GAP (GPS) Sets New 12-Month Low at $21.67

Gap Inc (NYSE:GPS) shares hit a new 52-week low on Tuesday . The company traded as low as $21.67 and last traded at $22.02, with a volume of 29451 shares changing hands. The stock had previously closed at $22.03.

Several research analysts recently commented on the company. Goldman Sachs Group lowered GAP from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $27.00 to $23.00 in a research report on Tuesday, January 22nd. Standpoint Research lowered GAP from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Guggenheim reiterated a “hold” rating on shares of GAP in a research report on Friday, March 1st. Zacks Investment Research upgraded GAP from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Deutsche Bank lifted their price target on GAP from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $29.33.

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.96. The company has a market capitalization of $8.32 billion, a PE ratio of 8.55, a PEG ratio of 1.01 and a beta of 0.53.

GAP (NYSE:GPS) last announced its quarterly earnings data on Thursday, February 28th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The business 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 last year, the firm earned $0.61 earnings per share. Equities analysts anticipate that Gap Inc will post 2.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Tuesday, April 9th. GAP’s payout ratio is currently 37.45%.

In other news, CEO Sonia Syngal sold 11,764 shares of GAP stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $26.51, for a total transaction of $311,863.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Julie Gruber sold 3,286 shares of GAP stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $24.00, for a total transaction of $78,864.00. The disclosure for this sale can be found here. 37.60% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC grew its holdings in GAP by 29.9% in the first quarter. Cerebellum GP LLC now owns 13,035 shares of the apparel retailer’s stock worth $341,000 after purchasing an additional 3,003 shares during the last quarter. FMR LLC grew its holdings in GAP by 1,723.2% in the first quarter. FMR LLC now owns 251,986 shares of the apparel retailer’s stock worth $6,597,000 after purchasing an additional 238,165 shares during the last quarter. HighTower Advisors LLC grew its holdings in GAP by 6.5% in the first quarter. HighTower Advisors LLC now owns 10,387 shares of the apparel retailer’s stock worth $269,000 after purchasing an additional 630 shares during the last quarter. Man Group plc grew its holdings in GAP by 17.2% in the first quarter. Man Group plc now owns 367,925 shares of the apparel retailer’s stock worth $9,632,000 after purchasing an additional 53,881 shares during the last quarter. Finally, SEI Investments Co grew its holdings in GAP by 162.6% in the first quarter. SEI Investments Co now owns 173,079 shares of the apparel retailer’s stock worth $4,574,000 after purchasing an additional 107,170 shares during the last quarter. 57.79% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “GAP (GPS) Sets New 12-Month Low at $21.67” was posted by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.baseballdailydigest.com/news/2019/05/21/gap-gps-sets-new-12-month-low-at-21-67.html.

GAP Company Profile (NYSE:GPS)

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: How Do Investors Open a Backdoor Roth IRA?

Receive News & Ratings for GAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAP and related companies with MarketBeat.com's FREE daily email newsletter.