Gap Gets a Hold Rating from Robert W. Baird

By Ryan Adsit

In a report issued on December 21, Mark Altschwager from Robert W. Baird reiterated a Hold rating on Gap (NYSE: GPS), with a price target of $35. The company’s shares closed yesterday at $34.44, close to its 52-week high of $34.70.

According to TipRanks.com, Altschwager is a 2-star analyst with an average return of 0.3% and a 43.4% success rate. Altschwager covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Urban Outfitters.

Currently, the analyst consensus on Gap is Hold and the average price target is $32.13, representing a -6.7% downside.

In a report issued on December 13, Oppenheimer also downgraded the stock to Hold with a $30 price target.

Gap’s market cap is currently $13.4B and has a P/E ratio of 15.87. The company has a book value ratio of 4.4303.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock.

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Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women and children. The company operates through segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix.