The Gap, Inc. (NYSE:GAP) Receives $28.67 Consensus Target Price from Analysts

The Gap, Inc. (NYSE:GAP) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $28.30.

Several research firms recently issued reports on GAP. Barclays lifted their price objective on GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America lifted their target price on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. Guggenheim restated a “buy” rating and set a $35.00 price target on shares of GAP in a report on Friday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $26.00 target price on shares of GAP in a research note on Monday, November 18th. Finally, Wells Fargo & Company raised their target price on GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Friday.

Insider Activity at GAP

In related news, CEO Horacio Barbeito sold 75,385 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.00% of the company’s stock.

GAP Trading Up 12.8 %

Shares of NYSE:GAP opened at $24.87 on Friday. The firm has a 50 day moving average of $21.39. GAP has a 12-month low of $18.34 and a 12-month high of $30.75. The firm 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 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 issued 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. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. GAP had a return on equity of 30.10% and a net margin of 5.40%. Equities research analysts predict that GAP will post 1.87 earnings per share for the current fiscal year.

GAP Announces Dividend

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

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.