Gap (NYSE:GPS) Rating Restated

The company have set price target of $34.0 on Gap (NYSE:GPS) shares. This is 30.82 % from the last stock close price. In a research report sent to clients and investors on Friday, 17 November, Barclays reconfirmed their “Overweight” rating on shares of GPS.

NYSE:GPS is currently trading 0.04% higher at $27.48 as of 4:04 AM New York time. Gap’s stock is 0% over the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has surged 6.00% over the same time period.

Out of 29 analysts covering Gap, 2 rate it a Buy, 23 indicate a Hold while 11 suggest a Sell. The highest target is $33 and the lowest is $16 according to Thomson/First Call. The 12-month mean target is $19.66, which means downside potential of 28.46% over the current price.

Institutional Ownership

Hall Kathryn A. had the biggest stake with ownership of 3.39 million shares as of Q2 2015 for 98.61% of the US long equity exposure. Rbs Partners L.P. is another very bullish investment manager who is possessing 2.55 million shares of Gap or 6.44% of their US long equity exposure. Also, Jasper Ridge Partners L.P. have 2.61% of their US long equity exposure invested in the company for 1.86 million shares. The New York-based fund Euclidean Technologies Management Llc disclosed it had bought a stake worth about 1.81% of the investment manager’s stock portfolio in Gap. The Cayman Islands-based fund Quantres Asset Management Ltd is also positive about the stock, possessing 78,952 shares or 1.62% of their US long equity exposure.

Gap (NYSE:GPS) Profile

The Gap, Inc. (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, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.

Gap (NYSE:GPS) traded up 0.04% on 17 November, hitting $27.48. A total of 174,461 shares of the company’s stock traded hands. This is down from average of 5.54M shares. Gap has a 52 week low of $21.02 and a 52 week high of $30.74. The company has a market cap of $10.78B and a P/E ratio of 13.06.

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