BMO Capital Markets Issues Positive Forecast for GAP (NYSE:GAP) Stock Price

GAP (NYSE:GAP) had its price target raised by BMO Capital Markets from $23.00 to $25.00 in a report published on Friday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI raised their price objective on shares of GAP from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley raised their price objective on shares of GAP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. Argus upgraded shares of GAP to a “hold” rating in a research note on Thursday, September 19th. Telsey Advisory Group reiterated a “market perform” rating and set a $26.00 price target on shares of GAP in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of GAP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.30.

GAP Trading Up 12.9 %

Shares of GAP stock opened at $24.88 on Friday. The business has a fifty day moving average of $21.39. 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 1 year low of $18.34 and a 1 year high of $30.75.

GAP (NYSE:GAP) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 5.40% and a return on equity of 30.10%. As a group, research analysts forecast that GAP will post 1.87 earnings per share for the current fiscal 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 $0.15 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.41%. GAP’s dividend payout ratio is 27.78%.

Insiders Place Their Bets

In other GAP news, CEO Horacio Barbeito sold 75,385 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $1,507,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company 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.