Brokerages Set The Gap, Inc. (NYSE:GAP) Price Target at $28.50

Shares of The Gap, Inc. (NYSE:GAP) have received an average rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $28.50.

GAP has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of GAP from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $28.00 to $30.00 in a research report on Monday, December 2nd. BMO Capital Markets upped their price target on GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. Argus raised GAP to a “hold” rating in a research report on Thursday, September 19th. Evercore ISI increased their target price on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, Guggenheim reaffirmed a “buy” rating and set a $35.00 price target on shares of GAP in a report on Friday, November 22nd.

GAP Stock Performance

GAP stock opened at $24.01 on Tuesday. The company has a market capitalization of $9.05 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 1.13 and a beta of 2.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The firm has a 50-day moving average price of $23.01. GAP has a fifty-two week low of $18.34 and a fifty-two week high of $30.75.

GAP (NYSE:GAP) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.16. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.81 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 EPS. Equities analysts predict that GAP will post 2.02 earnings per share for the current year.

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 2.50%. GAP’s payout ratio is 27.78%.

Insider Buying and Selling at GAP

In related news, Director William Sydney Fisher sold 123,950 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $26.24, for a total value of $3,252,448.00. Following the completion of the transaction, the director now directly owns 3,696,517 shares of the company’s stock, valued at approximately $96,996,606.08. This trade represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder John J. Fisher sold 250,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $24.18, for a total transaction of $6,045,000.00. Following the sale, the insider now directly owns 1,000,752 shares in the company, valued at approximately $24,198,183.36. The trade was a 19.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 955,375 shares of company stock worth $24,316,219. Insiders own 31.00% of the company’s stock.

GAP Company Profile

The Gap, Inc operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include adult apparel and accessories; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls.