GAP (NYSE:GAP) Stock Price Expected to Rise, Morgan Stanley Analyst Says

GAP (NYSE:GAP) had its target price increased by Morgan Stanley from $29.00 to $30.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently weighed in on GAP. JPMorgan Chase & Co. boosted their price target on GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $26.00 price target on shares of GAP in a research note on Monday, November 18th. Wells Fargo & Company lowered their price objective on GAP from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Argus raised GAP to a “hold” rating in a report on Thursday, September 19th. Finally, Bank of America upped their price objective on GAP from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.30.

GAP Stock Down 0.1 %

Shares of NYSE GAP opened at $24.85 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 firm has a market cap of $9.35 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.35 and a beta of 2.35. The stock has a fifty day moving average of $21.48. GAP has a 52-week low of $18.34 and a 52-week high of $30.75.

GAP (NYSE:GAP) last issued its quarterly 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. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. As a group, analysts anticipate that GAP will post 1.97 earnings per share for the current year.

GAP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued 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 of this dividend is Wednesday, January 8th. GAP’s dividend payout ratio (DPR) is presently 27.78%.

Insiders Place Their Bets

In related news, CEO Horacio Barbeito sold 75,385 shares of GAP stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $1,507,700.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate 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.