BMO Capital Markets Forecasts Strong Price Appreciation for GAP (NYSE:GAP) Stock

GAP (NYSE:GAP) had its target price raised by BMO Capital Markets from $23.00 to $25.00 in a report published on Friday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other analysts have also commented on GAP. JPMorgan Chase & Co. increased their price target on shares of GAP from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company upped their price target on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. Bank of America upped their price target on shares of GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday. Argus raised GAP to a “hold” rating in a research report on Thursday, September 19th. Finally, Morgan Stanley increased their target price on GAP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, GAP currently has an average rating of “Hold” and a consensus price target of $28.30.

GAP Stock Performance

GAP stock opened at $24.85 on Friday. The firm has a market cap of $9.35 billion, a PE ratio of 11.50, a PEG ratio of 1.35 and a beta of 2.35. The stock has a fifty day moving average price of $21.48. 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 one year low of $18.34 and a one year high of $30.75.

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

GAP Dividend Announcement

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

Insider Transactions at GAP

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.