Analysts Set Gap Inc (NYSE:GPS) PT at $17.27

Gap Inc (NYSE:GPS) has earned a consensus rating of “Hold” from the twenty-one research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $17.27.

Several brokerages recently weighed in on GPS. Wedbush dropped their target price on GAP from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Royal Bank of Canada increased their target price on GAP from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, January 17th. B. Riley restated a “hold” rating and set a $18.00 target price on shares of GAP in a report on Friday, November 22nd. Jefferies Financial Group cut GAP from a “buy” rating to a “hold” rating and dropped their target price for the company from $24.00 to $17.00 in a report on Monday, January 6th. Finally, Bank of America restated a “sell” rating and set a $13.00 target price on shares of GAP in a report on Friday, January 17th.

GPS stock traded down $0.67 during trading on Friday, hitting $14.70. 7,455,977 shares of the company traded hands, compared to its average volume of 5,363,083. The firm has a market capitalization of $6.08 billion, a PE ratio of 6.90, a P/E/G ratio of 1.06 and a beta of 0.75. GAP has a 1 year low of $14.69 and a 1 year high of $31.39. The company has a 50-day moving average of $17.83 and a 200-day moving average of $17.27. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.58 and a current ratio of 1.43.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPS. FMR LLC raised its position in GAP by 1,723.2% during the 1st quarter. FMR LLC now owns 251,986 shares of the apparel retailer’s stock valued at $6,597,000 after purchasing an additional 238,165 shares during the last quarter. BlackRock Inc. raised its position in GAP by 6.9% during the 2nd quarter. BlackRock Inc. now owns 21,828,899 shares of the apparel retailer’s stock valued at $392,265,000 after purchasing an additional 1,415,944 shares during the last quarter. Envestnet Asset Management Inc. raised its position in GAP by 217.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 361,133 shares of the apparel retailer’s stock valued at $6,269,000 after purchasing an additional 247,345 shares during the last quarter. World Asset Management Inc raised its position in GAP by 10.9% during the 3rd quarter. World Asset Management Inc now owns 22,227 shares of the apparel retailer’s stock valued at $386,000 after purchasing an additional 2,184 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in GAP by 1.8% during the 3rd quarter. State of Michigan Retirement System now owns 51,546 shares of the apparel retailer’s stock valued at $895,000 after purchasing an additional 900 shares during the last quarter. 59.41% of the stock is owned by institutional investors and hedge funds.

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, 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.

See Also: Accumulation/Distribution

Analyst Recommendations for GAP (NYSE:GPS)

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