GAP's (GAP) "Equal Weight" Rating Reiterated at Wells Fargo & Company

Key Points

• Wells Fargo reiterated its “equal weight” rating on GAP but cut its price target to $22 from $26, implying 7.12% upside from the prior close.
• Analyst sentiment remains cautiously positive, with GAP holding a “Moderate Buy” consensus rating and an average price target of $27.57; several firms recently lowered their targets.
• GAP’s latest quarter slightly missed expectations, reporting $0.38 in EPS and $3.50 billion in revenue, while shares opened at $20.54 and remain near the lower end of their 12-month range.

GAP (NYSE:GAP - Get Free Report)'s stock had its "equal weight" rating reiterated by Wells Fargo & Company in a report issued on Friday,Benzinga reports. They presently have a $22.00 price objective on the stock, down from their previous price objective of $26.00. Wells Fargo & Company's price objective indicates a potential upside of 7.12% from the stock's previous close.

A number of other equities analysts have also recently commented on GAP. Barclays lowered their price target on GAP from $33.00 to $26.00 and set an "overweight" rating for the company in a report on Friday, May 29th. The Goldman Sachs Group reduced their price objective on GAP from $32.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday, May 29th. TD Cowen decreased their target price on GAP from $32.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, May 18th. BTIG Research set a $26.00 target price on GAP in a research note on Thursday, July 30th. Finally, Weiss Ratings cut shares of GAP from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $27.57.

GAP Price Performance

GAP stock opened at $20.54 on Friday. The company's 50-day moving average price is $20.31 and its two-hundred day moving average price is $23.63. The firm has a market cap of $7.39 billion, a P/E ratio of 8.09, a P/E/G ratio of 1.21 and a beta of 2.05. The company has a quick ratio of 1.08, a current ratio of 1.81 and a debt-to-equity ratio of 0.41. GAP has a 12 month low of $18.11 and a 12 month high of $29.36.

GAP (NYSE:GAP - Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.01). The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. GAP had a return on equity of 21.13% and a net margin of 6.25%.The business's revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. GAP has set its FY 2026 guidance at 2.300-2.400 EPS. On average, analysts anticipate that GAP will post 2.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GAP

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in GAP by 42.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,407,809 shares of the company's stock valued at $96,134,000 after acquiring an additional 1,318,322 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in shares of GAP by 112.2% during the first quarter. Miller Howard Investments Inc. NY now owns 1,704,021 shares of the company's stock worth $41,237,000 after purchasing an additional 900,855 shares during the period. Jump Financial LLC lifted its holdings in shares of GAP by 2,197.8% during the third quarter. Jump Financial LLC now owns 645,150 shares of the company's stock worth $13,800,000 after purchasing an additional 617,073 shares during the period. Bank of New York Mellon Corp grew its stake in shares of GAP by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,195,934 shares of the company's stock worth $81,816,000 after purchasing an additional 368,191 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of GAP in the fourth quarter worth $4,801,000. Institutional investors own 58.81% of the company's stock.

GAP Company Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand's distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world's largest apparel companies.

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