Shares of Gap Inc (NYSE:GPS) have been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.87.

A number of equities research analysts recently commented on the stock. B. Riley reissued a “hold” rating and set a $18.00 target price on shares of GAP in a research report on Friday, November 22nd. Wedbush lowered their price target on shares of GAP from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Bank of America set a $14.00 price target on shares of GAP and gave the company a “sell” rating in a report on Friday, August 23rd. ValuEngine raised shares of GAP from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Telsey Advisory Group lowered shares of GAP from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $24.00 to $19.00 in a report on Friday, November 8th.

NYSE:GPS traded down $0.36 during midday trading on Tuesday, reaching $16.66. 388,636 shares of the stock traded hands, compared to its average volume of 5,708,475. GAP has a 12-month low of $15.11 and a 12-month high of $31.39. The business has a 50-day moving average of $16.91 and a two-hundred day moving average of $17.59. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.58 and a current ratio of 1.43. The stock has a market capitalization of $6.04 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 1.04 and a beta of 0.71.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend is Tuesday, January 7th. GAP’s dividend payout ratio (DPR) is presently 37.45%.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in GAP by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 28,829,631 shares of the apparel retailer’s stock worth $518,068,000 after purchasing an additional 210,846 shares during the last quarter. BlackRock Inc. boosted its position in shares of GAP by 6.9% during the 2nd quarter. BlackRock Inc. now owns 21,828,899 shares of the apparel retailer’s stock worth $392,265,000 after acquiring an additional 1,415,944 shares in the last quarter. State Street Corp increased its holdings in shares of GAP by 12.3% in the 3rd quarter. State Street Corp now owns 11,600,926 shares of the apparel retailer’s stock valued at $201,392,000 after acquiring an additional 1,271,187 shares during the last quarter. Invesco Ltd. increased its holdings in shares of GAP by 14.0% in the 2nd quarter. Invesco Ltd. now owns 7,517,993 shares of the apparel retailer’s stock valued at $135,098,000 after acquiring an additional 922,167 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of GAP by 43.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,053,569 shares of the apparel retailer’s stock worth $54,873,000 after acquiring an additional 923,316 shares in the last quarter. Hedge funds and other institutional investors own 60.67% 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.

Recommended Story: Range Trading

Analyst Recommendations for GAP (NYSE:GPS)

Receive News & Ratings for GAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAP and related companies with MarketBeat.com's FREE daily email newsletter.