UBS Group Upgrades GAP (NYSE:GAP) to Neutral

GAP (NYSE:GAP) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a report released on Friday, MarketBeat reports. The firm currently has a $26.00 target price on the stock, up from their prior target price of $16.00. UBS Group’s target price would indicate a potential upside of 9.47% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Bank of America raised their target price on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Argus upgraded shares of GAP to a “hold” rating in a research note on Thursday, September 19th. Wells Fargo & Company upped their target price on shares of GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Morgan Stanley lifted 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, November 22nd. Finally, JPMorgan Chase & Co. raised GAP from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $28.00 to $30.00 in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

GAP Stock Down 0.0 %

Shares of GAP stock opened at $23.75 on Friday. 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 $8.96 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.08 and a beta of 2.36. GAP has a 52-week low of $18.34 and a 52-week high of $30.75. The business’s 50-day moving average price is $23.62.

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

Insider Transactions at GAP

In other news, major shareholder John J. Fisher sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $24.18, for a total value of $6,045,000.00. Following the completion of the transaction, the insider now owns 1,000,752 shares of the company’s stock, valued at $24,198,183.36. The trade was a 19.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William Sydney Fisher sold 243,868 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $26.02, for a total transaction of $6,345,445.36. Following the sale, the director now owns 3,820,467 shares in the company, valued at approximately $99,408,551.34. This trade represents a 6.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 955,375 shares of company stock valued at $24,316,219 over the last three months. 31.00% of the stock is currently owned by insiders.

About GAP

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.