Citigroup restated their buy rating on shares of GAP (NYSE:GAP - Free Report) in a report issued on Friday, MarketBeat.com reports. They currently have a $33.00 target price on the stock, up from their previous target price of $22.00.
A number of other brokerages also recently weighed in on GAP. JPMorgan Chase & Co. lifted their price target on GAP from $25.00 to $29.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Jefferies Financial Group reiterated a "hold" rating and set a $29.00 price target (up previously from $26.00) on shares of GAP in a report on Wednesday, May 21st. Telsey Advisory Group reiterated a "market perform" rating and set a $26.00 price target on shares of GAP in a report on Friday. Barclays decreased their price target on shares of GAP from $33.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Finally, The Goldman Sachs Group decreased their price target on shares of GAP from $34.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, GAP presently has an average rating of "Moderate Buy" and an average price target of $28.80.
Check Out Our Latest Stock Analysis on GAP
GAP Price Performance
Shares of GAP traded down $0.07 during trading hours on Friday, hitting $28.39. 15,453,582 shares of the company were exchanged, compared to its average volume of 7,171,227. The firm has a fifty day simple moving average of $21.98 and a 200-day simple moving average of $22.79. The company has a market capitalization of $10.69 billion, a PE ratio of 13.14, a PEG ratio of 0.94 and a beta of 2.24. 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 $16.99 and a one year high of $29.29.
GAP (NYSE:GAP - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.18. The firm had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.07 billion. GAP had a return on equity of 29.03% and a net margin of 5.40%. As a group, sell-side analysts predict that GAP will post 2.02 earnings per share for the current year.
GAP Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 9th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.32%. GAP's payout ratio is presently 29.86%.
Insider Transactions at GAP
In related news, CEO Mark Breitbard sold 3,393 shares of GAP stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $19.58, for a total transaction of $66,434.94. Following the completion of the sale, the chief executive officer now directly owns 133,341 shares of the company's stock, valued at $2,610,816.78. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sarah Gilligan sold 29,813 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $20.34, for a total value of $606,396.42. Following the transaction, the insider now owns 2,634 shares in the company, valued at approximately $53,575.56. This trade represents a 91.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,880 shares of company stock valued at $4,985,854. Corporate insiders own 30.56% of the company's stock.
Institutional Trading of GAP
Hedge funds have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC acquired a new stake in GAP during the 1st quarter worth $30,000. New York State Teachers Retirement System acquired a new stake in shares of GAP in the 1st quarter valued at about $5,065,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of GAP in the 1st quarter valued at about $932,000. GAMMA Investing LLC acquired a new stake in shares of GAP in the 1st quarter valued at about $96,000. Finally, Deseret Mutual Benefit Administrators acquired a new stake in shares of GAP in the 1st quarter valued at about $81,000. Institutional investors and hedge funds own 58.81% of the company's stock.
GAP Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider GAP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GAP wasn't on the list.
While GAP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
