GAP (NYSE:GAP) Given New $28.00 Price Target at JPMorgan Chase & Co.

GAP (NYSE:GAP) had its price objective upped by JPMorgan Chase & Co. from $26.00 to $28.00 in a research note released on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also commented on GAP. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price objective on shares of GAP in a research report on Monday, November 18th. Bank of America raised their price target on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company boosted their price objective on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday. 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. Finally, Barclays increased their target price on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, GAP presently has an average rating of “Hold” and an average target price of $28.30.

GAP Stock Performance

GAP stock opened at $24.87 on Friday. The stock has a market capitalization of $9.36 billion, a P/E ratio of 11.51, a PEG ratio of 1.26 and a beta of 2.35. The stock has a fifty day moving average of $21.39. GAP has a one year low of $18.34 and a one year high of $30.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 0.84.

GAP (NYSE:GAP) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.39 by $0.15. GAP had a net margin of 5.40% and a return on equity of 30.10%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. On average, research analysts predict that GAP will post 1.87 EPS for the current fiscal year.

GAP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Wednesday, January 8th. GAP’s dividend payout ratio (DPR) is presently 27.78%.

Insiders Place Their Bets

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