The Gap, Inc. (NYSE:GAP) Receives $29.27 Consensus Target Price from Analysts

The Gap, Inc. (NYSE:GAP) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $29.27.

GAP has been the topic of several analyst reports. Evercore ISI upped their target price on shares of 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 price objective on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Argus upgraded shares of GAP from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, January 21st. UBS Group upgraded GAP from a “sell” rating to a “neutral” rating and increased their price target for the stock from $16.00 to $26.00 in a research report on Friday, January 10th. Finally, Guggenheim reiterated a “buy” rating and issued a $35.00 price objective on shares of GAP in a research report on Friday, November 22nd.

Insider Buying and Selling

In other news, CFO Katrina O’connell sold 87,557 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director William Sydney Fisher sold 123,950 shares of GAP stock in a transaction on Monday, December 9th. The stock was sold at an average price of $26.24, for a total value of $3,252,448.00. Following the sale, the director now directly owns 3,696,517 shares of the company’s stock, valued at approximately $96,996,606.08. This trade represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 955,375 shares of company stock worth $24,316,219 over the last three months. 31.00% of the stock is currently owned by company insiders.

GAP Stock Down 2.7 %

NYSE:GAP opened at $22.50 on Wednesday. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 1.07 and a beta of 2.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 0.84. GAP has a 12-month low of $18.72 and a 12-month high of $30.75. The business has a 50-day simple moving average of $24.19.

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

GAP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Wednesday, January 8th. GAP’s dividend payout ratio is 27.78%.

About GAP

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.