GAP (NYSE:GAP) Price Target Raised to $30.00 at Wells Fargo & Company

GAP (NYSE:GAP) had its price objective boosted by Wells Fargo & Company from $28.00 to $30.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Barclays increased their price target on shares of GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley increased their price target on shares of GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday. Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 price target on shares of GAP in a report on Monday, November 18th. JPMorgan Chase & Co. increased their price target on shares of GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Bank of America increased their target price on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, GAP presently has an average rating of “Hold” and an average price target of $28.30.

GAP Trading Down 0.1 %

Shares of GAP stock opened at $24.85 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.54 and a debt-to-equity ratio of 0.47. GAP has a 1 year low of $18.34 and a 1 year high of $30.75. The company has a fifty day simple moving average of $21.48. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.35 and a beta of 2.35.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (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 29.03%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. As a group, equities research analysts forecast that GAP will post 1.97 EPS for the current fiscal year.

GAP Dividend Announcement

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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.41%. The ex-dividend date is Wednesday, January 8th. GAP’s payout ratio is 27.78%.

Insider Activity

In related news, CEO Horacio Barbeito sold 75,385 shares of GAP 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 this link. Insiders own 31.00% of the company’s stock.

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.