GAP (NYSE:GAP) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of GAP (NYSE:GAP) in a research note published on Monday morning,Benzinga reports. They currently have a $26.00 target price on the stock.

Several other analysts also recently commented on GAP. Argus raised GAP to a “hold” rating in a research note on Thursday, September 19th. Wells Fargo & Company lowered their price target on GAP from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GAP from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, August 30th.

GAP Trading Down 1.8 %

NYSE GAP opened at $20.63 on Monday. The firm has a market cap of $7.76 billion, a P/E ratio of 10.21, a P/E/G ratio of 1.23 and a beta of 2.35. The company has a fifty day simple moving average of $21.29. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. GAP has a 12-month low of $17.84 and a 12-month high of $30.75.

GAP (NYSE:GAP) last posted its earnings results on Thursday, August 29th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.39 by $0.15. GAP had a net margin of 5.05% and a return on equity of 28.89%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.61 billion. Sell-side analysts predict that GAP will post 1.88 EPS for the current year.

GAP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. 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 2.91%. GAP’s dividend payout ratio (DPR) is currently 29.70%.

Insider Buying and Selling at GAP

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