The Gap, Inc. (NYSE:GAP) Receives $29.50 Average PT from Brokerages

Shares of The Gap, Inc. (NYSE:GAP) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $29.50.

A number of equities analysts have issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 target price on shares of GAP in a report on Monday, November 18th. Morgan Stanley raised their target price on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Barclays raised their target price on shares of GAP from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. UBS Group raised GAP from a “sell” rating to a “neutral” rating and lifted their price target for the company from $16.00 to $26.00 in a report on Friday. Finally, Evercore ISI lifted their price target on GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, November 22nd.

GAP Stock Performance

NYSE:GAP opened at $23.07 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. The stock has a 50-day moving average price of $23.71. GAP has a one year low of $18.34 and a one year high of $30.75. The firm has a market capitalization of $8.70 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 1.08 and a beta of 2.36.

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

GAP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 2.60%. GAP’s payout ratio is 27.78%.

Insider Buying and Selling

In related news, major shareholder John J. Fisher sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $24.18, for a total transaction of $6,045,000.00. Following the sale, the insider now owns 1,000,752 shares of the company’s stock, valued at $24,198,183.36. The trade was a 19.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Katrina O’connell sold 87,557 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 valued at $24,316,219 over the last quarter. Corporate insiders own 31.00% of the company’s stock.

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.