GAP (NYSE:GPS) Price Target Lowered to $13.00 at Telsey Advisory Group

GAP (NYSE:GPSGet Rating) had its price target reduced by Telsey Advisory Group from $15.00 to $13.00 in a research note published on Friday, Stock Target Advisor reports. They currently have a market perform rating on the apparel retailer’s stock.

Several other brokerages have also commented on GPS. Morgan Stanley lowered GAP from an equal weight rating to an underweight rating and decreased their target price for the stock from $13.00 to $8.00 in a research report on Friday. Citigroup lowered GAP from a neutral rating to a sell rating and decreased their target price for the stock from $13.00 to $8.00 in a research report on Monday, May 23rd. JPMorgan Chase & Co. lowered GAP from a neutral rating to an underweight rating and decreased their target price for the stock from $11.00 to $9.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on GAP from $26.00 to $17.00 and set a buy rating for the company in a research report on Friday, April 22nd. Finally, Bank of America lowered GAP from a neutral rating to an underperform rating and reduced their price objective for the company from $26.00 to $14.00 in a research report on Tuesday, February 15th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $14.14.

GPS stock opened at $11.60 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.27 and a debt-to-equity ratio of 0.55. GAP has a 52-week low of $9.24 and a 52-week high of $35.14. The stock’s 50 day moving average is $13.01 and its two-hundred day moving average is $15.83. The company has a market capitalization of $4.29 billion, a PE ratio of 17.58, a P/E/G ratio of 0.73 and a beta of 1.66.

GAP (NYSE:GPSGet Rating) last posted its quarterly earnings data on Thursday, May 26th. The apparel retailer reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.31). GAP had a return on equity of 19.48% and a net margin of 1.54%. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. GAP’s revenue for the quarter was down 12.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that GAP will post 1.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend is Tuesday, July 5th. GAP’s dividend payout ratio (DPR) is presently 90.91%.

Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in GAP by 600.2% during the fourth quarter. Russell Investments Group Ltd. now owns 899,727 shares of the apparel retailer’s stock valued at $15,877,000 after buying an additional 771,230 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in GAP by 50.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,792 shares of the apparel retailer’s stock valued at $49,000 after buying an additional 942 shares during the period. Geode Capital Management LLC raised its position in GAP by 5.3% during the third quarter. Geode Capital Management LLC now owns 3,753,327 shares of the apparel retailer’s stock valued at $85,061,000 after buying an additional 190,085 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in GAP during the third quarter valued at $94,000. Finally, Arizona State Retirement System grew its stake in GAP by 1.2% in the third quarter. Arizona State Retirement System now owns 61,714 shares of the apparel retailer’s stock valued at $1,401,000 after purchasing an additional 711 shares in the last quarter. 58.23% of the stock is currently owned by institutional investors.

GAP Company Profile (Get Rating)

The Gap, Inc operates as an apparel retail company. 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, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.

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Analyst Recommendations for GAP (NYSE:GPS)

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