Guggenheim Reiterates “Buy” Rating for GAP (NYSE:GAP)

Guggenheim reiterated their buy rating on shares of GAP (NYSE:GAP) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $35.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. Barclays boosted their price objective on shares of GAP from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley upped their price target on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday. BMO Capital Markets upped their target price on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price objective on shares of GAP in a research report on Monday, November 18th. Finally, Wells Fargo & Company increased their target price on shares of GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.30.

GAP Price Performance

NYSE:GAP opened at $24.85 on Friday. GAP has a one year low of $18.34 and a one year high of $30.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. The business’s 50-day simple moving average is $21.48. The company has a market capitalization 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 earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.15. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.61 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. On average, equities research analysts expect that GAP will post 1.97 earnings per share for the current fiscal year.

GAP Announces Dividend

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

Insider Buying and Selling

In other news, CEO Horacio Barbeito sold 75,385 shares of GAP stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 31.00% of the stock is owned by company insiders.

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.