Wall Street Strategies Analysts Reiterate a "Sell" Rating on The Gap Inc. (GPS)
Monday, July 11, 2021 6:11 PM

Equities research analysts at Wall Street Strategies reiterated a "sell" rating on shares of The Gap Inc. (NYSE: GPS) in a research note to investors on Monday.

Separately, analysts at Wedbush cut their price target on shares of The Gap Inc. to $18.00 in a research note to investors on Tuesday, July 5th. Also, analysts at Cowen downgraded shares of The Gap Inc. from an "outperform" rating to a "neutral" rating in a research note to investors on Tuesday, June 21st.

Shares of The Gap Inc. traded down 1.79% during mid-day trading on Tuesday, hitting $18.64. The Gap Inc. has a 52 week low of $16.62 and a 52 week high of $23.73. The stock's 50-day moving average is $22.04 and its 200-day moving average is $21.50. The company has a market cap of $10.260 billion and a price-to-earnings ratio of 10.34.

The Gap Inc. last announced its quarterly results on Thursday, May 19th. The company reported $0.40 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.39 EPS by $0.01. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts predict that The Gap Inc. will post $0.34 EPS next quarter.

The Gap, Inc. is a global specialty retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brands. The Company operates stores in the United States, Canada, the United Kingdom, France, Ireland, and Japan. It also has franchise agreements with unaffiliated franchisees to operate Gap and Banana Republic stores in many other countries worldwide. Under these agreements, third parties operate or will operate stores that sell apparel, purchased from the Company, under its brand names. As of January 30, 2010, it operated a total of 3,095 store locations. Its United States customers can shop online at gap.com, oldnavy.com, bananarepublic.com, piperlime.com, and athleta.com.

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