GAP (NYSE:GAP) Earns “Buy” Rating from Guggenheim

GAP (NYSE:GAP)‘s stock had its “buy” rating reiterated by analysts at Guggenheim in a note issued to investors on Friday,Benzinga reports. They presently have a $35.00 price objective on the stock. Guggenheim’s target price indicates a potential upside of 40.73% from the company’s current price.

Several other research firms have also commented on GAP. Bank of America increased their price objective on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. Argus raised shares of GAP to a “hold” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. boosted their price objective on GAP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. Barclays raised their price objective on GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Evercore ISI boosted their target price on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.30.

GAP Stock Up 12.8 %

Shares of GAP stock opened at $24.87 on Friday. GAP has a twelve month low of $18.34 and a twelve 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. The firm’s 50-day moving average price is $21.39. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.26 and a beta of 2.35.

GAP (NYSE:GAP) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.15. The business had revenue of $3.72 billion during 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%. On average, equities analysts expect that GAP will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a filing with the SEC, which is available through this link. 31.00% of the stock is currently owned by insiders.

About GAP

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.