Oppenheimer Issues a Hold Rating on Gap

By Carrie Williams

Oppenheimer analyst Anna Andreeva maintained a Hold rating on Gap (NYSE: GPS) on March 7 and set a price target of $24. The company’s shares closed last Friday at $24.27.

According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 2.1% and a 44.4% success rate. Andreeva covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Children’s Place.

Currently, the analyst consensus on Gap is Hold and the average price target is $28, representing a 15.4% upside.

In a report issued on February 27, FBR Capital also reiterated a Hold rating on the stock with a $28 price target.

Based on Gap’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $4.43 billion and quarterly net profit of $220 million. In comparison, last year the company earned revenue of $4.39 billion and had a net profit of $214 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Last month, Andi Owen, the Global Pres., Banana Republic of GPS sold 38,278 shares for a total of $917,508.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gap, Inc. operates as a global apparel retail company. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. It operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Intermix. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children. The Banana Republic Global segment provides clothing, eyewear, jewelry, shoes, handbags, and fragrances. The Athleta segment offers fitness apparel for women. The Intermix segment features styles from various designers. The company was founded by Donald G. Fisher and Doris F. Fisher in July 1969 and is headquartered in San Francisco, CA.