GAP (NYSE:GAP) Price Target Raised to $28.00

GAP (NYSE:GAP) had its target price upped by Bank of America from $25.00 to $28.00 in a report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also commented on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 price objective on shares of GAP in a report on Monday, November 18th. JPMorgan Chase & Co. increased their price objective on shares of GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Argus upgraded shares of GAP to a “hold” rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company decreased their price target on shares of GAP from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.30.

GAP Stock Performance

Shares of NYSE:GAP opened at $24.87 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.26 and a beta of 2.35. The stock has a 50-day simple moving average of $21.39. GAP has a fifty-two week low of $18.34 and a fifty-two week high of $30.75.

GAP (NYSE:GAP) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share 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 firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. As a group, research analysts predict that GAP will post 1.87 earnings per share for the current year.

GAP Dividend Announcement

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

Insider Buying and Selling at GAP

In related 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 value of $1,507,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 31.00% of the stock is currently 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.