GAP (NYSE:GAP) Price Target Raised to $32.00 at Barclays

GAP (NYSE:GAP) had its price objective increased by Barclays from $31.00 to $32.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts also recently commented on the stock. Argus raised shares of GAP to a “hold” rating in a research note on Thursday, September 19th. Bank of America raised their price target on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Morgan Stanley raised their price target on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 price target on shares of GAP in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.30.

GAP Trading Down 0.1 %

Shares of GAP opened at $24.85 on Friday. GAP has a twelve month low of $18.34 and a twelve month high of $30.75. The stock has a market capitalization of $9.35 billion, a P/E ratio of 11.50, a P/E/G ratio of 1.35 and a beta of 2.35. The company has a current ratio of 1.54, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $21.48.

GAP (NYSE:GAP) last announced its earnings results on Thursday, August 29th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.15. GAP had a net margin of 5.40% and a return on equity of 29.03%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. Analysts predict that GAP will post 1.97 earnings per share for the current fiscal year.

GAP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Wednesday, January 8th. GAP’s dividend payout ratio (DPR) is 27.78%.

Insider Buying and Selling at GAP

In other news, CEO Horacio Barbeito sold 75,385 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $1,507,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 31.00% of the company’s stock.

About GAP

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.