GAP (NYSE:GAP) Stock Price Expected to Rise, Evercore ISI Analyst Says

GAP (NYSE:GAP) had its price target increased by Evercore ISI from $32.00 to $33.00 in a report released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $26.00 target price on shares of GAP in a research note on Monday, November 18th. Barclays upped their target price on GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company increased their price objective on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on GAP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Morgan Stanley increased their price objective on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.30.

GAP Price Performance

Shares of NYSE GAP opened at $24.88 on Friday. The stock’s 50 day moving average is $21.39. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. GAP has a 1-year low of $18.34 and a 1-year high of $30.75. The company has a market capitalization of $9.36 billion, a PE ratio of 11.52, a P/E/G ratio of 1.26 and a beta of 2.35.

GAP (NYSE:GAP) last released its earnings results on Thursday, August 29th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.61 billion. GAP had a return on equity of 30.10% and a net margin of 5.40%. As a group, equities research analysts anticipate that GAP will post 1.87 earnings per share for the current fiscal year.

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. GAP’s dividend payout ratio is currently 27.78%.

Insiders Place Their Bets

In other news, CEO Horacio Barbeito sold 75,385 shares of the stock in a transaction on Thursday, September 12th. The stock was 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 Securities & Exchange Commission, which is available at this link. 31.00% of the stock is owned by company insiders.

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.