GAP (NYSE:GAP) Receives Market Perform Rating from Telsey Advisory Group

Key Points

• Telsey Advisory Group has restated its "market perform" rating for GAP, with a price target of $26.00, indicating a potential upside of 21.39% from the stock's previous close.
• Multiple firms have varying ratings for GAP, with JPMorgan Chase raising its target to $29.00, while Bank of America lowered its target to $21.00, showing the mixed sentiments among analysts.
• GAP's recent earnings report showed a net margin of 5.80% and a revenue increase of 2.2% year-over-year, outperforming analyst expectations with earnings per share of $0.51.

GAP (NYSE:GAP - Get Free Report)'s stock had its "market perform" rating restated by stock analysts at Telsey Advisory Group in a report released on Monday,Benzinga reports. They currently have a $26.00 price objective on the stock. Telsey Advisory Group's target price indicates a potential upside of 21.39% from the stock's previous close.

Several other research firms have also commented on GAP. JPMorgan Chase & Co. increased their target price on shares of GAP from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Bank of America cut their target price on shares of GAP from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, August 19th. Barclays lowered shares of GAP from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $24.00 to $19.00 in a report on Friday. Evercore ISI cut their price target on shares of GAP from $27.00 to $24.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Finally, Wells Fargo & Company lowered shares of GAP from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $30.00 to $24.00 in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, GAP has an average rating of "Hold" and a consensus target price of $25.73.

GAP Stock Up 1.0%

GAP stock opened at $21.4180 on Monday. GAP has a 12 month low of $16.99 and a 12 month high of $29.29. The firm 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. The firm has a 50 day simple moving average of $21.01 and a 200 day simple moving average of $21.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.71 and a quick ratio of 0.98.

GAP (NYSE:GAP - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.44 by $0.07. GAP had a net margin of 5.80% and a return on equity of 27.86%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same period in the prior year, the business earned $0.41 earnings per share. The business's quarterly 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 research analysts forecast that GAP will post 2.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GAP

A number of hedge funds have recently modified their holdings of GAP. Dodge & Cox acquired a new position in shares of GAP in the first quarter worth $592,222,000. Ameriprise Financial Inc. acquired a new position in shares of GAP in the first quarter worth $63,674,000. Bank of New York Mellon Corp acquired a new position in shares of GAP in the first quarter worth $56,763,000. LSV Asset Management increased its stake in shares of GAP by 101.0% in the second quarter. LSV Asset Management now owns 3,184,477 shares of the company's stock worth $69,453,000 after acquiring an additional 1,600,041 shares during the last quarter. Finally, Rhumbline Advisers acquired a new position in shares of GAP in the first quarter worth $12,210,000. 58.81% of the stock is owned by institutional investors and hedge funds.

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.

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