GAP (NYSE:GAP) Price Target Raised to $16.00

GAP (NYSE:GAP) had its price objective increased by UBS Group from $14.00 to $16.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a sell rating on the stock.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of GAP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. Barclays boosted their target price on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their price target on shares of GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America boosted their price objective on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday. Finally, Argus raised GAP to a “hold” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.30.

GAP Price Performance

Shares of GAP stock opened at $24.87 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 0.84. The business has a fifty day moving average price of $21.39. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.26 and a beta of 2.35. GAP has a 12 month low of $18.34 and a 12 month high of $30.75.

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

GAP Announces Dividend

The business 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. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. GAP’s dividend payout ratio is currently 27.78%.

Insider Buying and Selling

In other news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 31.00% of the stock is owned by company 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.