Janney Montgomery Scott Reiterates Buy on The Gap (GPS)
The Gap (NYSE: GPS)‘s stock had its “buy” rating restated by analysts at Janney Montgomery Scott in a research report issued to clients and investors on Monday.
A number of other firms have also recently commented on GPS. Analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of The Gap to $40.00 in a research note to investors on Friday, April 13rd. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of The Gap from $25.00 to $28.00 in a research note to investors on Monday, April 9th. They now have an “equal weight” rating on the stock. Finally, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of The Gap in a research note to investors on Monday, April 9th.
The Gap traded up 0.42% on Monday, hitting $28.62. The Gap has a 52-week low of $15.08 and a 52-week high of $29.01. The company has a market cap of $13.959 billion and a price-to-earnings ratio of 18.27.
The company last announced its quarterly results on Thursday, February 23rd. It reported $0.44 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.42 EPS by $0.02. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts predict that The Gap will post $0.36 earnings per share next quarter.
The Gap, Inc. is a global specialty retailer offering apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands.