Barclays cut shares of GAP (NYSE:GPS) from an overweight rating to an underweight rating in a report released on Friday morning, MarketBeat Ratings reports. The firm currently has $25.25 price objective on the apparel retailer’s stock.

Other research analysts also recently issued reports about the company. Wedbush set a $25.00 target price on GAP and gave the stock a neutral rating in a research note on Thursday, October 11th. MKM Partners reduced their target price on GAP to $30.00 and set a neutral rating for the company in a research note on Wednesday, November 28th. Standpoint Research raised GAP from a hold rating to a buy rating and set a $32.00 target price for the company in a research note on Friday, October 19th. ValuEngine downgraded GAP from a hold rating to a sell rating in a research note on Thursday, November 1st. Finally, Goldman Sachs Group assumed coverage on GAP in a research note on Thursday, October 25th. They set a neutral rating and a $28.00 target price for the company. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the stock. GAP has a consensus rating of Hold and a consensus target price of $30.97.

GAP stock traded down $0.01 during mid-day trading on Friday, hitting $25.24. The company had a trading volume of 4,509,064 shares, compared to its average volume of 6,708,400. The company has a current ratio of 1.97, a quick ratio of 0.85 and a debt-to-equity ratio of 0.36. GAP has a 12-month low of $24.25 and a 12-month high of $35.68. The firm has a market cap of $9.94 billion, a PE ratio of 11.85, a P/E/G ratio of 1.13 and a beta of 0.67.

GAP (NYSE:GPS) last released its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. GAP had a return on equity of 29.45% and a net margin of 5.57%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the firm posted $0.58 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that GAP will post 2.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 30th. Investors of record on Wednesday, January 9th will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Tuesday, January 8th. GAP’s dividend payout ratio is currently 45.54%.

A number of hedge funds and other institutional investors have recently bought and sold shares of GPS. GSA Capital Partners LLP acquired a new position in GAP in the 2nd quarter valued at $457,000. PNC Financial Services Group Inc. increased its stake in shares of GAP by 22.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 24,680 shares of the apparel retailer’s stock worth $799,000 after acquiring an additional 4,544 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of GAP by 20.9% in the 2nd quarter. Van ECK Associates Corp now owns 30,941 shares of the apparel retailer’s stock worth $1,002,000 after acquiring an additional 5,353 shares during the last quarter. AMP Capital Investors Ltd increased its stake in shares of GAP by 5.6% in the 2nd quarter. AMP Capital Investors Ltd now owns 201,589 shares of the apparel retailer’s stock worth $6,528,000 after acquiring an additional 10,614 shares during the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of GAP in the 2nd quarter worth $5,025,000. 56.53% of the stock is owned by hedge funds and other institutional investors.

About GAP

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, and Intermix 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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Analyst Recommendations for GAP (NYSE:GPS)

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