In a report released today, Randal Konik from Jefferies reiterated a Buy rating on Gap (NYSE: GPS), with a price target of $35. The company’s shares closed yesterday at $23.19.
According to TipRanks.com, Konik is a 1-star analyst with an average return of -0.7% and a 44.2% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.
Gap has an analyst consensus of Hold, with a price target consensus of $26.75.
Gap’s market cap is currently $9.25B and has a P/E ratio of 13.72. The company has a book value ratio of 3.1862.
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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.