GAP (NYSE:GAP) Given “Market Perform” Rating at Telsey Advisory Group

GAP (NYSE:GAP)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $26.00 price target on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 14.82% from the company’s previous close.

A number of other equities analysts also recently weighed in on GAP. Morgan Stanley upped their target price on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. upgraded shares of GAP from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $28.00 to $30.00 in a research report on Monday, December 2nd. Evercore ISI upped their price target on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Bank of America increased their price objective on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, Argus upgraded GAP from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.27.

GAP Stock Down 2.8 %

Shares of GAP stock opened at $22.65 on Friday. GAP has a 12 month low of $18.72 and a 12 month high of $30.75. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.54 billion, a PE ratio of 10.48, a PEG ratio of 0.94 and a beta of 2.36. The stock has a fifty day simple moving average of $23.51.

Insider Activity at GAP

In related news, Director Robert J. Fisher sold 250,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $25.78, for a total transaction of $6,445,000.00. Following the completion of the sale, the director now directly owns 3,579,502 shares of the company’s stock, valued at approximately $92,279,561.56. This represents a 6.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Katrina O’connell sold 87,557 shares of GAP stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $25.45, for a total transaction of $2,228,325.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 955,375 shares of company stock valued at $24,316,219. Corporate insiders own 31.00% of the company’s stock.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.