DIFFERENCE (New York Stock Exchange: GPS – Get a rating) had its price target lowered by BMO Capital Markets analysts from $16.00 to $13.00 in a research note released on Friday, Fly reports. BMO Capital Markets’ price target suggests a potential decline of 9.03% from the current share price.
A number of other equity research analysts have also weighed in on GPS recently. Wells Fargo & Company lowered its target price on GAP from $25.00 to $20.00 and set an “overweight” rating for the company in a Tuesday, April 5 report. Deutsche Bank Aktiengesellschaft cut its price target on GAP from $26.00 to $17.00 in a report on Friday. B. Riley cut his price target on GAP from $21.00 to $15.00 in a Friday, February 18 report. JPMorgan Chase & Co. raised its price target on GAP from $17.00 to $20.00 and gave the company a “neutral” rating in a Friday, March 4 report. Finally, Robert W. Baird cut his price target on GAP from $18.00 to $14.00 in a report on Friday. Four investment analysts gave the stock a sell rating, thirteen gave the company a hold rating and four gave the company a buy rating. According to data from MarketBeat, GAP currently has a consensus rating of “Hold” and a consensus price target of $19.93.
Shares of Stock GPS opened at $14.29 on Friday. The company has a market capitalization of $5.28 billion, a P/E ratio of 21.65, a PEG ratio of 0.62 and a beta of 1.70. The stock has a 50-day simple moving average of $14.37 and a 200-day simple moving average of $17.86. The company has a debt ratio of 0.55, a quick ratio of 0.53 and a current ratio of 1.27. GAP has a fifty-two week low of $12.78 and a fifty-two week high of $37.63.
DIFFERENCE (New York Stock Exchange: GPS – Get a rating) last released its results on Thursday, March 3. The clothing retailer reported ($0.02) earnings per share for the quarter, beating the Zacks consensus estimate of ($0.14) by $0.12. The company posted revenue of $4.53 billion in the quarter, versus a consensus estimate of $4.49 billion. GAP had a return on equity of 19.48% and a net margin of 1.54%. The company’s revenue for the quarter increased 2.3% year over year. During the same period a year earlier, the company posted earnings per share of $0.28. On average, research analysts predict that GAP will post 1.9 earnings per share for the current year.
Institutional investors and hedge funds have recently been buying and selling stocks. The Toronto Dominion Bank increased its position in GAP by 279.3% during the third quarter. The Toronto Dominion Bank now owns 261,262 shares of the clothing retailer valued at $5,931,000 after purchasing an additional 192,384 shares during the period. Russell Investments Group Ltd. increased its position in GAP by 600.2% during the fourth quarter. Russell Investments Group Ltd. now owns 899,727 shares of the clothing retailer worth $15,877,000 after purchasing an additional 771,230 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in GAP by 50.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,792 shares of the clothing retailer worth $49,000 after purchasing an additional 942 shares during the period. Geode Capital Management LLC increased its position in GAP by 5.3% during the third quarter. Geode Capital Management LLC now owns 3,753,327 shares of the clothing retailer worth $85,061,000 after purchasing an additional 190,085 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in GAP during the third quarter worth approximately $94,000. Institutional investors hold 58.29% of the company’s shares.
GAP Company Profile (Get a rating)
The Gap, Inc. operates as an apparel retail business. The company offers apparel, accessories and personal care products for men, women and children under the Old Navy, Gap, Banana Republic and Athleta brands. Its products include denim, t-shirts, fleeces and khakis; glasses, jewellery, shoes, handbags and perfumes; and fitness and lifestyle products for use in yoga, training, sports, travel and daily activities for women and girls.
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