Barclays Issues Positive Forecast for GAP (NYSE:GAP) Stock Price

GAP (NYSE:GAP) had its price target lifted by Barclays from $31.00 to $32.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also weighed in on the company. Morgan Stanley upped their target price on GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America lifted their price objective on shares of GAP from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Friday. Telsey Advisory Group restated a “market perform” rating and issued a $26.00 target price on shares of GAP in a report on Monday, November 18th. Wells Fargo & Company decreased their price objective on GAP from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on GAP from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, August 30th. 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.30.

GAP Trading Up 12.9 %

Shares of NYSE GAP opened at $24.88 on Friday. The firm has a market capitalization of $9.36 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 1.26 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.49. GAP has a 12 month low of $18.34 and a 12 month high of $30.75. The business’s 50-day simple moving average is $21.39.

GAP (NYSE:GAP) last announced 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 return on equity of 30.10% and a net margin of 5.40%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.61 billion. On average, sell-side analysts predict that GAP will post 1.87 earnings per share for the current year.

GAP Dividend Announcement

The firm also recently disclosed 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 2.41%. The ex-dividend date is Wednesday, January 8th. GAP’s payout ratio is 27.78%.

Insider Buying and Selling

In other news, CEO Horacio Barbeito sold 75,385 shares of the company’s 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.00% of the stock is 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.