company a buy rating in a research note on Thursday, August 17th. Finally, Robert W. Baird set a $26.00 price target on Gap, Inc. (The) and gave the company a hold rating in a research note on Sunday, October 1st. Four investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $27.51.

Gap, Inc. (GPS) opened at $29.40 on Friday. The stock has a market capitalization of $11,530.00, a P/E ratio of 14.48, a PEG ratio of 1.77 and a beta of 0.86. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.41. Gap, Inc. has a twelve month low of $21.02 and a twelve month high of $30.14.

Gap, Inc. (The) (NYSE:GPS) last released its earnings results on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. Gap, Inc. (The) had a return on equity of 27.47% and a net margin of 5.57%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. sell-side analysts forecast that Gap, Inc. will post 2.08 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Tuesday, January 2nd. Gap, Inc. (The)’s dividend payout ratio is presently 42.20%.

In other Gap, Inc. (The) news, Director William Sydney Fisher sold 666,849 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $27.99, for a total transaction of $18,665,103.51. Following the transaction, the director now owns 12,237,873 shares of the company’s stock, valued at approximately $342,538,065.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeff Kirwan sold 1,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.38, for a total value of $29,380.00. Following the transaction, the chief executive officer now directly owns 25,268 shares in the company, valued at approximately $742,373.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 676,682 shares of company stock worth $18,906,180. 27.30% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in GPS. Prudential Financial Inc. lifted its holdings in Gap, Inc. (The) by 202.2% during the 2nd 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. Skandinaviska Enskilda Banken AB publ lifted its holdings in Gap, Inc. (The) by 305.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,624,032 shares of the apparel retailer’s stock worth $77,488,000 after buying an additional 1,976,200 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Gap, Inc. (The) by 10.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,710,283 shares of the apparel retailer’s stock worth $316,275,000 after buying an additional 1,030,160 shares during the last quarter. APG Asset Management N.V. lifted its holdings in Gap, Inc. (The) by 27.7% during the 3rd quarter. APG Asset Management N.V. now owns 4,652,508 shares of the apparel retailer’s stock worth $137,389,000 after buying an additional 1,009,400 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Gap, Inc. (The) by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 23,743,881 shares of the apparel retailer’s stock worth $522,127,000 after buying an additional 643,396 shares during the last quarter. 57.67% 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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