Gap Inc (NYSE:GPS) gapped down prior to trading on Thursday . The stock had previously closed at $26.95, but opened at $26.06. GAP shares last traded at $25.25, with a volume of 6404616 shares changing hands.
Several equities research analysts have issued reports on the stock. MKM Partners lowered their price objective on shares of GAP to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, November 28th. Barclays reissued a “buy” rating and issued a $33.00 price objective on shares of GAP in a research report on Thursday, November 22nd. ValuEngine cut shares of GAP from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. B. Riley lowered their price objective on shares of GAP from $33.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, November 21st. Finally, Standpoint Research raised shares of GAP from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Friday, October 19th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.30.
The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.85 and a current ratio of 1.97. The firm has a market cap of $9.69 billion, a P/E ratio of 11.85, a PEG ratio of 1.10 and a beta of 0.67.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 30th. Investors of record on Wednesday, January 9th will be paid a dividend of $0.2425 per share. The ex-dividend date is Tuesday, January 8th. This represents a $0.97 annualized dividend and a dividend yield of 3.84%. GAP’s dividend payout ratio (DPR) is presently 45.54%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in shares of GAP by 4.1% during the 3rd quarter. Wells Fargo & Company MN now owns 4,306,449 shares of the apparel retailer’s stock worth $124,241,000 after acquiring an additional 168,980 shares in the last quarter. Empowered Funds LLC raised its stake in shares of GAP by 8.2% during the 3rd quarter. Empowered Funds LLC now owns 105,660 shares of the apparel retailer’s stock worth $3,030,000 after acquiring an additional 7,976 shares in the last quarter. Marathon Trading Investment Management LLC bought a new position in shares of GAP during the 3rd quarter worth approximately $399,000. Royal London Asset Management Ltd. bought a new position in shares of GAP during the 2nd quarter worth approximately $3,024,000. Finally, Worldquant Millennium Quantitative Strategies LLC raised its stake in shares of GAP by 29.3% during the 3rd quarter. Worldquant Millennium Quantitative Strategies LLC now owns 200,674 shares of the apparel retailer’s stock worth $5,789,000 after acquiring an additional 45,530 shares in the last quarter. Hedge funds and other institutional investors own 56.53% of the company’s stock.
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About GAP (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, and Intermix 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.
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