Gap Inc (NYSE:GPS) has earned a “BBB-” credit rating from Morningstar. The investment research firm’s “BBB-” rating indicates that the company is a moderate default risk. They also gave their stock a five star rating.

GPS has been the topic of a number of other reports. Wedbush reduced their target price on shares of Gap to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 10th. Vetr raised shares of Gap from a “hold” rating to a “buy” rating and set a $27.15 target price on the stock in a research note on Wednesday, December 30th. Nomura lifted their target price on shares of Gap from $42.00 to $43.00 in a research note on Monday, November 2nd. Mizuho reduced their target price on shares of Gap from $26.00 to $23.00 and set an “underperform” rating on the stock in a research note on Friday, November 20th. Finally, Stifel Nicolaus reduced their target price on shares of Gap from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, November 20th. Seven research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.25.

In other news, CEO Arthur L. Peck purchased 37,150 shares of the stock in a transaction dated Monday, November 23rd. The stock was acquired at an average price of $26.99 per share, for a total transaction of $1,002,678.50. Following the completion of the transaction, the chief executive officer now owns 129,260 shares of the company’s stock, valued at $3,488,727.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

A hedge fund recently raised its stake in Gap stock. ING Groep boosted its stake in Gap Inc (NYSE:GPS) by 57.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,558,759 shares of the apparel retailer’s stock after buying an additional 565,694 shares during the period. ING Groep owned approximately 0.36% of Gap worth $44,417,000 as of its most recent SEC filing.

Shares of Gap (NYSE:GPS) opened at 24.72 on Friday. The firm has a market capitalization of $9.94 billion and a PE ratio of 10.11. Gap has a 52 week low of $21.57 and a 52 week high of $43.90. The company has a 50-day moving average of $24.50 and a 200-day moving average of $29.18.

Gap (NYSE:GPS) last issued its earnings results on Thursday, November 19th. The apparel retailer reported $0.63 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.63. During the same quarter last year, the business earned $0.73 earnings per share. The business had revenue of $3.86 billion for the quarter. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities analysts forecast that Gap will post $2.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 6th were given a dividend of $0.23 per share. The ex-dividend date was Monday, January 4th. This represents a $0.92 annualized dividend and a dividend yield of 3.72%.

The Gap, Inc. is an apparel retail company. The Company offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta and Intermix brands. In addition to operating in the specialty, outlet, online and franchise channels, Gap Inc. is an apparel retailer in using omni-channel capabilities for digital world and physical stores. Its omni-channel services include order-in-store, reserve-in-store, find-in-store and ship-from-store that are tailored across its portfolio of brands. Gap includes GapKids, babyGap, GapMaternity, GapBody and GapFit collections. It also offers handbags, shoes, jewelry, eyewear and personal care products, among others. It has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China and Hong Kong. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.

12 Month Chart for NYSE:GPS

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