GAP (NYSE:GPS) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of GAP (NYSE:GPS) in a report released on Wednesday morning, Benzinga reports. The firm currently has a $11.00 target price on the apparel retailer’s stock.

Several other brokerages also recently weighed in on GPS. Robert W. Baird cut their price target on shares of GAP from $12.00 to $10.00 in a report on Friday, May 26th. StockNews.com started coverage on shares of GAP in a report on Thursday, August 17th. They issued a hold rating on the stock. Citigroup increased their price target on shares of GAP from $9.00 to $11.00 and gave the stock a neutral rating in a report on Friday, August 18th. Bank of America increased their price target on shares of GAP from $8.50 to $9.00 and gave the stock an underperform rating in a report on Friday, August 25th. Finally, TheStreet upgraded shares of GAP from a d+ rating to a c- rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $11.43.

GAP Stock Performance

GPS opened at $11.20 on Wednesday. GAP has a 52-week low of $7.22 and a 52-week high of $15.49. The company has a quick ratio of 0.67, a current ratio of 1.41 and a debt-to-equity ratio of 0.72. The company has a market cap of $4.12 billion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. The firm’s 50-day moving average price is $10.33 and its 200-day moving average price is $9.66.

GAP (NYSE:GPS) last posted its quarterly earnings data on Thursday, August 24th. The apparel retailer reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.25. GAP had a net margin of 0.71% and a return on equity of 5.06%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that GAP will post 0.7 EPS for the current fiscal year.

GAP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.36%. GAP’s dividend payout ratio (DPR) is 206.90%.

Insider Activity

In other news, CEO Horacio Barbeito sold 154,599 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $10.26, for a total transaction of $1,586,185.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Horacio Barbeito sold 154,599 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $10.26, for a total transaction of $1,586,185.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Katrina O’connell sold 24,509 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $10.36, for a total value of $253,913.24. The disclosure for this sale can be found here. Insiders have sold 179,655 shares of company stock worth $1,846,455 in the last quarter. Corporate insiders own 30.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinkerton Retirement Specialists LLC lifted its holdings in GAP by 13.4% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 56,992 shares of the apparel retailer’s stock valued at $572,000 after purchasing an additional 6,742 shares in the last quarter. Rhumbline Advisers lifted its holdings in GAP by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 622,998 shares of the apparel retailer’s stock valued at $5,563,000 after purchasing an additional 5,096 shares in the last quarter. California Public Employees Retirement System lifted its holdings in GAP by 19.9% in the 2nd quarter. California Public Employees Retirement System now owns 345,958 shares of the apparel retailer’s stock valued at $3,089,000 after purchasing an additional 57,395 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its holdings in GAP by 6.0% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 1,405,421 shares of the apparel retailer’s stock valued at $12,550,000 after purchasing an additional 80,128 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of GAP in the 2nd quarter worth $254,000. Hedge funds and other institutional investors own 61.71% of the company’s stock.

About GAP

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 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.