Brokerages Set The Gap, Inc. (NYSE:GAP) Target Price at $29.50

Shares of The Gap, Inc. (NYSE:GAP) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $29.50.

Several research firms have weighed in on GAP. Evercore ISI lifted their price objective on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. BMO Capital Markets lifted their price objective on shares of GAP from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price objective on shares of GAP in a research report on Monday, November 18th. Guggenheim reiterated a “buy” rating and set a $35.00 price objective on shares of GAP in a research report on Friday, November 22nd. Finally, UBS Group upgraded shares of GAP from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $16.00 to $26.00 in a research report on Friday.

GAP Stock Performance

GAP stock opened at $23.07 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.54. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.08 and a beta of 2.36. GAP has a 1 year low of $18.34 and a 1 year high of $30.75. The business has a 50 day simple moving average of $23.71.

GAP (NYSE:GAP) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.16. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. GAP had a net margin of 5.40% and a return on equity of 29.03%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 earnings per share. As a group, equities analysts predict that GAP will post 2.02 EPS for the current fiscal year.

GAP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, January 8th. GAP’s dividend payout ratio is currently 27.78%.

Insider Activity

In related news, major shareholder John J. Fisher sold 250,000 shares of GAP stock in a transaction on Friday, December 13th. The shares were sold at an average price of $24.18, for a total value of $6,045,000.00. Following the completion of the sale, the insider now owns 1,000,752 shares of the company’s stock, valued at approximately $24,198,183.36. The trade was a 19.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Katrina O’connell sold 87,557 shares of GAP stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $25.45, for a total transaction of $2,228,325.65. The disclosure for this sale can be found here. Insiders have sold a total of 955,375 shares of company stock worth $24,316,219 in the last ninety days. Corporate insiders own 31.00% of the company’s stock.

GAP Company Profile

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.