GAP (NYSE:GPS) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of GAP (NYSE:GPS) in a research report issued on Monday. The brokerage set a “buy” rating on the apparel retailer’s stock.

GPS has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of GAP from $20.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Jefferies Financial Group boosted their price objective on shares of GAP from $17.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. Evercore ISI boosted their price objective on shares of GAP from $24.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Barclays upped their price target on shares of GAP from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Finally, BMO Capital Markets upped their price target on shares of GAP from $18.00 to $23.00 and gave the stock a “market perform” rating in a research report on Friday, May 31st. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.08.

GAP Stock Up 4.4 %

GAP stock opened at $24.55 on Monday. The stock has a market capitalization of $9.21 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.40 and a beta of 2.38. GAP has a twelve month low of $9.38 and a twelve month high of $30.75. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $23.26 and a 200-day moving average of $22.88.

Insider Activity

In related news, Director Tracy Gardner sold 2,934 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $23.48, for a total value of $68,890.32. Following the transaction, the director now directly owns 51,901 shares in the company, valued at $1,218,635.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 30.81% of the company’s stock.

Hedge Funds Weigh In On GAP

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of GAP by 25.8% in the second quarter. GAMMA Investing LLC now owns 2,157 shares of the apparel retailer’s stock valued at $52,000 after acquiring an additional 443 shares in the last quarter. Plato Investment Management Ltd grew its stake in shares of GAP by 37.2% in the first quarter. Plato Investment Management Ltd now owns 1,965 shares of the apparel retailer’s stock valued at $54,000 after acquiring an additional 533 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in GAP during the fourth quarter worth about $73,000. First Horizon Advisors Inc. grew its stake in GAP by 4,441.3% during the second quarter. First Horizon Advisors Inc. now owns 4,950 shares of the apparel retailer’s stock worth $118,000 after buying an additional 4,841 shares in the last quarter. Finally, VitalStone Financial LLC acquired a new stake in GAP during the fourth quarter worth about $197,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

GAP Company Profile

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 adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.