GAP (NYSE:GAP) Stock Price Expected to Rise, UBS Group Analyst Says

GAP (NYSE:GAP) had its price target raised by UBS Group from $14.00 to $16.00 in a research note released on Friday,Benzinga reports. They currently have a sell rating on the stock.

A number of other research firms also recently issued reports on GAP. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 target price on shares of GAP in a research report on Monday, November 18th. Bank of America upped their target price on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. Evercore ISI increased their price target on shares of GAP from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley increased their target price on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Wells Fargo & Company increased their target price on shares of GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.30.

GAP Trading Down 0.1 %

Shares of GAP stock opened at $24.85 on Friday. GAP has a 1 year low of $18.34 and a 1 year high of $30.75. 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 company has a market cap of $9.35 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.35 and a beta of 2.35. The firm’s 50 day moving average is $21.48.

GAP (NYSE:GAP) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. As a group, research analysts anticipate that GAP will post 1.97 earnings per share for the current year.

GAP Dividend Announcement

The firm also recently declared 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 payout ratio is currently 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 that occurred on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 31.00% of the company’s stock.

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.