Gap, Inc. (The) (NYSE:GPS) PT Set at $23.00 by BMO Capital Markets

Gap, Inc. (The) (NYSE:GPS) has been assigned a $23.00 price target by analysts at BMO Capital Markets in a research report issued on Tuesday, August 8th. The brokerage presently has a “hold” rating on the apparel retailer’s stock. BMO Capital Markets’ price objective suggests a potential upside of 1.55% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. TheStreet upgraded Gap, Inc. (The) from a “c” rating to a “b-” rating in a report on Thursday, April 20th. Jefferies Group LLC set a $34.00 price objective on Gap, Inc. (The) and gave the stock a “buy” rating in a report on Thursday, May 4th. ValuEngine downgraded Gap, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised Gap, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, August 8th. Finally, Oppenheimer Holdings, Inc. set a $24.00 target price on Gap, Inc. (The) and gave the stock a “hold” rating in a research note on Monday, May 22nd. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.63.

Shares of Gap, Inc. (NYSE GPS) traded down 0.13% during mid-day trading on Tuesday, hitting $22.65. 18,942,315 shares of the stock traded hands. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 10.79 and a beta of 0.87. Gap, Inc. has a 52 week low of $21.02 and a 52 week high of $30.74. The firm’s 50-day moving average is $23.13 and its 200-day moving average is $23.68.

Gap, Inc. (The) (NYSE:GPS) last announced its earnings results on Thursday, August 17th. The apparel retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.77 billion. Gap, Inc. (The) had a return on equity of 28.79% and a net margin of 5.42%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. On average, analysts forecast that Gap, Inc. will post $2.00 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of the stock. ARP Americas LLC increased its stake in shares of Gap, Inc. (The) by 3.9% in the first quarter. ARP Americas LLC now owns 10,538 shares of the apparel retailer’s stock worth $256,000 after buying an additional 400 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Gap, Inc. (The) by 12.3% in the first quarter. Glen Harbor Capital Management LLC now owns 150,368 shares of the apparel retailer’s stock worth $3,652,000 after buying an additional 16,464 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Gap, Inc. (The) by 10.5% in the first quarter. Acadian Asset Management LLC now owns 116,471 shares of the apparel retailer’s stock worth $2,829,000 after buying an additional 11,100 shares during the last quarter. Foster & Motley Inc. bought a new stake in shares of Gap, Inc. (The) during the first quarter worth approximately $217,000. Finally, Nationwide Fund Advisors increased its stake in shares of Gap, Inc. (The) by 90.6% in the first quarter. Nationwide Fund Advisors now owns 118,671 shares of the apparel retailer’s stock worth $2,883,000 after buying an additional 56,424 shares during the last quarter. Institutional investors and hedge funds own 57.30% of the company’s stock.

About Gap, Inc. (The)

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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