The Gap, Inc. (NYSE:GAP – Get Free Report) 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.
Check Out Our Latest Analysis on GAP
Insider Buying and Selling
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 – Get Free Report) 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.
Featured Articles
- Five stocks we like better than GAP
- How to Use the MarketBeat Stock Screener
- IBM’s AI Bet Pays Off—What’s Next for Investors?
- The 3 Best Blue-Chip Stocks to Buy Now
- 3 Reasons to Treat AMD’s Drop as an Entry Opportunity
- Most active stocks: Dollar volume vs share volume
- Qualcomm’s Post-Earnings Dip: A Prime Buying Opportunity?
Receive News & Ratings for GAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAP and related companies with MarketBeat.com's FREE daily email newsletter.