GAP (NYSE:GAP) Upgraded to Neutral at UBS Group

GAP (NYSE:GAP) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a research note issued on Friday, MarketBeat reports. The firm currently has a $26.00 target price on the stock, up from their prior target price of $16.00. UBS Group’s price target points to a potential upside of 7.88% from the stock’s previous close.

A number of other brokerages have also recently weighed in on GAP. BMO Capital Markets raised their target price on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Evercore ISI lifted their target price on GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Bank of America upped their target price on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Guggenheim reissued a “buy” rating and issued a $35.00 price target on shares of GAP in a research note on Friday, November 22nd. Finally, Wells Fargo & Company raised their target price on shares of GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.50.

GAP Stock Performance

NYSE:GAP opened at $24.10 on Friday. The company has a market capitalization of $9.09 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.08 and a beta of 2.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. GAP has a 1 year low of $18.34 and a 1 year high of $30.75. The stock has a fifty day simple moving average of $23.68.

GAP (NYSE:GAP) last released its quarterly earnings results on Thursday, November 21st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.16. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. GAP’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. On average, equities research analysts predict that GAP will post 2.02 EPS for the current year.

Insider Transactions at GAP

In other news, Director Robert J. Fisher sold 250,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $25.78, for a total value of $6,445,000.00. Following the sale, the director now owns 3,579,502 shares in the company, valued at approximately $92,279,561.56. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Katrina O’connell sold 87,557 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $25.45, for a total value of $2,228,325.65. The disclosure for this sale can be found here. Insiders have sold a total of 955,375 shares of company stock worth $24,316,219 in the last 90 days. 31.00% of the stock is owned by insiders.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.