The Gap, Inc. (NYSE:GAP) Receives $28.67 Average PT from Analysts

The Gap, Inc. (NYSE:GAP) has earned an average recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. 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. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $28.30.

Several analysts have recently issued reports on GAP shares. Guggenheim restated a “buy” rating and set a $35.00 target price on shares of GAP in a research report on Friday, November 22nd. Bank of America boosted their price objective on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. raised their price objective on GAP from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Wells Fargo & Company boosted their target price on GAP from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Morgan Stanley increased their price target on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, November 22nd.

GAP Price Performance

Shares of GAP opened at $24.22 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 market cap of $9.11 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.13 and a beta of 2.35. GAP has a 1 year low of $18.34 and a 1 year high of $30.75. The business’s 50 day moving average price is $21.72.

GAP (NYSE:GAP) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. GAP had a net margin of 5.40% and a return on equity of 29.03%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. On average, sell-side analysts expect that GAP will post 1.98 earnings per share for the current year.

GAP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Wednesday, January 8th. GAP’s dividend payout ratio is currently 27.78%.

Insider Buying and Selling

In related news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 31.00% of the stock is currently owned by insiders.

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.