GAP’s (GAP) “Neutral” Rating Reiterated at Citigroup

Citigroup reiterated their neutral rating on shares of GAP (NYSE:GAP) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. Citigroup currently has a $22.00 price target on the stock, down from their prior price target of $30.00.

Other research analysts also recently issued reports about the company. Barclays lifted their target price on GAP from $26.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, May 27th. Morgan Stanley reduced their price target on GAP from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Evercore ISI reduced their price target on GAP from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. UBS Group reduced their price target on GAP from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, May 30th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 price target on shares of GAP in a report on Friday, May 30th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $25.73.

GAP Trading Up 1.0%

Shares of GAP stock opened at $21.4180 on Wednesday. The business’s 50 day moving average is $21.01 and its two-hundred day moving average is $21.75. GAP has a twelve month low of $16.99 and a twelve month high of $29.29. The company has a market capitalization of $8.07 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 2.34 and a beta of 2.15. The company has a current ratio of 1.71, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45.

GAP (NYSE:GAP) last announced its earnings results on Thursday, May 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.07. GAP had a return on equity of 27.86% and a net margin of 5.80%.The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same period last year, the business posted $0.41 EPS. The company’s revenue was up 2.2% on a year-over-year basis. GAP has set its FY 2025 guidance at EPS. Q2 2025 guidance at EPS. Equities analysts forecast that GAP will post 2.02 EPS for the current year.

GAP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 8th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.66 annualized dividend and a yield of 3.1%. GAP’s payout ratio is currently 28.57%.

Hedge Funds Weigh In On GAP

Several hedge funds and other institutional investors have recently bought and sold shares of GAP. California State Teachers Retirement System acquired a new position in GAP during the fourth quarter worth $4,953,000. GAMMA Investing LLC acquired a new position in GAP during the first quarter worth $1,971,000. Rhumbline Advisers acquired a new position in GAP during the first quarter worth $12,210,000. SG Americas Securities LLC acquired a new position in GAP during the first quarter worth $3,519,000. Finally, Handelsbanken Fonder AB acquired a new position in GAP during the first quarter worth $1,107,000. 58.81% of the stock is owned by institutional investors and hedge funds.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.