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 denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls. The company offers its products through company-operated stores, franchise stores, Websites, third-party arrangements, and catalogs. It has franchise agreements with unaffiliated franchisees to operate Old Navy, Gap, Athleta, and Banana Republic stores and websites in Asia, Europe, Latin America, the Middle East, and Africa. As of December 31, 2021, the company had 2,835 company-operated stores and 564 franchise stores. It also provides its products through e-commerce sites. The Gap, Inc. was incorporated in 1969 and is headquartered in San Francisco, California.
Analyst Ratings Changes
A number of brokerages recently weighed in on GPS. TheStreet cut GAP from a "c" rating to a "d+" rating in a report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft lowered shares of GAP from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $12.00 to $9.00 in a research report on Wednesday, July 13th. Bank of America reduced their target price on shares of GAP from $9.60 to $8.00 and set an "underperform" rating on the stock in a report on Tuesday, July 12th. Telsey Advisory Group cut their price objective on GAP from $13.00 to $10.00 and set a "market perform" rating on the stock in a research report on Tuesday, July 12th. Finally, BMO Capital Markets decreased their target price on GAP from $16.00 to $13.00 and set a "market perform" rating for the company in a research report on Friday, April 22nd. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.54.
GAP Stock Performance
GPS Stock opened at $9.74 on Friday. The stock's 50 day simple moving average is $9.34 and its 200 day simple moving average is $12.52. GAP has a 12-month low of $7.79 and a 12-month high of $31.04. The firm has a market cap of $3.58 billion, a P/E ratio of -46.38 and a beta of 1.75. The company has a current ratio of 1.44, a quick ratio of 0.53 and a debt-to-equity ratio of 0.75.
GAP (NYSE:GPS - Get Rating) last issued its earnings results on Thursday, May 26th. The apparel retailer reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.33). GAP had a positive return on equity of 7.43% and a negative net margin of 0.45%. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same period last year, the company posted $0.48 earnings per share. The firm's revenue for the quarter was down 12.9% on a year-over-year basis. As a group, equities research analysts predict that GAP will post -0.05 EPS for the current year.
GAP Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Wednesday, July 6th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $0.60 dividend on an annualized basis and a yield of 6.16%. GAP's payout ratio is currently -285.71%.