BMO Capital Markets Issues Positive Forecast for GAP (NYSE:GAP) Stock Price

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

A number of other equities analysts have also weighed in on GAP. Wells Fargo & Company boosted their target price on GAP from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday. Argus upgraded shares of GAP to a “hold” rating in a research note on Thursday, September 19th. Telsey Advisory Group restated a “market perform” rating and issued a $26.00 price target on shares of GAP in a research note on Monday, November 18th. Bank of America upped their price objective on GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their target price on GAP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, GAP presently has an average rating of “Hold” and an average price target of $28.30.

GAP Trading Down 0.1 %

Shares of NYSE:GAP opened at $24.85 on Friday. 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’s 50-day moving average price is $21.48. The company has a market capitalization of $9.35 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 1.35 and a beta of 2.35. GAP has a 12 month low of $18.34 and a 12 month high of $30.75.

GAP (NYSE:GAP) last announced its earnings results on Thursday, August 29th. The company reported $0.54 earnings per share 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 firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.61 billion. As a group, research analysts forecast that GAP will post 1.97 EPS for the current fiscal year.

GAP Dividend Announcement

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

Insiders Place Their Bets

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