Barclays analyst Adrienne Tennant maintained a Sell rating on Gap (GPS) on April 24 and set a price target of $5.00. The company’s shares closed last Friday at $6.90, close to its 52-week low of $5.27.
According to TipRanks.com, Tennant is a 2-star analyst with an average return of -0.2% and a 43.2% success rate. Tennant covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Dick’s Sporting Goods, and Canada Goose Holdings.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Gap with a $10.21 average price target.
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Based on Gap’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $4.67 billion and GAAP net loss of $184 million. In comparison, last year the company earned revenue of $4.62 billion and had a net profit of $276 million.
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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. 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. Gap was founded by Donald G. Fisher and Doris F. Fisher in July 1969 and is headquartered in San Francisco, CA.
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