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

The Gap, Inc. (NYSE:GAP) has earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $28.50.

A number of equities analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd. Bank of America raised their target price on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Argus raised GAP to a “hold” rating in a research note on Thursday, September 19th. Morgan Stanley raised their price objective on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, UBS Group upped their target price on shares of GAP from $14.00 to $16.00 and gave the stock a “sell” rating in a research report on Friday, November 22nd.

GAP Stock Performance

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

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

GAP Dividend Announcement

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

Insiders Place Their Bets

In other GAP news, CFO Katrina O’connell sold 87,557 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $25.45, for a total value of $2,228,325.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder John J. Fisher sold 250,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 1,000,752 shares in the company, valued at $24,198,183.36. This represents a 19.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 955,375 shares of company stock valued at $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.