Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Agricole upgraded shares of The Gap from an “outperform” rating to a “buy” rating in a research note to investors on Wednesday. Separately, analysts at Nomura (NYSE: NMR) reiterated a “positive” rating on shares of The Gap in a research note to investors on Tuesday. Finally, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of The Gap in a research note to investors on Monday.
The Gap traded down 1.61% on Wednesday, hitting $28.67. The Gap has a 1-year low of $15.08 and a 1-year high of $29.23. The company has a market cap of $13.983 billion and a price-to-earnings ratio of 18.68.
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. Analysts expect that The Gap will post $0.36 EPS 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.