GAP (GPS) Given “Hold” Rating at Guggenheim

GAP (NYSE:GPS)‘s stock had its “hold” rating reiterated by equities research analysts at Guggenheim in a note issued to investors on Sunday, AnalystRatings.com reports.

Several other brokerages also recently issued reports on GPS. Standpoint Research raised shares of GAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Deutsche Bank increased their price objective on shares of GAP from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Credit Suisse Group lowered their price objective on shares of GAP from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, February 26th. ValuEngine raised shares of GAP from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research downgraded shares of GAP from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.33.

GPS opened at $25.97 on Friday. The company has a market cap of $9.83 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 1.17 and a beta of 0.53. GAP has a 1 year low of $24.25 and a 1 year high of $34.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.96 and a quick ratio of 0.98.

GAP (NYSE:GPS) last posted its earnings results on Thursday, February 28th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The firm had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.72 billion. GAP had a net margin of 6.05% and a return on equity of 29.65%. During the same quarter in the prior year, the company earned $0.61 EPS. On average, analysts expect that GAP will post 2.49 earnings per share for the current year.

In other news, CEO Sonia Syngal sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $26.51, for a total transaction of $311,863.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 30.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in GAP by 8.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 130,717 shares of the apparel retailer’s stock worth $3,367,000 after purchasing an additional 9,647 shares during the last quarter. Nordea Investment Management AB lifted its stake in GAP by 9.4% during the third quarter. Nordea Investment Management AB now owns 63,016 shares of the apparel retailer’s stock worth $1,818,000 after purchasing an additional 5,437 shares during the last quarter. MHI Funds LLC bought a new position in GAP during the fourth quarter worth $1,814,000. CSat Investment Advisory L.P. lifted its stake in GAP by 20.3% during the fourth quarter. CSat Investment Advisory L.P. now owns 6,068 shares of the apparel retailer’s stock worth $156,000 after purchasing an additional 1,022 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in GAP by 248.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 248,024 shares of the apparel retailer’s stock worth $6,389,000 after purchasing an additional 176,841 shares during the last quarter. Institutional investors own 58.43% 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.

Read More: What Does a Sell-Side Analyst Rating Mean?

Analyst Recommendations for GAP (NYSE:GPS)

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