The Gap (GAP) – Among the Top 10 High Dividend Stocks to Invest In According to Analysts

With an annual dividend yield of 3.40%, The Gap, Inc. (NYSE:GAP) is included among the Top 10 High Dividend Stocks to Invest In According to Analysts.

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Jefferies on May 29 lowered its price target on The Gap, Inc. (NYSE:GAP) to $29 from $32 while maintaining a Buy rating on the shares. In a post-earnings note, the analyst said near-term sales expectations have been revised lower, though margin discipline and brand reinvigoration under Richard Dickson continue to support a “constructive long-term view.”

BofA also adjusted its outlook on May 29, cutting its price target on Gap to $26 from $29 and reiterating a Neutral rating. The firm pointed to improving momentum at the Gap brand, though that strength was offset by a first-quarter comparable sales miss at Old Navy and a weaker outlook for the second quarter. The analyst said the firm’s valuation multiple was reduced to reflect the sales underperformance at Old Navy. While “encouraged” by the positive total company comps, the firm remains concerned that the lower-end customer could be pressured by higher gas prices.

The Gap, Inc. (NYSE:GAP) is a specialty apparel company in America. The company sells apparel, accessories, and personal care products for men, women, and children through its Old Navy, Gap, Banana Republic, and Athleta brands.

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