GAP (NYSE:GAP) Price Target Raised to $16.00 at UBS Group

GAP (NYSE:GAP) had its price objective boosted by UBS Group from $14.00 to $16.00 in a research note published on Friday morning,Benzinga reports. They currently have a sell rating on the stock.

GAP has been the subject of a number of other reports. BMO Capital Markets boosted their price target on shares of GAP from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday. Morgan Stanley boosted their price target on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company boosted their price target on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday. Bank of America boosted their price target on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on shares of GAP from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.30.

GAP Trading Up 12.9 %

GAP stock opened at $24.88 on Friday. The stock has a market cap of $9.36 billion, a PE ratio of 11.52, a P/E/G ratio of 1.26 and a beta of 2.35. The stock’s fifty day moving average price is $21.39. GAP has a 12-month low of $18.34 and a 12-month high of $30.75. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.

GAP (NYSE:GAP) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.15. GAP had a net margin of 5.40% and a return on equity of 30.10%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. As a group, sell-side analysts forecast that GAP will post 1.87 earnings per share for the current fiscal year.

GAP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.41%. GAP’s dividend payout ratio (DPR) is 27.78%.

Insider Transactions at GAP

In other news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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.