GAP's (GAP) Neutral Rating Reaffirmed at Citigroup

Key Points

• Citigroup has reaffirmed a "neutral" rating for GAP with a price target of $22.00, suggesting a potential upside of 6.31% from its previous closing price.
• GAP's stock has received mixed ratings from various analysts, with a current average price target of $26.93 and a distribution of ratings that includes seven "Buy" and eight "Hold" ratings.
• In its latest quarterly earnings report, GAP exceeded analysts' expectations with earnings per share (EPS) of $0.51 and reported a revenue of $3.46 billion.

GAP (NYSE:GAP - Get Free Report)'s stock had its "neutral" rating reissued by equities researchers at Citigroup in a note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $22.00 target price on the stock, down from their previous target price of $30.00. Citigroup's price objective points to a potential upside of 2.72% from the stock's previous close.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their target price on GAP from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Wall Street Zen lowered GAP from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. 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. The Goldman Sachs Group cut their target price on GAP from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, Evercore ISI cut their target price on GAP from $27.00 to $24.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, GAP presently has a consensus rating of "Hold" and a consensus price target of $25.73.

GAP Stock Up 1.0%

Shares of GAP stock traded up $0.2180 on Wednesday, hitting $21.4180. The stock had a trading volume of 11,248,362 shares, compared to its average volume of 6,987,653. The company has a quick ratio of 0.98, a current ratio of 1.71 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $21.01 and a 200 day moving average price of $21.75. The company has a market cap of $8.07 billion, a PE ratio of 9.27, a P/E/G ratio of 2.37 and a beta of 2.15. GAP has a one year low of $16.99 and a one year high of $29.29.

GAP (NYSE:GAP - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.41 billion. GAP had a return on equity of 27.86% and a net margin of 5.80%.The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. GAP has set its FY 2025 guidance at EPS. Q2 2025 guidance at EPS. Research analysts anticipate that GAP will post 2.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GAP

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new stake in shares of GAP during the first quarter worth about $56,763,000. Nisa Investment Advisors LLC purchased a new stake in GAP in the first quarter valued at approximately $832,000. Atlas Capital Advisors Inc. purchased a new stake in GAP in the first quarter valued at approximately $264,000. New York State Teachers Retirement System purchased a new stake in GAP in the first quarter valued at approximately $5,065,000. Finally, New Mexico Educational Retirement Board purchased a new stake in GAP in the first quarter valued at approximately $892,000. Hedge funds and other institutional investors own 58.81% of the company's stock.

About GAP

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.