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

Gap (NYSE:GPS) opened at 29.51 on Wednesday. Gap has a 12 month low of $21.57 and a 12 month high of $43.90. The company has a market cap of $11.72 billion and a price-to-earnings ratio of 13.23. The company’s 50 day moving average is $27.71 and its 200-day moving average is $26.93.

Gap (NYSE:GPS) last released its earnings results on Thursday, February 25th. The apparel retailer reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The company earned $4.39 billion during the quarter, compared to analyst estimates of $4.46 billion. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. On average, analysts expect that Gap will post $2.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 27th. Shareholders of record on Wednesday, April 6th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Monday, April 4th.

In other Gap news, CFO Sabrina Simmons sold 12,416 shares of the firm’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $30.25, for a total transaction of $375,584.00. Following the completion of the transaction, the chief financial officer now directly owns 6,438 shares of the company’s stock, valued at approximately $194,749.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andi Owen sold 11,381 shares of the firm’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $30.17, for a total transaction of $343,364.77. Following the transaction, the insider now directly owns 8,459 shares of the company’s stock, valued at $255,208.03. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Gap stock. Janus Capital Management raised its position in Gap Inc (NYSE:GPS) by 49.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,368 shares of the apparel retailer’s stock after buying an additional 18,857 shares during the period. Janus Capital Management’s holdings in Gap were worth $1,635,000 at the end of the most recent quarter.

A number of other equities research analysts have also weighed in on the stock. RBC Capital reaffirmed a “sector perform” rating and set a $24.00 target price (up previously from $23.00) on shares of Gap in a research note on Friday, February 5th. MKM Partners dropped their price objective on shares of Gap from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, January 8th. Vetr lowered shares of Gap from a “hold” rating to a “sell” rating and set a $25.43 price objective on the stock. in a research note on Wednesday, December 16th. Wedbush reissued a “neutral” rating and set a $27.00 price objective on shares of Gap in a research note on Sunday, December 6th. Finally, Morgan Stanley lowered shares of Gap from an “equal weight” rating to an “underweight” rating and set a $26.00 price objective on the stock. in a research note on Wednesday, March 16th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and four have issued a buy rating to the company. Gap presently has a consensus rating of “Hold” and a consensus target price of $30.11.

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.

12 Month Chart for NYSE:GPS

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